How does Nimbello's proprietary algorithm handle complex multi-line invoices for PO matching?
Nimbello utilizes a unique algorithm that automatically pairs each line on an invoice to the appropriate purchase order line, even for large, multi-line invoices. This process, known as pairing, identifies which PO line is being billed, followed by matching to verify quantity and price, ensuring accuracy and efficiency.
What is the role of the 'Iverson' agentic AI workflow engine in Nimbello's AP automation?
Iverson is Nimbello's agentic AI workflow engine that eliminates bottlenecks in the AP process by integrating directly with your ERP system. It drives touchless invoice processing, provides real-time insights, and contributes to a faster, more accurate month-end close by automating various workflow steps.
Can Nimbello integrate with a custom or less common ERP system, or is it limited to the listed examples?
Nimbello supports integration with any ERP system, not just the commonly listed ones like SAP, Oracle, or Microsoft Dynamics. It is designed to seamlessly pair vendor and invoice data regardless of your specific ERP, ensuring broad compatibility.
How does Nimbello ensure that invoices requiring review or correction are not overlooked in the automated workflow?
If invoice lines do not match their corresponding purchase order lines, the payment is automatically put on hold, and your accounting team is notified to review the invoice. Approvals and notifications are routed automatically based on your predefined workflow, ensuring no invoice is left unaddressed.
Beyond basic data extraction, how does Nimbello's Intelligent OCR technology improve over time?
Nimbello's Intelligent Optical Character Recognition (OCR) technology not only scans and verifies invoice data but also uses machine learning to continuously improve its accuracy and performance over time. This means the system becomes more efficient and precise with each invoice processed.