TRAILD is an integrated accounts payable solution that automates invoice processing and approval workflows while providing real-time anomaly detection to mitigate payment fraud and errors. By enabling finance teams to auto-approve low-risk invoices and flag high-risk ones, TRAILD enhances financial control and significantly reduces manual workload by up to 85%.
Funding
Funding not disclosed
Founders
Product
Problem
Many finance teams still rely on manual processes for accounts payable, leading to inefficiencies, errors, and increased risk of fraud. Keying in invoices, chasing approvals, and reconciling documents consume valuable time and resources. Traditional AP automation solutions may streamline invoice processing but can inadvertently increase risks and diminish oversight.
Solution
TRAILD is an integrated accounts payable automation solution that streamlines invoice processing and approval workflows while providing real-time anomaly detection and supplier verification to mitigate payment fraud and errors. The platform leverages AI and machine learning to automate manual AP processes, such as invoice data extraction, coding, and reconciliation. TRAILD enables finance teams to triage their AP workload, allowing low-risk, matched invoices to auto-approve while flagging high-risk invoices and providing approvers with the information needed for greater internal control. Deep, real-time integrations with leading accounting systems and ERPs eliminate manual workarounds and ensure seamless data synchronization.
Target Audience
TRAILD is designed for finance teams in businesses of all sizes that are seeking to automate their accounts payable processes, reduce manual workloads, and improve financial controls.
Features
- AI-powered invoice processing with machine learning for accurate data extraction and classification, even for complex or handwritten invoices
- Supplier verification using network knowledge to identify potentially fraudulent or incorrect supplier invoices
- Automated two- and three-way matching to purchase orders, subcontracts, and receipts for enhanced accuracy
- Always-on AI anomaly detection to monitor invoices and payments for errors, fraud, and unusual activity
- Streamlined approval paths with automated multi-level approval workflows
- Executive payment review, providing full visibility within batch payments before authorization
- Real-time, two-way data synchronization with leading accounting systems and ERPs, including Acumatica, SYSPRO, Epicor, IFS, MYOB, and Xero
- Customizable GL code assignment based on predefined rules and user interactions, with the system learning from past corrections