Skip to content
Aavenir Atlas early access is open Contractflow on the ServiceNow Store since 2019 Runs on ServiceNow, or standalone ProcureTech100 2025/26 Pioneering Digital Solution ISO/IEC 27001:2022 certified, SOC 2 Type 2 compliant

Event · October 31, 2022

Webinar recap: fixing invoice processing glitches with AI

Highlights from the Aavenir session on invoice review, matching and supplier collaboration. By Pranjali Singh.

All News Schedule a Demo

The session

On October 19, 2022, Aavenir hosted a webinar on the problems that slow invoice processing for accounts payable, procurement and legal teams, and how AI assisted automation addresses them. The discussion covered long review and payment cycles, spend leakage and compliance risk.

The problems teams raised

The panel described a set of issues most finance teams will recognize:

  • Little visibility into which invoices are pending, approved or paid
  • Spend leakage from overpayments, missed early payment discounts and incorrect coding
  • Invoice fraud and audit risk
  • Strained supplier relationships from late payments and slow resolution of discrepancies

Invoice data extraction and invoice review came up as the two biggest bottlenecks, because both still depend on people reading documents and typing.

What the panel recommended

The speakers argued that faster and more accurate processing needs automation that reads invoices and claim documents as they arrive, catches errors and duplicates early, and shows approval status to everyone involved. Auditing invoices against the contract, using two and three way matching with purchase orders and receipts, was singled out as the way to stop paying more than was agreed.

They also stressed the supplier side: clear communication about invoice status and disputes keeps relationships healthy, and dashboards for accounts payable performance measures help teams see where the delays are.

Where Invoiceflow fits

Invoiceflow applies these ideas today. Aavenir AI extracts invoice data, matches each invoice to its purchase order, receipt and contract terms, and flags duplicates and overbilling for an accounts payable specialist to decide. Read more about invoice to contract compliance, or schedule a demo to see it on your own invoices.

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.

Schedule a demo

See your contracts run on one record.

  • 1 A 30 minute walkthrough Built around your team, whether that is procurement, legal, IT or finance.
  • 2 Your contracts, not ours Bring a few sample agreements and watch Aavenir AI extract and review them.
  • 3 ServiceNow or standalone We show the deployment that fits the systems you already run.

Prefer to talk first? Contact the team.