How does Contexture automate GL coding?

Contexture can be configured to automate GL coding based on specific vendors, projects, and historical invoice data. Your AP staff can validate and verify proposed GL codes, and machine learning allows Contexture to make more accurate recommendations over time.

Does Contexture process payments?

No, Contexture routes approved invoices to your ERP. Payments are handled by your ERP.

Can Contexture match invoices with POs and shipping documents?

Yes, Contexture automates the time-consuming process to match invoices (and line items) with POs and shipping documents.

How can I get in touch?

Please visit our Contact Us page, or email us at sales@contexture.tech .

How does Contexture compare to other AP automation solutions?

Contexture differentiates itself from other AP automation solutions as follows: Service beyond software: The Contexture team will map out your goals and current AP processes to ensure that we deliver an AP automation solution that is tailored to your needs – and works the way you expect it to. Fits your existing AP workflow and ERP: Contexture fits your existing AP workflow and ERP. No changes are required. 99.5% accuracy with human verification: Contexture combines leading AI and automation technologies with human verification to deliver our 99.5% accuracy guarantee. Reliable 3-way matching: Contexture automatically matches and validates invoices with POs and shipping documents. This ensures only approved invoices get paid. Line-item matching: Contexture digitizes all line items on multi-page invoices and ensures they match PO line items. Vendor list matching: Contexture protects your business from risks of phishing and fraud by ensuring only invoices from approved vendors get paid. Deployment and scalability: Contexture can be deployed very quickly with no additional infrastructure costs. Our AP Automation system can scale to meet your business needs. Control and flexibility: With Contexture, you retain full control, and we tailor the system to satisfy your complex internal business processes. Built-in AI: Contexture uses the latest AI, automation, and cloud technologies to deliver industry-leading accuracy, security, and flexibility. Works with PO and non-PO invoices: Contexture automates data entry for all invoice types (e.g., PO invoices, non-PO invoices, sub-contractor invoices, utilities, etc.). Fast turnaround and unmatched accuracy: Not only does Contexture automate invoice processing lightning-fast, our accuracy is unmatched. If the system detects any exceptions (i.e., invoices that are missing required data), we will flag them for your team to review and follow up. Low-cost implementation: Contexture implementations are low-cost and we work closely with your team to ensure timely deployments. Flexible ERP integration options: Contexture can connect directly to your financial and purchasing systems (whether cloud-based, on-premises, or hybrid). Or, if you prefer, we can create automated import files to streamline updates and eliminate double data entry.

How does Contexture streamline the AP process?

Contexture intelligently captures and extracts data from invoices, maps to your unique workflows, automates approvals, and connects to your ERP systems, reducing human intervention. This results in faster processing times, improved accuracy, and significant cost savings.

What types of businesses benefit from Contexture?

Contexture AP Automation benefits companies that have: a high volume of invoices numerous suppliers complex accounts payable processes time-consuming regulatory demands a desire to free up their finance teams to focus on more strategic activities that drive growth We work with clients across multiple industries – construction, manufacturing, real estate, retail, and others.

Can Contexture handle invoices with complex layouts and multiple line items?

Yes, Contexture is designed to handle complex invoice structures and accurately extract data from multiple line items.

How is data backed up and stored?

Contexture backs up and stores your data in secure, redundant data centers.

Does Contexture comply with relevant regulations?

Our platform is designed to comply with relevant financial regulations and industry standards.

FAQs Archive - Contexture

How does Contexture automate GL coding?
Contexture can be configured to automate GL coding based on [...]

Continue reading
Does Contexture process payments?
No, Contexture routes approved invoices to your ERP. Payments are [...]

Continue reading
Can Contexture match invoices with POs and shipping documents?
Yes, Contexture automates the time-consuming process to match invoices (and [...]

Continue reading
How can I get in touch?
Please visit our Contact Us page, or email us at [...]

Continue reading
How does Contexture compare to other AP automation solutions?
Contexture differentiates itself from other AP automation solutions as follows: [...]

Continue reading
How does Contexture streamline the AP process?
Contexture intelligently captures and extracts data from invoices, maps to [...]

Continue reading
What types of businesses benefit from Contexture?
Contexture AP Automation benefits companies that have: a high volume [...]

Continue reading
Can Contexture handle invoices with complex layouts and multiple line items?
Yes, Contexture is designed to handle complex invoice structures and [...]

Continue reading
How is data backed up and stored?
Contexture backs up and stores your data in secure, redundant [...]

Continue reading
Does Contexture comply with relevant regulations?
Our platform is designed to comply with relevant financial regulations [...]

Continue reading

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