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OCR is gone, hire Rio

Hire Rio for your AP workflows to automate tasks, boost efficiency and reduce errors. Rio seamlessly integrates with your ERP system and your procurement team to ensure timely, compliant payments every time. Say goodbye to manual processes and hello to a more streamlined, reliable approach to AP management.

 

 

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Reduce manual errors and inefficiencies


Rio for AP's AI-powered data extraction and validation eliminates manual data entry, ensuring accurate invoice processing from the start. This technology automatically reads, validates, and standardizes invoice data using to prevent costly mistakes.

Accelerate approval workflows


With Rio for AP's automated approval system, invoices are instantly routed to the right approvers based on predefined workflows, cutting down on delays and helping businesses take advantage of early payment discounts.

Improve invoice and PO matching


Rio for AP ensures seamless integration with your ERP, automatically matching invoices with POs and receipts in seconds. This real-time matching reduces the risk of discrepancies and improves overall efficiency in your accounts payable processes.

Enhance flexibility in handling exceptions

Rio for AP’s intelligent exception handling automatically flags any discrepancies or issues and routes them to the appropriate stakeholders for quick resolution. This streamlined approach ensures that exceptions are addressed efficiently without slowing down the overall invoice processing workflow. 

 
 
Rio Invoice Processing

Gain Full Visibility into Invoice Processing

Rio for AP offers real-time, end-to-end tracking of invoices through live dashboards. This gives teams complete transparency into the status of each invoice, helping them stay informed and quickly address any issues that arise during the approval or payment process..

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CUSTOMER SUCCESS STORIES

  • Suncor Accurals

    CANADIAN INTEGRATED ENERGY COMPANY

    By implementing the SAP Business Technology platform and ConvergentIS Procurement Gateway for Invoice to Pay solution, the company has significantly increased the efficiency of invoice processing.

Frequently Asked Questions

How does an AI accounts payable analyst differ from a human accounts payable analyst? An AI accounts payable analyst automates repetitive tasks like invoice processing, payment scheduling, and error checking, freeing up human analysts to focus on vendor relationships and financial strategy.
What types of tasks can Rio automate? Rio can handle tasks such as invoice data extraction, matching invoices to purchase orders, identifying discrepancies, processing payments, and generating financial reports.
How does Rio help with cost management in accounts payable? Rio reduces costs by identifying duplicate or erroneous payments, optimizing payment schedules to take advantage of early payment discounts, and minimizing manual processing errors.
Can Rio ensure compliance with financial and regulatory requirements? Yes, Rio can automatically validate invoices and payment processes against company policies and regulatory standards, flagging potential compliance issues for review.
How does Rio improve transparency in accounts payable? Rio centralizes and updates accounts payable data in real-time, providing stakeholders with accurate, up-to-date visibility into payment statuses, outstanding invoices, and cash flow.
Will Rio replace accounts payable analysts entirely? No, Rio is a tool that enhances efficiency by automating routine tasks, enabling accounts payable analysts to focus on strategic initiatives such as cash flow optimization, vendor negotiations, and process improvements.
What return on investment (ROI) can I expect from implementing Rio? Rio reduces costs through error elimination, faster processing times, and improved cash flow management, leading to measurable efficiency gains and financial savings.
How does Rio adapt to changing business needs? Rio can adjust payment priorities based on business goals, vendor terms, or cash flow constraints, ensuring alignment with organizational objectives.
Is Rio scalable?

Yes, Rio can easily scale to handle an increasing volume of invoices, vendors, and payment complexities as your organization grows.

 
What level of integration is needed to implement an AI accounts payable analyst? Rio integrates seamlessly with existing ERP systems and accounting platforms, ensuring compatibility and a smooth implementation process.

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