Symbeo, Inc. launches latest solution for today’s AP challenges

Rhea-AI Summary

Symbeo, a CorVel company, has launched a new cloud-based AP invoicing platform aimed at enterprise and mid-market organizations. This innovative solution enhances automation, reduces invoice processing cycle times, and offers rapid startup with a proven ROI. Utilizing advanced optical character recognition (OCR) and deep learning technologies, the platform accurately extracts invoice data from various formats. It seamlessly integrates with ERP systems to enhance financial processes. Customers benefit from automated approvals and increased transparency, aligning with sustainability goals.

Positive

• Launch of a new cloud-based AP invoicing platform enhances automation.
• Reduces invoice processing cycle times and offers rapid startup.
• Utilizes advanced OCR and deep learning for accurate data extraction.
• Seamlessly integrates with ERP systems, improving financial operations.
• Increases customer experience with automated approvals and transparency.

Negative

• None.

New platform for enterprise and mid-market-size organizations drives invoice automation

PORTLAND, Ore., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Symbeo, Inc., a CorVel company, has launched a new version of its AP invoicing product that delivers on its promise of automation with reduced invoice processing cycle times, rapid startup, a proven ROI, and digital mailroom services for enterprise and mid-market organizations.

For decades, customers have trusted Symbeo to deliver automation with the blend of people, processes, and technology. Symbeo’s new product is cloud-based and built with powerful optical character recognition (OCR) capabilities and deep learning models, in order to swiftly and accurately extract invoice metadata for header and line item details. It works with attachments and invoices in all formats, including paper-based invoices, phone-captured images, scanned documents, and digital PDFs. End-to-end processing shares data with the customer’s enterprise resource planning (ERP) system, which eliminates redundancy during financial closing processes.

“Customers trust us to help manage their business with the right tools in order to develop a strong cash culture for growth and build toward an autonomous future. Our new product is revolutionary and blends best-in-class emerging technologies with our focused industry expertise. While our customer experience has improved, our commitment to accuracy, touchless automation, and turnaround time are unwavering.” — Tomika A. Russell, President of Symbeo

Symbeo’s latest solution contributes to a modern work environment with automated approvals, centralized controls, and the agility to quickly respond to environmental factors. Customers can grow their business, reduce cycle times, and manage transparency throughout the value chain.

About Symbeo
Symbeo helps businesses everywhere achieve true AP automation. As an industry leader for over 30 years, we remove the manual invoice processing burden with intelligent OCR, AI, and enhanced machine learning solutions that eliminate tedious functions and streamline the P2P ecosystem. In harnessing the power of automation, we create a paperless environment that helps our customers achieve sustainability goals and focus on what matters most. Learn more at symbeo.com or call us today at 888.722.6663.

Press contact: Melissa Storan
CorVel Corp.
Melissa_storan@corvel.com
www.symbeo.com

FAQ

What is the new product launched by Symbeo?

Symbeo has launched a new cloud-based AP invoicing platform for enterprise and mid-market organizations, enhancing automation and reducing processing times.

How does Symbeo's new platform improve invoice processing?

The platform uses advanced OCR and deep learning to swiftly and accurately extract invoice metadata, significantly reducing processing cycle times.

What are the benefits of Symbeo's AP invoicing platform?

Benefits include improved accuracy, automated approvals, seamless ERP integration, and enhanced transparency throughout the value chain.

What technology does Symbeo's AP invoicing product utilize?

The product utilizes cloud-based technology, optical character recognition (OCR), and deep learning models for efficient invoice processing.

Is Symbeo's new invoicing solution sustainable?

Yes, the solution contributes to a paperless environment, helping customers achieve their sustainability goals while streamlining operations.