Realize Your Vision with Automated Document Processing for Finance
By automating document processing, financial services entities gain a deeper understanding of crucial data and the ability to manage it optimally. AI-powered workflows generate productivity that makes scalability simple.
Rapidly capture and process large quantities of financial data with precision
What Sanad.ai Can Do in Finance ?
Documents We Handle
Invoices
Receipts
Bank Statements
Credit Card Statements
Tax Documents
Insurance Documents
Financial Reports
Contracts & Agreements
Purchase Orders
Expense Reports
Pay Stubs
Utility Bills
Extract, validate, and process accounts payable and receivable
Transform Your Financial Operations with Advanced Automation Solutions
Automated Document Processing for Finance
Maximize invoice and receipt management efficiency with less manual work and errors. Batch process at scale and automatically validate data with multi-format and reconciliation support.
Robust Compliance and Risk Management
Automate ID verification and real-time transaction monitoring for KYC and AML (Anti Money Laundering). Simplify compliance reporting with audit trails and regulation updates with no intervention.
Elite Fraud Detection Systems
Anomaly detection through behavioral tracking and analysis. Highly secure verification with document fingerprinting and image forensics for altered or tampered data sources.
Comprehensive Financial Reporting
Predictive analytics and trend analysis for strategic financial insights. Customizable dashboards for real-time data visualization of KPIs and metrics and easily exportable reports.
Easy ERP and CRM Integration
Enable real-time synching between our IDP and your financial systems and customize unique financial workflows. Get robust API connections for seamless data exchange without placing stress on your IT department.
Growth-Ready Scalability
Adaptable and customizable workflows match your demands at every turn without compromising on automation efficiency. Cloud and on-premise infrastructure means you always have the resources you need.
Which Financial Departments
Stand to Benefit the Most?
Accounts Payable (AP)
- Drastically improve manual data entry and processing time.
- Cut out errors in invoice processing and prevent costly mistakes.
- Scale easily to handle growing volumes without sacrificing performance.
Accounts Receivable (AR)
- Manage incoming payments more efficiently and accelerate cash flow.
- Deliver accurate record-keeping and reduce the risk of errors.
- Improve interactions with customers and vendors.
Financial Reporting and Analysis
- Facilitating more accurate and timely analysis.
- Better decisioning based on real-time data and trends.
- Reduce the time spent on data collection allowing analysts to thrive.
Compliance and Risk Management
- Automating KYC and AML processes helps adhere to regulatory requirements.
- Mitigate financial risks by identifying suspicious activities and preventing fraud.
- Maintaining audit trails and automating compliance reporting.
Procurement and Vendor Management
- Data extraction and management help manage orders more efficiently.
- Speedy processing of invoices boosts relationships with suppliers and payment cycles.
- Automated processing of contracts and agreements limits overheads and aids compliance.
Audit and Internal Controls
- Automate systems to simplify internal and external audits.
- Deliver accuracy and authenticity of financial documents.
Why Choose Sanad for Finance?
AI-powered Data Extraction
No serious financial institution can survive manual data entry errors and the wasted resources associated with it. Our AI accelerates data entry and handling, delivering efficiency so teams can focus on work that matters.
Excellent Scalability
It is no secret that traditional OCRs fall short when it comes to enterprise scalability. Our IDP possesses enterprise-grade infrastructure that adapts to growth demands, promising consistent performance and compliance.
Super Data Accessibility
Fragmented data sources present major blockages to processing. But Sanad.ai’s smooth integration with financial systems means comprehensive data extraction and management is improved exponentially.
Rock Solid Compliance Tools
Meeting shifting financial regulatory expectations without automation is costly and risky. Deploy accurate and rapid processing and comprehensive audit trails for all documents and fulfill obligations with ease.
Advanced Fraud Protection
Fraudulent activities can derail any organization and leave lasting damage. Sanad.ai accurately assesses risk regardless of document volumes to find anomalous data and stop fraud in its tracks.
FAQs
Sanad’s AI-powered workflows automate the extraction, validation, and processing of invoices, receipts, and payment data, drastically reducing manual entry errors and processing time. This improves cash flow management in AR and ensures timely, accurate invoice handling in AP.
Yes, Sanad automates key compliance tasks, including KYC (Know Your Customer) and AML (Anti Money Laundering) processes. The solution also maintains comprehensive audit trials and updates to regulatory requirements, helping your organization adhere to compliance with minimal effort.
Sanad handles a wide range of financial documents, including invoices, receipts, bank statements, credit card statements, tax documents, financial reports, contracts, purchase orders, expense reports, pay stubs, and more. This ensures that all crucial financial data is processed accurately and efficiently.
Sanad’s advanced fraud detection system uses AI to monitor transactions in real-time, identifying anomalies through behavioral tracking and document fingerprinting. This proactive approach helps prevent fraud by catching suspicious activities early.
For sure. Sanad’s infrastructure is designed to handle enterprise-scale document processing needs, ensuring consistent performance as your organization grows. The solution is adaptable to changing demands, offering cloud and on-premises options to match your scalability requirements.