Lighthouz AI
Supercharge your AR and AP Operations
Description
Lighthouz AI provides AI-driven solutions designed to optimize Accounts Payable (AP) and Accounts Receivable (AR) processes for businesses. By leveraging specialized AI agents, the platform aims to improve cash flow and profit margins through increased speed and accuracy in financial operations while minimizing costs. It seamlessly integrates with existing technology stacks, including TMS, Payment Platforms, ERPs, and WMS, ensuring a smooth transition without requiring tool replacement.
The system focuses on automating critical tasks within AP, such as verifying carrier Proof of Delivery and freight rates, and managing discrepancies by coordinating with relevant parties. For AR, it automates invoice creation, submission via customer portals or email, and handles payment reminders and follow-ups. This automation frees up significant time for finance teams, allowing them to shift focus from manual, tactical work to more strategic initiatives.
Key Features
- AI-Powered Proof of Delivery Verification: Automatically verifies carrier POD documents.
- Automated Freight Rate Verification: Checks freight rates against agreements.
- Invoice Discrepancy Resolution: AI agent coordinates with brokers/carriers to fix errors.
- AI Invoice Creation: Automatically generates invoices based on relevant data.
- Automated Invoice Submission: Submits invoices through customer portals or email.
- Automated Payment Reminders: Sends follow-ups to ensure timely payments.
- Seamless Tech Stack Integration: Connects with existing TMS, ERP, WMS, and payment platforms.
Use Cases
- Automating Accounts Payable in supply chain finance.
- Streamlining Accounts Receivable processes.
- Improving cash flow management through automation.
- Reducing manual data entry and verification for accounting teams.
- Ensuring accuracy in freight invoicing and payments.
- Accelerating invoice submission and payment collection cycles.
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