Clear, one of India's leading fintech SaaS firms, today announced the launch of ClearCapture, an AI-based end-to-end solution for enterprises to streamline their accounts payable journey. The tool allows the Accounts Payable team of enterprises to automate purchase invoice entry and detect non-compliant and fraudulent invoices coming from their suppliers. Clear Capture empowers an enterprise AP team by automatically validating all their incoming invoices and extracting the invoice data to bring over 90 per cent automation into their invoice booking process. Its AI-based data extraction technology cuts the invoice entry time from ten minutes per invoice entry to a few seconds. With Clear Capture, the company expects to digitise and validate 75 million purchase invoices with an average invoice value of Rs 50,000 (£538) in three years.
