Applexus InSITE – AI Powered Invoice Automation Now Available on SAP® Store
By integrating with SAP S/4HANA®, Applexus InSITE delivers an end-to-end automated vendor invoice processing solution to customers
Seattle, WA — February 11, 2021 — Applexus Technologies today announced that Applexus InSITE, the company’s new vendor invoice processing solution, is now available on SAP® Store, which recently merged with SAP App Center as the single digital marketplace for SAP and partner offerings. Applexus InSITE integrates with SAP S/4HANA® and delivers an end-to-end automated vendor invoice processing solution to customers.
Accounts payable (AP) is a substantial part of the enterprise procure-to-pay lifecycle. Despite a business’ size, a robust accounts payable process is critical to upscale its financial performance. Generally, the conventional processes involves multifarious risks such as incorrectly keying in invoices data to digital accounts systems. Invoice fraud and replication, exception handling and multistage approval processes can also slow down the payment cycle.
Applexus InSITE helps to solve all these critical challenges in the conventional and partially-automated accounts payable process. It is a next-generation, AI-powered accounts payable automation solution that offers end-to-end invoice processing with automated exception handling and approval workflows. In addition, Applexus InSITE comes with a pre-set, guided configuration that makes user adoption and training easier so that business users can significantly reduce IT team dependency.
Applexus InSITE helps improve the AP team's productivity with its simple and intuitive user experience integrated with SAP S/4HANA. The solution also helps ensure exceptional ROI with capabilities like intelligent invoice assignment, duplicate checks and fraud prevention.
Applexus InSITE caters to your organization’s day-to-day vendor invoice processing needs such as:
- Intelligent data extraction with AI-based, self-learning capabilities to improve data accuracy levels
- Intelligent invoice duplicate inspection to detect duplicate invoices at an early stage without going through the entire workflow
- Automated exception handling and multi-level approval with rule-based email notifications
- Multi-channel access and approval of invoices to facilitate invoice access from any location via smartphone, tablet or desktop
- Easy substitution management for automated workflow approvals to improve the invoice processing turnaround time
- Fraud, abuse and waste prevention features with smart business rules
SAP recently brought together SAP Store and SAP App Center into one single marketplace at store.sap.com. It delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 1,800 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated partner apps they need to grow their business. And for each purchase made via SAP Store, SAP will plant a tree.
Applexus Technologies is a partner in the SAP PartnerEdge® program. As such, it is empowered to build, market, and sell software applications on top of market-leading technology platforms from SAP. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.
About Applexus Technologies
Applexus is a 15-year implementation and co-innovation SAP partner focused exclusively on the retail industry with a long history of e-commerce and in-store solutions live in many stores today.
Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC), including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.
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