accounts_payable · workflow
Basware SmartCoding uses machine learning to automate non-PO invoice coding
Finance teams face long processing times and exception-handling burdens from non-PO invoices that lack automated coding, and these challenges grow with increasing invoice volumes.
How it works
Common implementation structure
How this type of workflow is generally built, generalized across documented cases — not tied to any one vendor's stack. Click any stage to read what happens there. Specific products that implement these stages appear in “Tools commonly seen” below.
Stage 1 · Non-PO invoice arrives
Invoices not linked to a purchase order or a payment plan enter the system for coding.
Tools used
Basware SmartCoding
Outcome
SmartCoding reduces the number of touches on invoices by automating coding proposals and alleviates the strain of exception handling for non-PO invoices.
Results
Volumereduce the number of touches on invoices
Grounding & classification
Source type: generic use case
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document classificationpredictive analyticsinvoicetools describedworkflow describedautomation ratecycle time reductiongeneric use caseaccounts payableinvoice processingdocument to recordextract classify route