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Modernize your SMBs accounts payable processes with Naviant’s ready-to-use intelligent accounts payable platform, AP Accelerator. You’ll have all your information in one view so you can make better decisions, accelerate processes, and deliver a better invoice processing experience to internal customers and vendors.
Naviant AP Accelerator is available on-premises or in the cloud. Rather than a point solution that only supports a single business process, the Naviant AP Accelerator provides unparalleled value as an enterprise platform.
The Naviant AP Accelerator platform combines the power of two powerful software solutions – ABBYY’s FlexiCapture for Invoices and Hyland’s OnBase Content Services Platform.
ABBYY FlexiCapture for Invoices
ABBYY FlexiCapture uses intelligent optical character recognition (OCR) and natural language processing (NLP) to autonomously capture, validate, and organize all your accounts payable information, regardless of format or whether it’s structured or not.
Hyland’s OnBase Content Services Platform
OnBase is a content services platform that allows you to manage all your content, processes, and cases in a single secure location. It also provides superior automated workflow processing and reporting capabilities.
Together, this duo’s sophisticated, high-volume, high-productivity AP solution platform modernizes and revitalizes your AP team.
Naviant’s AP Accelerator is a ready-to-use solution instead of reinventing the wheel. It results from over 30 years of experience building sophisticated AP automation solutions for public and private organizations. Solution Accelerators achieve the same outcome as custom solutions, but faster and for less money.
ABBYY FlexiCapture for Invoices provides the leading autonomous AI solution to modernize intelligent data extraction of unstructured data. Combined with the Hyland OnBase Platform for automated workflow processing of human-defined rules and exception management, the Naviant AP Accelerator combines the industry’s leading technologies to provide the best solution for Small and Midsize Business (SMB).
The Naviant AP Accelerator automatically ingests electronic invoices from an email box where the critical information from the document is autonomously extracted and then automatically routed for approval. In addition, the AP Accelerator includes automated workflow to increase the velocity of your process, allowing you to take advantage of early pay discounts while minimizing late payment penalties.
Automation and autonomy sound similar. Yet, the terms are very different.
Automation capabilities provide rule-based controls to defined processes with or without human assistance.
Autonomous capabilities perform complex processing of unstructured information, taking action without human aid and templates. In addition, autonomous intelligent processing is flexible. It can react to changing data and circumstances. As a result, autonomous intelligence can make predictions and decisions. Autonomous intelligence requires machine learning and natural language processing – collectively known as artificial intelligence (AI).
The Naviant AP Accelerator provides AI to both structured and unstructured data – including information that is found in PDFs, emails, text documents, images, and more.
The AP Accelerator increases the velocity of your process with automated workflows. As a result, you can take advantage of early-pay discounts while minimizing late payment penalties.
Hyland’s OnBase Content Services platform provides critical automation controls for GL approvals, human exceptions, and reporting analytics.
Identify potential bottlenecks in your process and provide better visibility into total liabilities and accruals for the month. In addition, you’ll have access to highly visual, interactive dashboards with immediate process visibility.
Dashboards present data in a variety of graphical formats including charts, graphs, scorecards, gauges, maps, and more. Interactive features allow you to easily monitor performance and analyze trends in real-time.
The significant difference between a platform and a point solution is scalability and flexibility. While point solutions address a single, specific problem, platform solutions offer a robust foundation that can handle many use cases and business areas.
The Naviant AP Accelerator is a solution platform that will give you a foundation to intelligently capture, store, retrieve, process, manage, and integrate business content throughout your organization.
For example, you can use these platforms for:
As CLA continued to grow, the number of employees on their accounting team remained the same. It became difficult to keep up with the high volume of complex vendor invoices. CLA’s highly skilled employees were swimming in paperwork. Even worse, CLA’s manual invoice process was experiencing nearly a 10% error rate.
When we first considered a workflow solution, it needed to address the inherent inefficiencies of a paper-driven, labor-intensive process that was susceptible to repeated inaccuracies. Furthermore, any viable solution must have scalability and capacity to manage the significant increase in transaction volume that we envisioned. Integrating OnBase and ABBYY into our operation allowed us to realize the full potential of an automated workflow solution that has proved to be nothing short of a gamechanger for Clay Lacy Aviation.
"Integration streamlines accounts payable and other high-volume content processes by providing customers with processing automation capabilities and a complete view of relevant content.
In the past ten years alone, CLA has grown roughly 150%; however, as their business flourished and client demand soared, so did the paperwork being processed by their accounting department.
Although AP is responsible for handling most of organizations’ cash and should ideally be able to provide extensive transparency into its financial health and processes, how empowered does AP really tend to be?
