Routable has unveiled a new AI-powered feature—predictive bill coding—enhancing its comprehensive accounts payable (AP) automation platform. Introduced at the Sage Future conference in Atlanta, this new feature is set to transform how finance teams process invoices by minimizing manual intervention and improving overall operational efficiency.
Routable announces predictive bill coding after Sage Future conference.
New feature enhances touchless invoice processing through AI and ML.
Predicts invoice codes, even for non-PO invoices, down to line items.
System learns from user corrections to improve prediction accuracy.
Builds on existing OCR and PO matching solutions for AP teams.
Follows earlier innovations like AI-powered invoice fraud detection.
Routable's latest advancement brings predictive capabilities to invoice coding, leveraging machine learning to streamline the entire bill processing cycle. The solution inherits codes from purchase orders for PO-backed invoices and predicts them for non-PO invoices—right down to individual line items. This shift empowers accounts payable teams to move from manual data input to a quick review model, improving speed and accuracy.
"The promise of OCR has long been unfulfilled, leaving finance and accounting professionals feeling discouraged. With the latest advances in AI and machine learning, Routable is able to not only deliver on that promise, but also take it further," said Omri Mor, CEO and Co-founder of Routable. "Predictive coding revolutionizes how AP teams process bills, shifting the work from manual data entry to review for a near touchless experience."
Routable’s system is designed to learn from its users. If the predicted coding is inaccurate, teams can make adjustments that are fed back into the machine learning model, enabling continuous improvement. Similarly, OCR errors can be corrected and retrained, making the system smarter with every interaction.
This rollout builds on Routable’s previous AI enhancements, such as invoice fraud prevention using generative AI and machine learning to identify anomalies and reduce risk.
"As we move into a new era of work, I'm constantly looking for partners who think ahead," commented Brandt Kucharski, CAO at Ethos. "Routable continuously pushes the innovation envelope, and the newest AI features are no exception. Predictive coding picks up where OCR leaves off, for a fully automated invoice capture and processing experience."
Routable continues to set the pace in AP automation by combining intelligent invoice capture, fraud protection, and compliance safeguards with robust AI solutions—cutting manual payment tasks by up to 80% and offering up to 30% cost savings for enterprises.
Routable automates Accounts Payable with invoice capture and processing, flexible payment options, and seamless vendor management - reducing manual payment tasks by 80%. The platform eliminates compliance headaches through invoice fraud prevention, detailed audit trails, and vendor risk checks. All with an average savings of 30%. AP Automation, solved.
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