Key Source of Value:

ORDER DIGITZATION, VALIDATION, AND ACKNOWLEDGMENT

• Reduction in time spent on manually entering POs, validating orders, and acknowledgment to the customer
• Manage by exception
• Foundation to enable price analytics and management

PRICE MEASUREMENT & ANALYTICS (Future Optimization)

• Visibility into impact of pricing initiatives and compliance
• Improved margin via optimization of pricing parameters such as promotional pricing, minimum order quantities, case pack sizing etc.
• Better product recommendations

ROBUST PRICE MANAGEMENT (Future Optimization)

• Differentiated / risk mitigated pricing by productcustomer segments
• Optimal pricing controls
• Better alignment between cost and price changes

Optic AI Benefits:

IMPROVED TEAM MEMBER MORALE

• Reduction in mundane tasks tends to improve morale of team members
• Shift in focus from repetitive transactional activities to higher-value and more meaningful work
• More emphasis on building relationship with customers vs. entering orders in the system

HIGHER CUSTOMER SATISFACTION

• Faster time to respond to customers
• More accurate order processing, which further improves customer satisfaction
• System can be linked to capture order status, which can keep customers up-to-date improving customer satisfaction

BUSINESS INTELLIGENCE – VISIBILITY INTO ENABLING ADDITIONAL CAPABILITIES

• System can be enhanced with additional capabilities and insights to drive more business value (Better Product Recommendations, Changes to Customer Order Patterns)
• More granular management of business (3 – 4 pricing levels, more targeted promotions, etc.)

Vendor Invoicing

Use Cases of AI in Vendor Invoicing

• Automated Invoice Processing: AI tools extract and validate invoice data, matching it against backend systems to ensure accuracy.
• Fraud Detection: AI flags anomalies in invoices, reducing the risk of overpayments or fraudulent transactions.
• Trend Analysis: By analyzing historical invoice data, AI identifies vendor pricing trends, helping companies negotiate better contracts.
• Approval Workflow Automation: AI routes invoices to the appropriate approvers, speeding up the decision-making process.

Benefits for Companies

• Cost Savings: AI reduces manual processing costs significantly, cutting expenses from $10–$15 per invoice to $1–$2 or less.
• Improved Accuracy: AI achieves over 95% accuracy in data extraction, minimizing errors.
• Faster Processing: Approval cycles are reduced from days to hours, ensuring timely payments and maintaining vendor relationships.
• Enhanced Insights: Companies gain real-time visibility into spending patterns, enabling data-driven decisions.

AI tools not only optimize invoicing but also empower businesses to make strategic financial decisions.
Would you like to explore specific AI solutions or implementation strategies?

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