Scrypt AI Uses Machine Learning and Artificial Intelligence to Process Over $1B in Invoices
Summary
Scrypt AI, a machine learning and artificial intelligence-driven Treasury Management-as-a-Service platform startup, has announced that its Integrated Payables and Receivables platform has now processed thousands of invoices worth over $1B to its clients, saving its clients 10 to 15 times the former cost of manual accounts payable workflows. Scrypt AI’s intelligent invoice coding solution utilizes machine learning and AI automation to add and manage invoice payments within most popular enterprise resource planning software platforms—solving a critical challenge within the payables component of treasury management. Whether businesses receive invoices digitally or in the mail, Scrypt AI can help them automate payables at a time when they need it most. Scrypt AI easily integrates with existing ERP systems, such as property management software Yardi’s Voyager, and can automatically identify and match an invoice to the appropriate payment account. Scrypt AI is dedicated to removing friction from document management and financial accounting tasks and seamlessly integrates with deposit and payment imaging solutions as well as third-party ERPs and eSign products.