Enterprises could be losing up to 1% of their payments without knowing

We built a unique AI powered platform to help you catch those errors

solution

Our solution combines our operational expertise of more than 20 years in payable processes with the power of artificial intelligence.

Our solution combines our operational expertise of more than 20 years in payable processes with the power of artificial intelligence.

Even enterprises with skilled finance professionals make mistakes due to high volume and computing errors. This mean companies processing 100 millions a year could lose up to 1 million.

Most common errors are duplicate payments, over-payments and under deductions, especially for companies with large number of transactions. They can not be entirely eliminated by typical controls.

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artificial intelligence

We have developed and incorporated a unique and already trained neural network algorithm in a solution that is easy to use, completely customizable on client needs & volume, complemented by preventive features to help enterprises worldwide better manage their profit loss and protect against fraud. Artificial intelligence is disrupting diverse industries, but enterprises are projected to benefit the most out of incorporating these systems in the next couple of years according to industry analysts.

We have developed and incorporated a unique and already trained neural network algorithm in a solution that is easy to use, completely customizable on client needs & volume, complemented by preventive features to help enterprises worldwide better manage their profit loss and protect against fraud. Artificial intelligence is disrupting diverse industries, but enterprises are projected to benefit the most out of incorporating these systems in the next couple of years according to industry analysts.

security

A solution vetted by enterprise cyber security experts. Due to the increased number of various attack vectors, we supplemented security layers with more complex and more punctual solutions, developed alongside the core of the platform, making sure your information is never at risk. Driven by process improvement, incorporating the unique PAID technology and used on a continuous, preventive basis will allow better control expenditure, fraud defense and increase profitability for your enterprise.

A solution vetted by enterprise cyber security experts. Due to the increased number of various attack vectors, we supplemented security layers with more complex and more punctual solutions, developed alongside the core of the platform, making sure your information is never at risk. Driven by process improvement, incorporating the unique PAID technology and used on a continuous, preventive basis will allow better control expenditure, fraud defense and increase profitability for your enterprise.

how it works

Click on each process below to find out more about the whole process.

Hotspots Background

Data integration and consolidation – We are consolidating the customer’s data both quantitative and qualitative. Our solution can process different types of files with the possibility to customize the structure.

Business context integration – We offer the possibility to add new criterias or to create new modules based on the business needs of our clients.

Machine learning algorithm – Our ML engine processes the data and provides outcomes with a significant higher accuracy.

Review of result – The visualisation of the outcome is customised to ensure maximum efficiency of the analysys.

Reporting – We propose to our customers a set of KPI’s for visualising the added value of using our solution, also we give them insights on their own process.

BENEFITS FOR CLIENTS

Higher Accuracy

30% more accurate

Higher true errors detection rate

Faster Analysis

40 hours gained

Average on a monthly basis by our customers

Lower Leakage Risk

~1M EUR saved

for each 100M€ of payments

Less Operational Effort

50% less effort

Reduction in effort for detection, correction and reporting

services

AUDIT

Duplicates detection performed by the PAID team on already paid invoices

Success Fees: % of the duplicates discovered

LICENCE

Cloud solution used for ongoing payments duplicate detection

Fixed license fees depending on the number of invoices

our clients

SG
GCN
LYXOR

contact us

Thank you for your interest in PAID. We’ll get back to you on any queries you might have in the shortest time possible.