TCO Calculator
for Processing Invoices

Enterprises receive vendor invoices and receipts in various formats, including scanned images and machine-readable PDFs. Processing these documents manually is time-consuming and prone to errors.

Each invoice must be reconciled individually, with accurate verification of sales tax or value-added tax (VAT) calculations. Discrepancies or exceptions can result in financial inconsistencies and compliance risks. Using AI, each document is automatically validated, discrepancies are flagged, and invoices are routed through predefined workflows for review and approval ensuring timely, accurate, and compliant financial record-keeping.

TCO with Existing Solution

If your organization uses a legacy invoice processing system likely based on decades-old OCR technology. It may deliver only 80% accuracy and require heavy manual review.

TCO with AI-based Solution

Modern AI systems, including LLMs, extract and validate key invoice details such as amounts, tax info, payment terms, and approval status. Industry benchmarks show top systems achieve 92% accuracy (±2%),(can be increased up to 98%).

Generic AI based solution’s inability to point exact errors, still forces manual verification.