InvoiceIQ
Accounts Payable Automation & Invoice Processing for Enterprise Finance Teams
AI-driven, enterprise-grade invoice capture, intelligent GL coding, and multi-level approval workflows. Reduce manual processing time and errors — and achieve 75% touchless invoice processing.
85%+
Accuracy digitizing global paper invoices out of the box
90%
Reduction in payment delays, missed credits & duplicate payments
75%
Touchless invoice processing — no human intervention required
Capabilities at a Glance
End-to-End Intelligent AP Automation
InvoiceIQ orchestrates the entire accounts payable workflow — from invoice ingestion to approval — using AI bots that learn and adapt continuously.
Statement Credits Audits
Automatically identifies and digitizes credit memos from vendor communications, then reconciles and applies them to vendor accounts once approved.
Auto-Code Invoices & SOWs to GL Accounts
Assigns correct GL account codes to invoices and SOWs. When confidence is low, routes items to an accountant for coding — ensuring accurate GL classification without disrupting the AP workflow.
Intelligent Accounts Payable Processing
Digitizes multilingual and multi-format scanned invoices with automated 3-way matching against POs and goods receipts — minimizing delays, errors, and cash flow disruptions without BPOs.
Auto-Reply Invoice & Payment Status Queries
Digitizes invoice data, validates against payment dates from master data or contracts, and automatically responds to vendor payment status inquiries.
Intelligent AP Service Desk
Manages the AP inbox — understanding vendor requests, auto-responding, and triggering appropriate workflows. Eliminates 90% of errors from duplicate invoices and missed credits.
AI Risk Scoring & Fraud Detection
Approval risk scoring, intelligent duplicate detection, and contract discovery for non-PO invoices — alerting approvers to high-risk items before payment.
InvoiceIQ is available on the SAP Spend Management Marketplace — certified for enterprise AP teams running SAP environments. Real-Time Learning
Gets Smarter With Every Invoice
When invoices are complex or fields are unrecognized, InvoiceIQ routes them to an exception queue. Once a business user corrects the data, the AI bots learn from the correction — continuously improving accuracy without IT involvement.
- Closed-loop learning from every human correction
- Adapts to new vendor formats automatically — no reconfiguration
- Accuracy improves over time without IT intervention
Global Capabilities
One Global Invoice Intake Point — 18+ Languages
InvoiceIQ supports 18+ languages across Asia, Europe, and the Americas. Image-level language detection means invoices no longer need to be sorted by mailbox or BPO. Country-specific date, currency, and amount formats are normalized automatically.
- Multi-locale: handles country-specific date and amount formats
- Any invoice format: PDF, image, XML, CSV, CXML, XLS, custom
- Elastic auto-scaling handles month-end and quarter-end volume spikes
- Outputs structured data in CSV, CXML, XML, JSON, XLS, or custom formats for downstream ERP and AP systems
Security & Compliance
SOC 2 Type II — Built for Enterprise Security
InvoiceIQ is deployed as a secure SaaS application aligned with SOC 2 Type II standards. Your financial data stays protected at every step.
- Dedicated VPC and compute infrastructure — not open to the public internet
- All data encrypted at rest and in-flight
- Shared-nothing deployment — private cloud and on-premise options available
- Data retention configurable to customer requirements
Supported Platforms 
FAQ
AP Automation — Frequently Asked Questions
Common questions from AP Managers, Finance Controllers, and CFOs evaluating InvoiceIQ.
What is AP automation software?
AP automation software — also called accounts payable automation software — uses AI to automatically capture, process, and route invoices — eliminating manual data entry, reducing payment errors, and accelerating the accounts payable cycle from invoice receipt to approval. InvoiceIQ goes further with real-time learning that adapts to new vendor formats without IT involvement.
How does touchless invoice processing work?
Touchless invoice processing uses AI bots to automatically capture invoice data, validate it against purchase orders and contracts, assign GL codes, and route for approval — all without human intervention. InvoiceIQ achieves 75% touchless processing rates, meaning only 25% of invoices require any human review, typically for complex or exception cases.
What ERP systems does InvoiceIQ integrate with?
InvoiceIQ integrates with SAP, Oracle, NetSuite, and other major ERP systems via APIs, file exchange, and screen automation. Prebuilt connector bots are available for the most common enterprise systems. InvoiceIQ is also available on the SAP Spend Management Marketplace, making it a certified choice for SAP environments.
How accurate is AI invoice processing out of the box?
InvoiceIQ achieves 85%+ accuracy digitizing global paper invoices from day one, without requiring extensive configuration or training data from your specific vendors. Accuracy continuously improves through real-time learning as your team reviews exceptions.
What languages and invoice formats does InvoiceIQ support?
InvoiceIQ supports 18+ languages across Asia, Europe, and the Americas, with image-level language detection enabling a single global invoice intake point. For formats, it processes PDF, image, CXML, XML, CSV, XLS, and custom formats on input, and outputs to any format expected by downstream ERP or AP systems.
How does InvoiceIQ prevent duplicate payments?
InvoiceIQ’s intelligent risk management bots automatically detect duplicate invoices before they enter the payment workflow, alerting the AP team and blocking processing. This duplicate detection, combined with payment delay reduction and missed credit recovery, contributes to the 90% reduction in payment errors reported by InvoiceIQ customers.
Does InvoiceIQ support 3-way PO matching?
Yes. InvoiceIQ automatically performs 3-way matching — validating each invoice against the corresponding purchase order and goods receipt before routing for approval. Mismatches are flagged and routed to the appropriate reviewer, preventing overpayments and ensuring compliance with procurement policies.
See InvoiceIQ in action with your own AP workflows
Book a 30-minute demo and we’ll show you exactly how InvoiceIQ handles your invoice formats, ERP environment, and approval workflows.
Book a DemoOur team will be in touch within one business day.