AI Powered Invoice Processing

As organizations seek to cut costs and improve efficiency, leaders are examining functions across the enterprise for potential streamlining. Has invoice processing—highly manual and therefore costly as well as error-prone — come under scrutiny for your organization yet?

Quality also impacts the throughput and accuracy of payables. How does human error affect invoice processing at your company?

Most activities in invoice processing are still carried out manually, particularly due to the necessity of clarifying frequent exceptional cases (“exception handling”).

The KPMG difference

KPMG AI Powered Invoice Processing (AIPIP) extracts all invoice information and processes it with our AI models, which use your existing historical data. New, unrecognized invoices can be processed and verified via our user-friendly interface.

More than 80 compliance checks help to route invoices for automatic processing, or point accountants directly to possible issues. These checks also route invoices to be displayed in the user interface for exception handling. The KPMG approach helps organizations increase their booking quality, reduce the risk of incorrectly processed invoices, and speed up exception handling.

AIPIP also enables your accounts payable staff to engage in value-add activities, such as process optimization. In addition, the service reduces the need for skilled workers in invoice processing, thus addressing the shortage of skilled labor.

Potential benefits of KPMG AIPIP

Maximum automation
Improved compliance
Rapid implementation
Minimally invasive integration

Predictable costs
Fast return on investment
Flexible as-a-service model to meet changing needs

How it works — a phased approach

Vision

KPMG professionals work with your team to create a common vision of the AIPIP transformation.

Validate

The KPMG team aligns the project proceedings, validating prerequisites, developing an integration strategy, and further defining how AIPIP will be delivered.

Construct

In this phase, the KPMG team implements and customizes the AIPIP service to your needs.

Deploy

KPMG professionals conduct UAT (user acceptance testing), user training, and activate the initial deployment of AIPIP.

Evolve

In the evolve phase, the solution is live and the KPMG team segues to hypercare mode, working on change requests and learning knowledge management. We also aid your team in transitioning to business as usual with AIPIP.

Transform your payables

Tailored AI models trained on client-specific ERP with posting data to maximize automation rates

Predictive reasoning that assigns general ledger accounts, tax codes, cost centers/units, approvers, and PO references

80+ compliance checks that proactively flag potential accounting and compliance issues

Streamlined integration with minimal impact to your IT architecture

As-a-service model, providing predictable and scalable monthly costs and ongoing innovation

Scalability to accommodate your business growth

Option to use integrated KPMG workflow or your established workflow tool

Why KPMG?

KPMG offers a unique approach, along with deep domain knowledge.

Built on decades of experience in finance process optimization, AIPIP combines automation, data, and controls knowledge to address real business challenges — from invoice posting to cash flow management.

With embedded AI capabilities, the AIPIP solution automates preventive and detective checks within SAP and enterprise resource planning (ERP) environments. The typical outcomes are tangible: your organization could reduce manual effort by up to 80%, improve accuracy rates by more than 90%, and shorten invoice cycle times typically from nine days to just four days.

Beyond technology implementation, KPMG provides an extensive transformation journey: process redesign, governance set-up, change management, and the opportunity for continuous performance improvement through analytics dashboards.

Working with leading technology providers (SAP, Microsoft, and Google Cloud), KPMG delivers scalable, secure, and compliant deployments customized to your ERP landscape.