AppZen Autonomous AP
Kofax AP Agility
Kofax ReadSoft Online
Hyland OCR
AI platform purpose-built for AP
AI maturity
Mature, 6+ years, patented technology
Nascent, basic ML
Nascent, basic ML
Nascent, basic ML
Processes invoices without templates
100% AI, no templates, AppZen AI automatically learns changes in invoice formats and languages
Creates and maintains templates for each supplier, tedious, error-prone and manual
Creates and maintains templates for each supplier, tedious, error-prone and manual
Creates and maintains templates for each supplier, tedious, error-prone and manual
Delivers touchless processing for 80% of AP inbox invoices
Processes invoices fast, from days to minutes
Accurately predicts GL codes and cost centers for non-PO invoices
Audits 100% of invoices and checks duplicates against T&E, P-Cards, and GL data prior to vendor payment
Checks each invoice for debarred suppliers prior to payment
Ready to use on day one with pre-built AI models trained on 100M+ invoices
Ability to learn fast and change AI predictions by learning from 2-3 user feedback samples
Does not require suppliers to use a supplier portal and e-invoicing