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Al-led Accounts Payable Automation for Healthcare
Streamline processes, prevent fraud, and optimize vendor communications
Harness the Transformative Capabilities of Healthcare Accounts Payable Automation
Managing Accounts Payable in healthcare poses unique challenges, including high invoice processing times, non-PO invoice complexities, fraud risks, and time-consuming vendor communications. Leverage AP automation for healthcare to overcome these hurdles.
With Zycusโ Healthcare Accounts Payable Automation Solutions, ensure faster invoice processing, streamline non-PO invoice management, prevent fraud through anomaly detection, and automate vendor communication.
Zycus Merlin AIโs advanced capabilities help healthcare organizations to significantly reduce manual efforts, enhance efficiency, and mitigate the risks associated with accounts payable in healthcare. Elevate your financial processes with healthcare AP Automation.
Healthcare Accounts Payable Automation: Unique Challenges
High invoice processing cycle time
The large volume of invoices requires significant time to review, validate and process
Processing non-PO invoices
40-70% of invoices are Non-PO due to indirect spends/service invoices resulting maverick spending
Duplicate payments and fraud detection
Working with multiple vendors are prone to duplicate payments due to processing errors
Vendor communication
Hundreds of productive hours lost in replying to supplier queries
Explore Zycus AP Automation Solutionโ
AP Automation for Healthcare Enterprise
Faster Invoice extraction and Matching
- Achieve high STP with accurate data extraction of invoice headers and line items using Merlin AI
- Unlock unparalleled efficiency with an average 50% reduction in invoice creation time
Processing Non-PO Invoices
- Streamline Non-PO invoice processing with Merlin AI's automated cost allocation prediction for line items, reducing coding time and effort
- Merlin AI's auto training capabilities, allowing the system to continuously learn from invoice patterns and reducing the need for manual review and processing
Fraud Prevention
- Utilize automated anomaly detection technology to identify and prevent fraudulent payments by flagging vendors
- Implement AI-led scanning of every invoice to detect and flag potential duplicates, reducing the risk of overpayments
Vendor Communication
- Zycus AP Smart Desk uses NLP and ML algorithms to identify email types and extract relevant data and automates invoicing email processint
- Auto-replies to query emails and creates invoices for processing emails freeing up AP resources for strategic tasks
Healthcare Enterprises Trust Zycus
Zycus helped a leading North American healthcare enterprise streamline their AP processes
75%
Improved invoice processing time from 5 mins to 1.19 mins
33%
Improvement in line level extraction accuracy
50%
Reduction in number of clicks per invoice processesย
Our Marquee Clientele
Why Leading Enterprises Love Zycus!
North American health insurer achieves 98% accuracy in invoice data extraction with Zycus
Leading business solutions provider drives procurement efficiency with Zycusโ AI-powered solutions
Global automobile manufacturer transforms invoice processing with Zycus Merlin AI suite
Resources
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