InvoiNet offers an automated reconciliation platform for consumer‑goods companies that processes large volumes of invoices and payment remittances. Using RPA, the solution captures payment data from multiple channels, matches it to invoices, updates the ERP in real time, and classifies deductions, while continuous monitoring eliminates manual effort for accounts receivable and treasury teams.
Funding
Funding not disclosed
Founders
Product
Problem
Consumer goods companies often handle large volumes of invoices and payment remittances with limited accounts receivable staff, leading to manual, time‑consuming reconciliations and delayed cash application.
Solution
InvoiNet provides an automated reconciliation platform that integrates with a company’s ERP to capture payment data from multiple channels, match it to invoices, and post the results without manual intervention. Robotic Process Automation extracts payment details from remittance advices, updates payment dates, and records reconciliations directly in the ERP. The system classifies deductions such as discounts, returns, and taxes, and generates detailed reports for the AR and treasury teams. Continuous monitoring and configuration by InvoiNet’s support team ensure the workflow remains reliable, allowing staff to focus on strategic collection and liquidity tasks rather than routine data entry.
Target Audience
Primary customers are accounts receivable and treasury departments of consumer goods companies in Latin America that process high invoice volumes with limited staffing.
Features
- RPA‑driven capture of payment and invoice information from diverse client channels
- Automatic matching of payments to invoices with real‑time ERP updates
- Identification and classification of deductions (discounts, returns, taxes)
- Generation of reconciled payment reports and export files for ERP posting
- Continuous platform monitoring and configuration by InvoiNet’s support team
- Scalable solution trusted by over 40 Latin American consumer‑goods companies