Invoice Processing Agent

Deloitte’s AI-enhanced Invoice Processing Workflow can transform the way invoices are managed, helping ensure efficiency, accuracy, and compliance across the entire lifecycle. This solution leverages intelligent agents to automate and optimize each step, from invoice receipt to archival.

Key Steps and Enhancements:

Invoice Receipt: AI monitors inboxes and portals, classifies invoice types, and initiates intake automatically.

Invoice Data Extraction: AI uses OCR and NLP to extract structured data from unstructured formats with high accuracy.

Vendor Validation: AI auto-matches vendor data and flags mismatches or missing fields.

Invoice Validation: AI applies validation logic and learns from past corrections to improve accuracy.

Duplicate Invoice Check: AI uses fuzzy matching and historical patterns to detect duplicates even with slight variations.

PO Matching (2-way/3-way): AI performs intelligent matching, tolerates minor discrepancies, and suggests resolutions.

Tax Calculation: AI applies tax logic dynamically and flags inconsistencies or missing tax data.

Currency Conversion: AI fetches real-time rates and applies conversion automatically.

Compliance Check: AI checks against policy database and flags violations or exceptions.

Exception Handling: AI categorizes exceptions, suggests resolution paths, and routes to the right person.

Approval Workflow: AI learns routing patterns and escalates delays or bottlenecks.

Booking to ERP: AI auto-codes GL entries and ensures compliance with booking rules.

Payment Scheduling: AI optimizes payment timing to balance cash flow and discount opportunities.

Supplier Notification: AI generates and sends status updates automatically, reducing inquiries.

Archival & Audit Trail: AI tags and indexes documents for easy retrieval and audit readiness.

Benefits:

Operational Efficiency: Reduces manual effort and accelerates processing times.

Accuracy: Enhances data extraction and validation accuracy.

Compliance: Determines adherence to policies and regulations.

Supplier Relationships: Improves communication and payment timeliness.

By embedding AI into routine tasks, Deloitte’s solution not only boosts productivity but also frees up human talent for strategic innovation. It’s a future-ready platform that brings together AI, automation, and human oversight into a cohesive, high-impact solution.

This professional service utilizes Amazon Bedrock, Bedrock Agents, Strands Agents, Lambda and OpenSearch.