Invoice and payables/receivables reconciliation with AI
Know if an invoice is payable or receivable, match it to the contract and never overpay. See how AI organizes finance straight from your documents.
Finance at many companies runs on spreadsheets and memory: someone types each invoice, decides whether it's payable or receivable and hopes it matches the contract. It's slow and error-prone. AI solves it straight from the document.
The first decision: payable or receivable?
The same invoice can be a payable (you're the customer) or a receivable (you're the supplier) — it depends on your company's point of view. Getting this wrong flips your cash flow. An AI with your company context decides correctly by looking at who issued it and who received it.
Matching the contract avoids overpaying
A lot of waste comes from paying an amount different from what was agreed. Reconciling means comparing the invoice with the contract that generated it:
- Does the amount match what was agreed?
- Is the reference month correct?
- Is there a duplicate charge?
What to automate
- Automatic reading of the invoice (issuer, recipient, amount, due date).
- Payable/receivable classification by company context.
- Link to the contract and a mismatch alert on the amount.
- A due-date radar so you neither pay late nor forget a receivable.
Do it in DocsSmart
DocsSmart reads invoices (including fiscal XML), sets the direction by your company context, reconciles against the contract and flags mismatches and due dates on the Radar. Create your account and organize finance from your documents.
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