Cloud-based accounting platform Accounting Seed has launched AI Invoice Capture, a new feature within its AP Automation offering that uses the latest artificial intelligence and predictive technology to streamline invoice processing and reduce manual accounts payable work.
AI Invoice Capture goes beyond basic optical character recognition by learning from previously processed invoices. It predicts how to populate key fields—such as general ledger expense account, product, and project—based on historical behavior, ensuring consistency and reducing time spent on data entry.
“AI Invoice Capture represents a major leap forward in making finance teams more efficient,” Ryan Sieve, chief technology officer at Accounting Seed, said in a statement. “Unlike traditional OCR tools that simply extract text, our feature applies AI to understand patterns and predict coding behaviors. It’s not just reading the invoice—it’s thinking through how to record it accurately.”
On average, finance teams spend more than 500 hours annually on manual AP tasks. AI Invoice Capture improves efficiency by:
- Automating invoice intake and coding.
- Reducing labor costs and manual errors.
- Accelerating processing for improved cash flow.
The feature combines capturing fields (like amount and date) with predicting fields (based on learned user behavior), creating a smarter and more efficient AP workflow, Accounting Seed says.
“AI Invoice Capture continues to learn from your business over time, automating more of the invoice process with each use,” said Mary Balmer, vice president of product at Accounting Seed. “By reducing repetitive data entry, it frees accountants to spend less time validating information and more time analyzing what matters.”
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