Symbeo

OVERVIEW

Symbeo is a cloud technology and services company providing global invoice-to-pay solutions for large organizations. Symbeo dispels the myths of antiquated products and best practices and serves the enterprise with true, modern and touchless automation for accounts payable. It goes beyond automation to address unique nuances and real-world problems. Symbeo helps accounts payable evolve into a strategic intelligence hub that positively impacts critical functions of the organization.

With nearly 30 years in business and 20 years focused completely on accounts payable, Symbeo has become the gold standard invoice automation solution in the global P2P ecosystem. Learn to love the invoice again.

Since 2012, our partnership with Coupa illuminates our mission to enable the e-Commerce environment and make paper invoices perform like an ‘e-invoice’.

  • Global automation solutions for accounts payable
  • Scanning, data capture, PO matching, Business rules
  • Manual invoices made touchless
  • Supports einvoicing; all invoices flow to Coupa

SOLUTION

Symbeo’s InvoiceReady for Coupa extends and complements Coupa’s Procure-to-Pay solutions, allowing enterprise organizations to transform their AP process and move toward an electronic invoice solution all while receiving significant cost savings - fast. We bridge the gap between paper and electronic invoices to make Coupa’s solution work even better so you can love the invoice again!

Symbeo

Key Features

  • Rules Engine: AI, machine learning and RPA in conjunction with 300 AP-specific rules that validate, automate and route invoices for approval
  • Intelligent Capture: 99.5% accurate invoice data performed by technology and people
  • Process Management: Operators review and attempt to resolve every process exception
  • PO Matching Services: PO Line and Header Matching services free AP staff from manual work
  • Global Reach: Intelligent Automation services applied to international invoices, allows global centralization
  • Digital Mailroom + Pre-Processing: Transform all invoices into complete and voucher-friendly data for Coupa and ERP

HIGHLIGHTS

Over 250,000 invoices processed daily

99.5% SLA guaranteed data capture accuracy

80-90% straight-through invoice automation

"Our vision is shared with Coupa’s vision for the future as far as paperless procurement, paperless processing, cutting down on manual touch points, cutting costs, turning AP into more of a profit center as opposed to a cost center."

— Duncan McFarlene, Account Executive, Symbeo

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