While analyzing the project’s health, PMO needs high levels of visibility into project costs to take necessary corrective or preventive measures. Many PMOs continue to struggle with disparate project management tools and lack visibility into the actual project costs.
Companies use ServiceNow Project Portfolio Management (PPM) to perform resource planning, ﬁnancial planning and track the progress of programs and projects portfolio. Organizations can use the capabilities of Aavenir Invoiceﬂow to automatically extract invoice data from multi-page invoice documents and manage invoice approvals using digital workﬂow and Artiﬁcial Intelligence (AI) on ServiceNow.
The integration automates data entry of invoice header and line items into ITBM PPM, including invoice No#, invoice amount, vendor information, purchase order, expense type (Capex/Opex), and invoice line items.