FAQ

Contexture is a cloud-based, AI-powered accounts payable automation solution.

We work with mid-sized and enterprise clients to:

• process PO invoices, non-PO invoices, and subcontractor invoices more efficiently and accurately
• extract and match invoice and PO line items
• deliver 2-way or 3-way matching with POs and shipping documents
• confirm invoices are sent from approved vendors
• create automated workflows to handle invoice exceptions
• centralize and speed up invoice approval processes
• automate ERP updates to pay invoices faster
• provide a complete audit trail and flexible document retention to improve compliance

What makes us unique is that we configure Contexture to fit clients’ existing AP processes and workflow, provide industry-leading accuracy (data extraction and matching), and connect directly to your ERP.

Contexture AP Automation benefits companies that have:

• a high volume of invoices
• numerous suppliers
• complex accounts payable processes
• time-consuming regulatory demands
• a desire to free up their finance teams to focus on more strategic activities that drive growth

We work with clients across multiple industries – construction, manufacturing, real estate, retail, and others.

Contexture delivers the following benefits:

• Improved efficiency and accuracy: Automating data entry, invoice matching, and approval workflows reduces manual errors and speeds up processing times.
• Cost savings: By minimizing manual work, reducing errors, and decreasing the need for paper and storage, automation can significantly lower the cost per invoice.
• Better visibility and control: Real-time data and analytics provide insights into the AP process, allowing for better cash flow management and forecasting.
• Enhanced compliance and security: Automated systems can enforce compliance with internal policies and regulatory requirements, and audit trails improve transparency and reduce the risk of fraud.
• Stronger vendor relationships: Timely and accurate payments, facilitated by automation, lead to improved vendor satisfaction and can potentially unlock early payment discounts.
• Time savings for staff: Automating routine tasks frees up AP staff to focus on more strategic and value-added activities, such as financial analysis and vendor relationship management.
• Scalability: Automated systems can handle increasing volumes of invoices without requiring proportional increases in staff.
• Faster approvals: Electronic routing and notifications speed up the invoice approval process, reducing delays.
• Reduced risk of fraud: Automated systems can detect duplicate invoices and suspicious activities, helping to prevent fraudulent payments.
• Improved cash flow management: Automation helps optimize payment timing and can enable the capture of early payment discounts.

Contexture intelligently captures and extracts data from invoices, maps to your unique workflows, automates approvals, and connects to your ERP systems, reducing human intervention. This results in faster processing times, improved accuracy, and significant cost savings.

Yes, Contexture is multi-tenant, cloud-based platform that allows secure access from anywhere.

Contexture differentiates itself from other AP automation solutions as follows:

• Service beyond software: The Contexture team will map out your goals and current AP processes to ensure that we deliver an AP automation solution that is tailored to your needs – and works the way you expect it to.
• Fits your existing AP workflow and ERP: Contexture fits your existing AP workflow and ERP. No changes are required.
• 99.5% accuracy with human verification: Contexture combines leading AI and automation technologies with human verification to deliver our 99.5% accuracy guarantee.
• Reliable 3-way matching: Contexture automatically matches and validates invoices with POs and shipping documents. This ensures only approved invoices get paid.
• Line-item matching: Contexture digitizes all line items on multi-page invoices and ensures they match PO line items.
• Vendor list matching: Contexture protects your business from risks of phishing and fraud by ensuring only invoices from approved vendors get paid.
• Deployment and scalability: Contexture can be deployed very quickly with no additional infrastructure costs. Our AP Automation system can scale to meet your business needs.
• Control and flexibility: With Contexture, you retain full control, and we tailor the system to satisfy your complex internal business processes.
• Built-in AI: Contexture uses the latest AI, automation, and cloud technologies to deliver industry-leading accuracy, security, and flexibility.
• Works with PO and non-PO invoices: Contexture automates data entry for all invoice types (e.g., PO invoices, non-PO invoices, sub-contractor invoices, utilities, etc.).
• Fast turnaround and unmatched accuracy: Not only does Contexture automate invoice processing lightning-fast, our accuracy is unmatched. If the system detects any exceptions (i.e., invoices that are missing required data), we will flag them for your team to review and follow up.
• Low-cost implementation: Contexture implementations are low-cost and we work closely with your team to ensure timely deployments.
• Flexible ERP integration options: Contexture can connect directly to your financial and purchasing systems (whether cloud-based, on-premises, or hybrid). Or, if you prefer, we can create automated import files to streamline updates and eliminate double data entry.

ROI varies, but most clients see significant reductions in processing time and costs, along with fewer errors and improved vendor relationships.

Pricing is based on your specific needs and usage. Contact us for a personalized quote.

Please visit our Contact Us page, or email us at sales@contexture.tech.