In order to assist businesses in automating invoicing and streamlining payments, the AI-based end-to-end solution Clear Capture has reportedly been introduced by the Indian fintech startup Clear.
Teams in charge of payments will be free to concentrate on simplifying fraud detection and automating the submission of purchase invoices. Thanks to Clear Capture, an enterprise AP team can instantly validate incoming invoices. The use of technology will speed up the invoice entry process.
The business claims to have surveyed Indian businesses and evaluated some of the challenges associated with handling accounts payable. Two of them are the fact that 80% of respondents still use a lot of paper-based solutions and that AP teams spend an excessive amount of time comparing invoices to purchase orders and other data.
When there are more bills arriving, there are also numerous mistakes that occur.
The CEO and creator of Clear, Archit Gupta, has stated that reconciling bills is a “first step” in a company’s efforts to enhance compliance.
Indian individuals and businesses may benefit from financial simplification thanks to Clear, the country’s leading FinTech SaaS company.
