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      This enterprise is adopting AI enabled automation to simplify invoice data extraction and credit determination, improving accuracy and consistency while reducing manual effort and compliance risks.

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      The challenge

      Vendor invoices received by an enterprise are required to be booked in ERP and credit eligibility is determined at the same time. Post that purchase register is extracted and proceeded with for GST compliances. The AP, finance and tax teams are required to undertake the following steps: 

      Manually extract data from the electronic/physical copy of the vendor invoices

      Determine credit eligibility basis review of invoices 

      Extract purchase register and undertake compliances

      This process was manual, time‑intensive, inconsistent, and dependent on individual judgement – creating challenges for tax and finance teams managing large volumes of data.

      The opportunity

      KPMG in India has re-imagined the entire process using GenAI, enabling faster, sharper, standardised and consistent decision making. Our AI‑enabled approach supports end‑to‑end assistance by

      • Extracting and validating the data from vendor invoices through AI enabled invoice reader
      • Determination of eligibility of credit based on specific parameters for the enterprise
      • Enhancing the quality of data resulting in higher credit availment and working capital benefits
      • Delivering significant time and cost efficiencies in GST compliance

      The outcome

      AI‑powered augmentation has helped achieve:

      Faster and efficient extraction of data

      Higher accuracy in extraction of data from different formats of invoices

      Consistency on eligibility of credits

      Reduced individual discretion based decision making
       

      Enhanced the credit available
       

      Key Contact

      Rahul Kashikar
      Rahul Kashikar

      Partner, Head - Tax Technology and Transformation I Partner - Corporate International Tax

      KPMG in India