Financial Services Automation With Invoice Data Extraction

Supercharging Financial Services Automation with Lightning-Fast Invoice Data Extraction & Smart Validation

Illustration of automated invoice data extraction using AI in financial services, showing a robotic arm processing invoices on a computer, symbolizing ECM and AP automation with ShareDocs Enterpriser and PayXtract.

Why Speed Alone Isn’t Enough when it comes to Accounts Payable Automation

In the ever-evolving world of finance and compliance, speed alone isn’t enough. Modern enterprises demand accuracy, intelligence, and compliance from their digital workflows. At Hridayam Soft Solutions, we've taken this challenge seriously—by deeply integrating our intelligent invoice engine, PayXtract, with our flagship Enterprise Content Management (ECM) platform, ShareDocs Enterpriser, to create a truly end-to-end solution for invoice data extraction and financial services automation.

🧠 Invoice Data Extraction That’s Fast, Accurate & Smart

We’ve redefined invoice data extraction. The AP process begins in ShareDocs Enterpriser, where users upload an invoice. Instantly, the document is pushed to PayXtract, our AI-powered engine that extracts all key fields—invoice number, date, vendor name, GSTIN, total amount, and line items—within 6 seconds, achieving up to 98% accuracy.

This rapid automation accelerates financial services automation and eliminates the delays caused by manual data entry.

🛡️ Beyond Extraction: Built-In Invoice Validations & GST Compliance

But we didn’t stop at extraction. The system also performs smart validations in real-time. Here’s what sets us apart:

l ✅ GST Compliance Checks: The system verifies GST numbers, tax splits, and invoice format to ensure that every invoice meets Indian GST norms.

l 🔄 Dynamic Business Rule Engine: Configure validations based on your finance policies—e.g., matching PO number, invoice date checks, duplicate invoice detection, TDS validation, etc.

l 🚫 Auto-Rejection or Flagging: Non-compliant invoices are flagged or auto-rejected, reducing the burden on finance teams.

Now, invoice data extraction and invoice validation are two sides of the same coin—both contributing to robust financial services automation.

🔄 The Seamless AP Workflow: ShareDocs + PayXtract

Let’s break down how it works:

1.     Invoice Upload in ShareDocs – AP initiators upload invoices via web or mobile.

2.     Automatic Push to PayXtract – Seamlessly integrated via API.

3.     Instant Invoice Data Extraction – Key fields are extracted and sent back to ShareDocs.

4.     Validation Engine – GST checks and custom rules run in real time.

5.     Auto-Fill & Next Steps – Fields are prefilled for approval, or errors are flagged for correction.

6.     Audit-Ready ECM Trail – Every action is logged, versioned, and stored.

This integration not only accelerates your AP cycle but also ensures regulatory compliance, which is crucial in modern financial services automation.

🏢 Why This Matters to Enterprises

In today’s hybrid and remote working environments, enterprises need:

l Speed ✅

l Accuracy ✅

l Compliance ✅

l Scalability ✅

With ShareDocs Enterpriser, you don’t just get an ECM platform—you get a central hub for document-centric automation. Combine that with PayXtract’s invoice data extraction and validation power, and you have a serious tool for cutting operational costs and improving governance.

📈 The Results: What Our Clients Are Experiencing

Organizations using our solution are:

l Reducing invoice turnaround time by over 70%

l Achieving 100% digital audit trails for AP

l Catching duplicate/fraudulent invoices before they reach finance

l Scaling from 1,000 to 50,000+ invoices/month without hiring extra staff

This is financial services automation in action—smart, scalable, and built for India’s regulatory environment.

 

💡 Final Thought

Invoice data extraction alone isn’t enough anymore. You need intelligent validation, GST compliance, and a workflow engine that ties it all together. With ShareDocs Enterpriser and PayXtract, your organization is ready to embrace the future of financial services automation—with precision, power, and peace of mind.

Book demo today - https://sharedocsdms.com/contact 

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