For Finance Teams
Gain complete visibility into company spend and financial data
Finance and accounting leaders need agile and powerful solutions to improve employee productivity, reduce document processing costs, generate faster close cycles, and improve cash conversion cycles. With Vroozi, finance leaders can:
- Digitize their invoice processing lifecycle from ingestion to payment
- Gain better visibility into spending across the organization and easily identify areas where costs can be reduced
- Improve straight through processing (STP) rates for incoming invoices using cognitive OCR
- Automate manual processes to reduce errors and improve efficiency, freeing up finance teams to focus on more strategic initiatives
- Improve cash conversion cycles and free up working capital
- Create a bridge between Procurement and Accounts Payable, and Corporate Finance departments for order management, invoice processing, and working capital
End To End Solution
See the full procure to pay process with integrated financial reporting
Intelligent Document Processing
Leverage built-in AI and Machine Learning to automatically process invoices
Visibility Of Spend Data
Get instant insights to all supplier payments, exceptions, and invoice cycle times
Vroozi Financial Benefits
- 100% spend under management
- 15-30% savings on purchasing costs
- 40-50% savings on invoice management
- 60-75% savings on vendor payment costs
- Increased financial control and visibility
- Increased remote operational efficiency
Why IT Teams Love Vroozi
Vroozi’s platform empowers finance teams with precise control, enhanced visibility, and streamlined processes across the procure-to-pay lifecycle. Designed to meet the unique needs of finance professionals, Vroozi ensures accurate financial management and improved operational efficiency.
Automated invoice processing and payment workflows reduce manual tasks, minimize errors, and accelerate cycle times, allowing finance teams to focus on strategic financial planning and analysis. Vroozi’s intelligent data capture technology ensures that invoices are digitized and accurately coded, improving the accuracy of financial records.
Real-time spend visibility and comprehensive analytics provide finance teams with actionable insights, enabling better budgeting, forecasting, and cost management. Vroozi’s platform supports compliance with financial regulations and internal policies, ensuring that all transactions are accurately recorded and auditable.
Seamless integration with existing ERP and financial systems ensures that data flows effortlessly across platforms, enhancing overall financial control and reducing the risk of discrepancies. Customizable approval workflows ensure that all financial processes adhere to company policies, further enhancing compliance and control.
Vroozi’s user-friendly interface and mobile accessibility ensure that finance teams can manage approvals, monitor spend, and make informed decisions anytime, anywhere. By leveraging Vroozi’s advanced financial management capabilities, finance teams can drive cost savings, improve cash flow, and support the organization’s strategic financial goals.
Embrace Vroozi’s innovative solutions to elevate your financial management, ensuring precision, efficiency, and strategic insight in every financial decision.
Cognitive OCR and data capture
- Intelligently extract data from structured and unstructured invoice documents.
- Integrated neural network to recognize, learn, and adapt different invoice formats with no training.
- Human in the Loop (HILT) document correction capabilities.
- ML algorithm for account coding and material groups with confidence scores.
Automatic invoice processing
- Automatically process purchase order and non-purchase order invoices at speed.
- 2- and 3-way invoice matching with purchase order documents.
- Overbilling and invoice duplicate detection.
- Multi-step invoice approval workflow.
Advanced payables analytics
- View dashboards of all your company spend and payables data.
- Accruals reporting with Goods Received Not Invoiced (GRNI) visibility.
- Export data to data warehouses and business intelligence platforms.
- Create customized accounts payable reports to reduce month end closing cycles.
Seamless integration with existing systems
- Work more efficiently with seamless integrations with your existing ERP and accounting systems.
- Enrich your accounting and ERP system data with real-time data syncs.
- Reduce the risk of duplicate entries and other errors from manual entry.
- Reduce time spent updating data across multiple platforms.
Check out our latest insights, tips and tools to guide your spend management transformation
Digital Procurement and AP Automation: 5 Things You Should Be Doing Right Now
Next Stop: Financial Resilience. A Road Map to Cost Control
10 Accounts Payable Invoice Automation Benefits