Introducing Skalable Stream – The future of AI Powered Invoice Automation (Part 7 of 12)

In our previous post, we’ve explored the challenges faced by Accounts Payable departments, the benefits of automation, and the key features to look for in an invoice automation solution. Now, as we move forward, we’re excited to introduce you to a cutting-edge invoice automation solution that embodies all these essential features and more. In this 7th part of our series, we’ll be taking an in-depth look at Skalable Stream, a powerful and unique platform designed to revolutionize the way businesses manage their Accounts Payable processes.

Skalable Stream is a cutting-edge invoice automation solution designed to streamline and optimize Accounts Payable (AP) processes. With its powerful features, seamless integration with various Enterprise Resource Planning (ERP) systems, and AI-powered capabilities, Skalable Stream offers businesses a unique and efficient way to manage their invoice workflow.

Key features and capabilities:

1. Flexibility and customization: Skalable Stream is highly adaptable and can be tailored to fit the unique needs and processes of each client. This flexibility allows the solution to cater to a wide range of industries and business sizes, setting it apart from providers with more rigid, one-size-fits-all offerings.

2. Tight ERP integrations: Skalable Stream boasts tight integrations with popular ERPs like Dynamics 365, Netsuite, Sage Intacct, and COINS. These integrations enable seamless data flow, reduce manual intervention, and minimize disruption to existing IT infrastructure, making it an ideal choice for companies heavily reliant on these ERPs.

3. AI-powered features: The solution showcases advanced AI capabilities, such as the AI Stream Assistant and AI/ML-based GL prediction. These features leverage cutting-edge technologies to provide intelligent insights, automate tasks, and improve accuracy, helping companies save time, reduce errors, and make more informed decisions.

4. Reduced invoice cycle time: Skalable Stream significantly reduces invoice cycle times, allowing companies to process invoices faster and more efficiently. Case studies and concrete examples demonstrate the substantial time savings clients have achieved by implementing the solution.

5. User-friendly interface: Stream uses the same labels and terminology as the ERP system, reducing the learning curve for users. This familiarity allows users to quickly adapt to the new system and streamline their workflow.

6. SaaS application: As a Software as a Service (SaaS) application, Skalable Stream can plug into different ERP systems, providing flexibility for clients who may change their ERP in the future.

7. SOC 2 certification: Skalable Stream is SOC 2 certified, ensuring the highest level of security and data protection for its users.

8. Complex workflow processing: The solution can handle complex workflow processing, tailored to meet specific business needs and requirements.

Accounting-specific features for ease of use (based on the attached screen):

1. GL account prediction: Skalable Stream automatically fills in the GL account based on past history for specific vendors, saving time and ensuring accuracy in the accounting process.

2. Processor features: The solution offers various features for processors, such as Copy, Copy All, Split & Summarize, Route to User, Route to Approval, Creator Hold, Submit, User Delegate Recall, and Submit Recall, providing flexibility and control over the invoice processing workflow.

3. Approval and integration: Skalable Stream includes features like In App & Mail notifications, Approve, Reject, Delegate, Approver Hold, and Integration, streamlining the approval process and ensuring seamless integration with the ERP system.

4. Vendor profile: The solution allows users to utilize sample vendors, making it easier to test and demonstrate the system’s capabilities.

5. Create payment: Users can navigate to create a journal entry, settle transactions, mark necessary invoices, enter offset accounts, select payment methods, and post entries, all within the Skalable Stream interface.

What makes Skalable Stream unique:

Skalable Stream stands out from other invoice automation solutions by offering a combination of flexibility, tight ERP integrations, AI-powered features, and implementation expertise. The solution’s adaptability allows it to cater to diverse industries and business sizes, while its seamless integration with popular ERPs minimizes disruption and reduces manual intervention.

Moreover, Skalable Stream’s AI-powered features, such as the AI Stream Assistant and AI/ML-based GL prediction, provide intelligent insights, automate tasks, and improve accuracy, setting it apart from competitors. The solution’s proven track record of reducing invoice cycle times and its user-friendly interface further differentiate it in the market.

The company’s implementation expertise is another key differentiator, with a knowledgeable and experienced team, a proven methodology, and a focus on ensuring a smooth transition, rapid time-to-value, and long-term success for clients.

In conclusion, Skalable Stream is a powerful and unique invoice automation solution that combines flexibility, tight ERP integrations, AI-powered features, and implementation expertise to revolutionize the way businesses manage their Accounts Payable processes. Its ability to cater to diverse needs, streamline workflows, and drive efficiency sets it apart in the competitive landscape of invoice automation solutions.

Stay tuned for Part 8 of our series, where we will explore other areas of AI Invoice Automation.

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