For competitor: Corcentric, context: Procurement and AP

InvoiceRunner: The Superior Choice for AP Automation Over Corcentric

Transform how your business manages invoice processing with InvoiceRunner's seamless automation capabilities, offering higher accuracy and time savings.

10+
Hours saved per week
99.2%
Extraction accuracy
5 min
Setup time
80%
Cost reduction
1M+
Invoices processed
Seconds
Per invoice processing

The Invoice Processing Challenge in Procurement

Managing invoices efficiently is a common struggle for many organizations, especially in the realm of procurement and accounts payable (AP). Teams often grapple with manual data entry, which is both time-consuming and prone to errors. According to a study by Aberdeen Group, organizations spend an average of $16 to process a single invoice, primarily due to labor-intensive procedures. These inefficiencies can hinder cash flow management and strain relationships with vendors due to delayed payments.

InvoiceRunner is specifically designed to tackle these challenges head-on. By employing advanced AI technology, InvoiceRunner automatically monitors your email for invoice attachments, extracts key data effortlessly, and seamlessly integrates with popular accounting software. This unique approach saves you significant time, drastically reduces human error, and enhances overall workflow efficiency.

Once businesses implement InvoiceRunner, they notice a remarkable transformation. In fact, many users report saving an average of 10 hours a week on invoice processing tasks alone. This newfound efficiency not only improves the accuracy of financial reporting but also empowers teams to focus on strategic initiatives rather than tedious data entry.

The Invoice Processing Struggle

Common challenges faced every day

  • Manual data entry leads to errors and inconsistencies.
  • Inability to track invoice status effectively, resulting in delayed payments.
  • Difficulty in maintaining vendor information and reconciling accounts.
  • High costs associated with processing each invoice.
  • Risk of duplicate payments due to oversight.
  • Inefficient collaboration between AP, procurement, and vendors.

How InvoiceRunner Transforms Your Workflow

Purpose-built invoice automation

  • Automated email monitoring for invoice attachments, ensuring no invoices are missed.
  • AI-driven data extraction that eliminates the need for templates and reduces errors.
  • Real-time syncing with major accounting software, streamlining the entire payment process.
  • Automated math validation to catch calculation errors before they can impact your finances.
  • Duplicate invoice detection that safeguards against overpayments.
  • Vendor matching features that keep your vendor records accurate and organized.

Why Choose InvoiceRunner

Tangible benefits that impact your bottom line

Save 10+ Hours Weekly

Automate tedious data entry tasks and focus on strategic initiatives.

99.2% Extraction Accuracy

Our AI technology allows for almost flawless data extraction, minimizing errors.

Prevent Duplicate Payments

Avoid costly mistakes with built-in duplicate invoice detection.

Seamless Accounting Sync

Integration with leading accounting platforms for streamlined processes.

5-Minute Setup

Get started with minimal effort and immediate results.

Scale Without Adding Staff

Process more invoices with the same team, reducing operational costs.

Powerful Features

Everything you need to automate invoice processing

Email Inbox Monitoring

Monitor Gmail or Outlook 24/7 for invoice emails.

Never miss an invoice.

AI Data Extraction

Extract vendor, dates, amounts from any format.

No templates required.

Math Validation

Verify calculations before syncing.

Catch errors automatically.

Accounting Software Sync

Sync to Xero, QuickBooks, etc.

One-click sync.

Duplicate Detection

Check for duplicate invoices.

Prevent costly errors.

Vendor Matching

Match to existing vendors.

Keep vendor data clean.

How Businesses Use InvoiceRunner

Real scenarios from users like you

Streamlining a Growing Startup

A small tech startup utilized InvoiceRunner to manage their growing number of vendor invoices efficiently.

Example: They transitioned from manual entry to automated processing, saving over 15 hours per week.

Improving Accuracy for a Manufacturing Firm

A mid-sized manufacturing company faced challenges with invoice discrepancies, affecting vendor relationships.

Example: With InvoiceRunner's AI extraction, they achieved a 99.2% accuracy rate, vastly improving their payment timeliness.

Scaling Operations for an E-Commerce Business

An online retail business needed a solution to handle increasing invoice volumes without expanding their team.

Example: InvoiceRunner allowed them to process five times as many invoices with their current staff.

Enhancing Collaboration in a Consulting Firm

A consulting firm struggled with communication between AP and procurement, leading to delays.

Example: InvoiceRunner streamlined the workflow, allowing both teams to access invoice statuses in real-time.

Get Started in 5 Minutes

InvoiceRunner is designed to work with your existing tools

1

Connect Your Email

Link your Gmail or Outlook account securely.

2

Connect Your Accounting Software

Connect to your accounting software with one click.

3

Invoices Are Processed Automatically

InvoiceRunner extracts data automatically.

4

Review and Approve

Draft bills appear for your review.

Works With Your Existing Tools

Seamless integration with popular platforms

Gmail
Outlook
Xero
QuickBooks Online
Zoho Books
FreshBooks
Sage Business Cloud

What Our Users Say

InvoiceRunner has transformed our accounts payable process! We've cut down our time spent on invoices dramatically.
SJ
Sarah J.
Finance Manager, TechWave Solutions
The AI capabilities of InvoiceRunner are simply unbeatable. We are processing invoices much faster and with far fewer errors than ever before.
MT
Michael T.
CFO, Manufacture Co.

Frequently Asked Questions

How long does it take to set up?

Most users are up and running in under 5 minutes.

What invoice formats are supported?

PDF, images (JPG, PNG), and scanned documents.

Is my data secure?

We use bank-grade encryption and never sell your data.

What if the AI makes a mistake?

All invoices are created as drafts for your review.

Which accounting software do you support?

Xero, QuickBooks, Zoho Books, FreshBooks, and Sage.

Can I try before I buy?

Yes! 10 free extractions, no credit card required.

Ready to Automate Your Invoices?

Join businesses saving hours every week with InvoiceRunner.

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Stop Wasting Time on Invoice Data Entry

InvoiceRunner automates the tedious parts of accounts payable.

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10 free extractions
Setup in 5 minutes
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