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Product update · January 25, 2023

Invoiceflow Winter Release brings supplier collaboration to accounts payable

A supplier portal, touchless processing and better reporting. By Pranjali Singh.

The announcement

Aavenir announced the Winter Release of Invoiceflow, its accounts payable automation app, available on the ServiceNow Store. The release focused on two things: faster invoice approvals and better collaboration with suppliers.

Jesal Mehta, founder and CEO of Aavenir, said the release introduces “self-service supplier portals, which will accelerate invoice processing.” The portal extended the framework first built for supplier onboarding, so suppliers use one place to register, submit invoices and check payments.

What is in the release

  • Split invoice processing. AI detects several invoices inside one PDF and splits them by page, so the team processes each invoice on its own without splitting files by hand.
  • Touchless processing. Rule based extraction, mapping and approval for invoices that meet your criteria, with no manual step.
  • Better invoice search. A redesigned list with custom filters, sorting, grouping and hidden columns.
  • New dashboard reports. Spend broken down by vendor, status and whether the invoice has a purchase order, plus overdue invoices by age, so managers can clear backlogs in the right order.
  • Bulk actions. Reassign many invoices to another user at once, or reject a batch with a standard comment.
  • Duplicate and reviewed status. Mark an invoice as a confirmed duplicate so it drops out of the working list.
  • Extraction flag. Update field mapping without running extraction again.
  • Self service supplier portal. Suppliers submit invoices and ask about payments in one place, which cuts errors and exceptions.

Smaller improvements

The release also upgraded search on the invoices screen, made fields editable for approvers and kept the vendor name a user corrected after AI extraction, so the same fix is not needed twice.

Invoiceflow today checks each invoice line against the contract that governs it. See invoice to contract compliance.

About Aavenir

Aavenir is an enterprise contract intelligence platform for procurement, legal, IT, finance, and sales teams. Aavenir AI reads every agreement an enterprise has signed, Aavenir Atlas answers questions across the whole portfolio, and its apps act on contract terms from sourcing to payment, natively on ServiceNow or standalone. About Aavenir.

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