MYNDAPX - AI-Driven Accounts Payable Automation

Today's Accounts Payables (AP) Market

Organizations globally spend over $510 billion annually on inefficient, manual AP processes. These outdated practices lead to costly errors, delayed payments, strained vendor relationships, compliance risks, and lost opportunities to optimize cash flow.

$510B

Annual Global Spend

$12

Cost Per Manual Invoice

30-40%

Invoices Delayed/Lost

2-5%

Lost Early Payment Discounts

What's at Stake?

Pains

Operational Inefficiencies

Manual Processing costs businesses significant productivity losses

Processing Errors

30-40% invoices delayed or lost due to manual handling

Compliance Risks

Financial stability threatened by audit failures

Poor Cash Flow Visibility

Suboptimal cash management due to lack of visibility on overall payouts

Gains

Enhanced Operational Efficiency

Significant process improvements through automated processing

Improved Vendor Relationships

Timely payments and transparent processing status

Assured Compliance

Reduced audit risks with automated validation and documentation

Real-time Cash Flow Insights

Optimize working capital and capture early payment discounts

Introducing MYNDAPX

MYNDAPX is an advanced AI-driven AP automation platform transforming invoice lifecycle management. From seamless invoice capture and intelligent data extraction to automated validation, matching (3-way/ 2-way), and payment processing. MYNDAPX enhances efficiency, accuracy, and compliance effortlessly.

See Key Features

Key Features & Benefits

Intelligent AI-Based Data Extraction

Eliminates the need for manual data entry or predefined templates with advanced machine learning algorithms.

80-90%+ Accuracy

Vendor Self-Service Portal

Supports Vendor regionstration, extension, digital KYC, PO acceptance, invoice submission, and payment status tracking.

70% Query Reduction

Automated Smart Workflows

Customizable approval paths and business rules (starting library of 30+ in-built business rules) ensuring consistent and efficient processing.

80% Time Savings

Bill of Entry (BoE Import Document)

Intelligent AI-based data extraction and validation of BoE documents, ensuring compliance with customs regulations.

100% Data Extraction

Seamless ERP Integration

Integrates flawlessly with existing ERP systems (SAP, Oracle, Dynamics and others), ensuring accurate and synchronized data management.

100% Compatible

Comprehensive Security

Multi-layered protection with industry-leading security standards and certifications (ISO 27001, SOC 2) for complete data security.

99%+ Security Compliance

Success Story

A leading global manufacturer operating across multiple countries faced challenges like Bill of Entry (BoE) complexity, high operational costs, invoice processing delays, and compliance issues due to complex regulatory environments. After adopting MYNDAPX, the company streamlined its entire invoice process, achieving remarkable outcomes:

85% Reduction in processing time

in manual AP processes, significantly cutting operational costs

99% compliance rate

through automated validation and audit-ready documentation

50% cost savings

Improved cash flow management

60% increase in vendor satisfaction

thanks to faster and more transparent payment cycles

This transformative change empowered the organization's AP team to focus more strategically, driving overall business growth and stability. enabling savings via early payment discounts and optimized cash flow management.

Transform your Invoice Processing in 90 days