MyiQ.Ai

Getting supplier invoices read, coded and into your ERP without typing them in is the job MyiQ. Ai handles.

It is an AI invoice automation tool for finance teams that extracts data from invoices and passes it into your accounting system.

The listed processing speed is 1000 invoices per minute, which matters mostly if you deal with large monthly volumes.

Ai reports a 60% ROI, 11x productivity gains, and real-time visibility and reporting on what has been processed.

It also points to better accuracy and compliance, which is the part an auditor will care about.

Plug and play ERP integration is part of the pitch, though you should expect some initial setup and configuration before it runs cleanly.

Results depend on the quality of your invoice data, so messy scans will cost you accuracy.

Your team may also need some training to use every feature.

Those figures are the vendor's own claims, so test them on a sample of your real invoices first.