Automated Invoice Processing Software

Cut invoice cycle time in half with Agentic AI.

  • 40% Productivity Improvement
  • 100% Policy Adherence

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Risisng Star Report

HighRadius Named A ‘Leader’ in the IDC MarketScape: Worldwide Embedded Payment Applications 2024–2025.

Key Features of Invoice Processing Software

Align Your Invoice Processing Automation With Business Outcomes

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Cut Invoice Processing
Costs By 50%

Eliminate manual tasks, reduce errors, & accelerate approvals with AI-driven data capture, 3-way matching, & seamless ERP integration.

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Boost Productivity
By 40%

Eliminate manual data entry, automate invoice matching, and streamline approvals with AI-driven workflows and real-time tracking.

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Ensure 100% Policy
Adherence

Enforce compliance by standardizing workflows, automating approvals, and ensuring every invoice aligns with company policies.

How Automated Invoice Processing Software Works

  • Email Capture: Pull invoices from shared AP inboxes across complex formats.
  • EDI Invoice Import: Fetch invoices via EDI or PEPPOL.
  • Supplier Portal Upload: Receive invoices uploaded by suppliers via the Supplier Portal.
  • AI-based Data Extraction: Use OCR and AI to extract header and line-level fields from documents.
  • Document Parsing: Classify files as invoices or not, PO or Non-PO.
  • Duplicate Detection: Detect and flag invoices with overlapping vendor, date, or amount.
  • Field Compliance Check: Check for missing or incorrect fields based on company policies.
  • Anomaly Detection: Analyze patterns to flag irregular amounts or vendor mismatches.
  • PO/GRN Matching: Execute 2-way or 3-way match using ERP-connected data.
  • Auto GL Coding: Auto-assign GL accounts based on historical data and rules.
  • Non-PO Invoice Classification: Categorize non-PO invoices for appropriate routing and handling.
  • Multi-Dimension Split: Split GL lines as per rules; enable user collaboration.
  • Approval Workflow Routing: Send to approvers based on role, region, or thresholds.
  • SLA-Based Escalation: Trigger alerts when SLAs are breached or approvals are stalled.
  • Audit Trail Logging: Record all approval steps for audit tracking and compliance.
  • Ad-hoc Requests: Enable manual addition or rerouting of approvers outside the default workflow.
  • Real-time ERP Posting: Push approved invoices directly into your ERP via API/SFTP.
  • Bulk Posting: Enable secure, encrypted batch posting to ERP via file-based uploads.
  • Error Handling: Log posting failures, enable correction, and support retry after fixes.
  • Status Sync: Sync payment and posting status from ERP back to AP system.

Tailor-Made Invoice Processing for Every Finance Leader

From managers to CFOs, HighRadius helps the entire AP team to achieve their targets.

Leave The Manual, Repetitive Work To Us

HighRadius empowers your team with Agentic AI to eliminate repetitive tasks, auto-resolve exceptions, and fast-track invoice processing—so you can focus on what really matters.

  • 90% Touchless Invoice Processing
  • 3X Faster Exception Resolution
  • 2X Lower Invoice Processing Cycle Time

Turn AP Into A Cash Flow Driver

HighRadius transforms AP from a cost center into a strategic lever with real-time data, discount capture, and complete control over working capital.

  • Real-Time Cash Flow Visibility
  • Capture More Early Payment Discounts
  • 100% Policy Adherence

Modernize Without Disruption

HighRadius offers ERP-native, API-first integration with minimal IT lift—so you can modernize AP workflows without disrupting your core systems.

  • Real-Time, Two-Way ERP Integration
  • Minimal IT Dependence & Scalable Architecture
  • Secure, Compliant, and IT-Friendly Deployment

Must-Have Resources For AP Automation Success

11 Global Payment Formats

AI: The Key to AP Automation –
A Forrester Prediction

Your AP process may look fine—but you can easily automate 90% of it. Get actionable insights to choose the right automation solution for your needs.

Download Whitepaper
Maximize Revenue: Step-By-Step Guide to Implementing an Automated Billing System

AP Vendor
Evaluation Template

Ready-to-use scorecard that highlights both key and overlooked features, enabling you to effectively compare AP solutions and select the optimal fit for your business.

Download Template
The Ultimate Guide to Adopting B2B Payment Processing Solutions in 2024

Ultimate Buyer’s Guide
for AP Automation

Spot hidden AP inefficiencies, choose tools with 90%+ automation, and cut processing costs by up to 50%.

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The Value of Automated Invoice Processing Software

90% Line Item Capture Rate
90% PO Invoices Automatched
100% Non-PO Invoices Auto-Coded
2X Lower Invoice Processing Cycle Time

Our Invoice Processing Software Integrates With 50+ ERPs & Systems

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What Is Automated Invoice Processing?

Automated invoice processing refers to the use of technology to streamline the capture, validation, and approval of supplier invoices without manual intervention. This invoice processing solution leverages advanced technologies like Optical Character Recognition (OCR), Artificial Intelligence (AI), and Machine Learning (ML) to extract invoice data, match it against purchase orders, and flag discrepancies for review.

The goal of automated invoice processing is to eliminate repetitive tasks, reduce errors, and enhance productivity within the accounts payable process. It allows businesses to optimize cash flow, ensure timely payments, and gain greater visibility into financial operations.

Automated credit scoring

From Automation to Autonomy: How Agentic AI Is Reinventing Invoice Processing Software

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Intelligent Ingestion, Not Just Data Extraction

Agentic AI goes beyond OCR and template-based parsing. It uses LLMs and machine learning to understand invoice formats—structured or unstructured—while validating against supplier master data, flagging duplicates, and adapting to new invoice layouts automatically.

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End-to-End Autonomy Across Invoice Lifecycle

From capture to coding, matching, exception handling, and approvals—AI agents coordinate independently to complete invoice processing workflows. For example, one agent extracts header-level data, another validates PO-GRN match, and a third triggers exception resolution or initiates coding, all without waiting for manual action.

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Self-Learning Exception Resolution

Agents learn from human override patterns and historical exceptions to improve decision-making over time. Whether it's quantity mismatches or tax discrepancies, the system evolves to resolve more exceptions automatically and with greater accuracy.

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Built-In Controls and Audit Readiness

Every agent-led action is logged, justified, and mapped to business policy. This ensures not just speed, but traceability and auditability—helping finance teams stay compliant while scaling operations.

Value Creation

From Manual to Autonomous—Real Bottom-Line Impact in 6 Months

With HighRadius' Agentic AI-powered AP automation software, invoice processing cycle time is 2X faster, and overall productivity improves by 40%.

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FAQs on Invoice Processing Software

What is invoice processing automation software?

Invoice processing automation software streamlines the accounts payable (AP) process by automating tasks such as invoice data capture, validation, approval routing, and payment processing. This technology leverages advanced techniques like Optical Character Recognition (OCR), Artificial Intelligence (AI), and Machine Learning (ML) to extract data from invoices.

It matches them with purchase orders and receiving documents and routes them through predefined workflows for approval. By automating these manual tasks, businesses can significantly reduce processing time, minimize errors, and improve overall efficiency within their AP department.

How much time can you save with automated invoice processing software?

The time savings achieved with automated invoice processing software can vary significantly depending on factors such as the volume of invoices processed, the complexity of the AP process, and the specific features of the chosen software. However, many businesses report a substantial reduction in processing time.

Studies have shown that organizations can typically reduce their invoice processing time by 50% or more through automation. This translates to significant time savings for AP staff, allowing them to focus on more strategic tasks such as vendor relationship management, financial analysis, and process improvement.

What are the problems with manual invoice processing?

Manual invoice processing has several challenges that can significantly impact efficiency and accuracy.

  • Time-consuming and labor-intensive: Manual data entry, verification, and routing are time-consuming and labor-intensive processes.
  • Prone to human error: Manual data entry and processing are susceptible to human error, leading to inaccuracies such as incorrect data entry, missed invoices, and miscalculations.
  • Slow processing times: Manual processes often result in slow processing times, leading to delayed payments, missed early payment discounts, and strained vendor relationships.
  • Limited visibility: Manual processes often lack visibility into the status of invoices, making it difficult to track progress, identify bottlenecks, and make informed decisions.
  • Increased risk of fraud: Manual processes increase the risk of fraud due to limited controls and the potential for data manipulation.

What is one strategy to improve invoice processing?

One of the most effective strategies to improve invoice processing is to implement invoice processing automation software. By automating key tasks such as data capture, validation, and approval routing, businesses can significantly enhance efficiency, accuracy, and speed within their AP department.

What should be the key things to consider when choosing invoice processing software?

When selecting invoice processing software, several key factors should be considered:

  • Data capture capabilities: The software should accurately capture data from various sources, including emails, PDFs, and EDI.
  • Matching capabilities: The software should effectively match invoices with purchase orders and receiving documents to ensure accuracy.
  • Workflow automation: The software should allow for the creation of customized workflows to route invoices for approval based on specific business rules.
  • Integration capabilities: The software should seamlessly integrate with your existing ERP system and other financial applications.
  • Reporting and analytics: The software should provide comprehensive reporting and analytics dashboards to track key performance indicators (KPIs) and gain valuable insights into AP performance.
  • Scalability and flexibility: The software should be scalable to accommodate future growth and flexible enough to adapt to changing business needs.
  • Vendor support and training: The vendor should provide excellent customer support and comprehensive training to ensure successful implementation and ongoing use.

What are the steps to implement an automated invoice processing system?

Implementing an automated invoice processing system typically involves the following steps:

  • Assess current processes: Analyze existing manual processes to identify pain points, bottlenecks, and areas for improvement.
  • Select and implement software: Choose a suitable solution based on your business needs and budget.
  • Configure the system: Configure the software to match your business processes and workflows.
  • Train employees: Train AP staff on how to use the software effectively.
  • Test and refine: Thoroughly test the system and refine processes as needed.
  • Monitor and optimize: Continuously monitor system performance, identify areas for improvement, and optimize processes over time.

What is the impact of invoice processing automation software on enterprise businesses?

Invoice processing automation software can have a significant impact on enterprise businesses by:

  • Improving efficiency and productivity: Automating manual tasks frees up valuable time for AP staff to focus on more strategic initiatives.
  • Enhancing accuracy and reducing errors: This minimizes human error, reduces the risk of fraud, and ensures accurate and timely payments.
  • Improving cash flow: Accelerates invoice processing, enabling businesses to take advantage of early payment discounts and improve cash flow.
  • Reducing costs: Reduces labor costs, minimizes the risk of late payment penalties, and improves overall operational efficiency.
  • Improving vendor relationships: Ensures timely vendor payments, strengthens relationships, and potentially unlocks better terms.
  • Enhancing compliance: Ensures compliance with internal controls and external regulations.
  • Providing valuable insights: Provides real-time data and insights into AP performance, enabling data-driven decision-making.

By implementing invoice processing automation software, enterprise businesses can significantly enhance their AP function, gain a competitive advantage, and drive overall business growth.

Accounts Receivable Solutions

Accounts Receivable | Automated Debt Collection | Cash Application Management | EIPP | Credit Risk Management | Automated Credit Scoring | Deduction Management | Electronic Invoicing | Order to Cash Solutions

Accounts Payable Solutions

AP Automation | Invoice Processing | Invoice Scanning & Capture | Invoice Coding | Invoice Approval | Invoice Matching | Invoice Management | Supplier Management | Supplier Onboarding | Dynamic Discounting

Financial Reconciliation & Close Solutions

Account Reconciliation | Financial Close | Bank Reconciliation | Balance Sheet Reconciliation | Payment Reconciliation | Transaction Matching | SOX Software | General Ledger Reconciliation | Journal Entry | Variance Analysis| Financial Consolidation | Financial Reporting

Treasury & Cash Management Solutions

Treasury Management | Cash Flow Forecasting | Cash Management | Cash Flow Management | Revenue Recognition | Liquidity Management

Resources

What Is Accounts Payable | Accounts Payable Process | Accounts Payable Reports | Accounts Payable Reconciliation | Managing Accounts Payable | Accounts Payable Audit | Accounts Payable Goals | Accounts Payable Internal Controls | Accounts Payable Department | Accounts Payable Automation ROI | Accounts Payable Workflow | Benefits Of AP Automation | What Is Invoice Processing | Three Way Invoice Matching | What Is Dynamic Discounting | Accounts Payable Vs Accounts Receivable | Accounts Payable Forecasting | Accounts Payable Metrics | AI In Accounts Payable | AP Automation ERP Integration

Ebooks, Templates, Whitepapers & Case Studies

AP Buyers Guide | AI in Accounts Payable Use Cases | AP Vendor Evaluation Template | AP Forrester Prediction | AP Automation Datasheet