Invoice validation is a time consuming and often manual process for any company. For legal departments, the challenge of managing, reviewing, and approving invoices from outside counsel can be overwhelming. The seemingly endless volume of both paper and digital invoices means that your legal talent spends more time on tasks relating to billing and less time on identifying and mitigating risks to your company. Multiple systems designed to cut through the confusion often lead to more chaos.
Onit’s InvoiceAI combines the power of artificial intelligence and machine learning with existing enterprise legal management rules to more accurately and efficiently process invoices. Onit’s AI modules focus on looking “between the rules” for further insights and savings. A cloud-based artificial intelligence software, InvoiceAI can review historical data to find potential missed savings, provide real-time invoice error detection, and analyze how current vendors and bill reviews are performing.