Kloo

The Problem:
Finance teams constantly face issues with manual data entry errors and inaccuracies in standard ERP and accounting systems. Approval workflows are often complex and time-consuming. A lack of real-time visibility into company spend leads to late payments, straining supplier relationships and resulting in incomplete audit trails. This labour-intensive process hinders productivity, focusing efforts on administrative tasks rather than strategic activities.

The Solution:
Kloo’s Accounts Payable-as-a-Service proposition delivers AI-powered automation to make finance teams more efficient, reduce costs and increase control. Our advanced AI technology autonomously manages AP workflows, leveraging real-time financial data and insights to optimise spend. Kloo’s core modules supercharge AP processes from procure-to-pay:

Automated invoice management
Our touchless invoice processing is enhanced with OCR, machine learning, and advanced AI for data extraction. Save time and increase accuracy with automated PO matching and our customisable invoice approval workflows.

Purchasing Copilot
Raise purchase requests using natural language processing. Review and approve spend with off-platform email approvals, without even logging into the Kloo platform.

Flexible real-time payments
Kloo’s intuitive payment runs and approvals engine optimises the user experience. Leverage the efficiency and fraud prevention benefits of our Open Banking payment options.

AP Analytics
Unlock focused, actionable insight into your AP data to save time on manual reports. Query your data with Kloo’s embedded AI and plan spend ahead of time with cash outflow forecasting.

Kloo transforms the future of finance and AI automation. Book your demo with us here.