Banking & Financial Services
Invoice Processing Automation
Straight-through processing for accounts payable, with human review reserved for genuine exceptions.
The problem
- Invoices arrive across email, portals and paper with no consistent format
- Three-way matching is manual and stalls on small discrepancies
- Duplicates are caught after payment, during reconciliation
- Approval chains are untracked, so early-payment discounts lapse
How Mimasa solves it
Confidence-Scored Extraction
Line items, tax fields and vendor details are extracted with a confidence score, so only low-confidence documents reach a human.
Automated Three-Way Match
Purchase order, goods receipt and invoice are matched automatically, with tolerance rules configured per vendor.
Exception Routing
Mismatches open an owned task with the full document context attached, routed to the right approver.
Audit Trail By Default
Every extraction, override and approval is recorded against the invoice for statutory audit.
The workflow
- 1Ingest invoices from mail, portals and scanned uploads
- 2Extract and validate fields against vendor master data
- 3Run duplicate detection and three-way match
- 4Route exceptions to owners; auto-post clean invoices
- 5Write results back to the ERP with a full audit trail
Outcomes
Straight-through
Processing for clean invoices
Faster close
Accruals are known, not estimated
Fewer duplicates
Caught before payment
Want this running on your data?
Talk to the Mimasa team about a scoped pilot on your own systems.
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