Intelligent Account Assignment & Approver Identification (FIS / edc)

The FIS / edc (invoice matching and posting technology for SAP) supports a machine learning function that assists with the classification of FI (PO exempt) invoices.

For accounts payable processes, FIS offers intelligent account-assignment and approver identification. Machine learning is used to establish an automated account assignment algorithm.

The technology identifies the correct approver and forwards the invoice for approval – based on previous experience of the vendor invoice.

Key Benefits

• Prediction of Account Assignment for FI Invoices based on previous invoice posting in SAP.
• Automatic population of account assignments and approval fields in SAP.
• More automated processing of incoming vendor invoices