What is Glean AI?
Glean AI is enterprise-level accounts payable software. By design, it makes it easier to manage the accounting process and hugely amplifies work efficiency. Glean AI applies machine learning and NLP to automate invoice processing, thus enabling a business to chop down error rates and free hours of time. Founded by Glean in 2020, Glean AI has rapidly emerged as one of the go-to choices for high-growth finance teams.
Glean AI Key Features & Benefits
Automation:
It fully automates the data extraction, GL coding, bill approvals, payments, and prepaid amortizations on Glean AI without any manual touch.
Data Benchmarking:
It strongly benchmarks the data to the businesses in enabling them to negotiate the prices with vendors and spend wiser.
One Click Invoice Matching:
Glean AI is able to auto-match bills with respective purchase orders and invoices for coherence, accuracy, and better audit quality.
Centralized Collaboration and Planning:
Teams can plan, budget, and forecast in one centralized platform using Glean AI.
Data Visualization Analysis:
Glean AI provides charts and reports that give insights to businesses for making better decisions.
Glean AI Use Cases and Applications
Glean AI is versatile, and this can be applied in many various ways:
Automate Manual AP Tasks:
It saves lots of time since Glean AI automates the accounts payable tasks, hence freeing more time for finance teams to develop and build value-added activities.
Benchmarking Vendor Data:
Through the tool benchmarking, it is easy for businesses to compare vendor data for spending optimization.
Vendor Collaboration:
Companies with Glean AI can easily collaborate with vendors over invoice processing issues and make it faster.
These are the reasons industries like finance, retail, and manufacturing, where the financial operation is quite high, would gain much by implementing Glean AI. Some of the success stories include finance teams or accounts payable who have reduced drastically the time of processing, adding more accuracy.
How to Use Glean AI
The use of Glean AI is quite easy. Here is how it works:
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Setup:
In this regard, it is setting your account up and setting up software concerning the needs of your business. -
Upload Invoices:
Upload your invoices with different formats; take for instance PDF and scanned images. -
Automate Processing:
Let Glean AI do the work by itself in extracting data, GL code, and matching invoices. -
Review and Approve:
Go into the platform and review the processed data; approve your payments in a batch. -
Reporting:
Use various data visualization tools to create insightful reports that will inform decisions. -
Best Practice:
Keep your vendor master current and use Glean AI’s benchmarking functionality iteratively to optimize spend.
How Glean AI Works
Glean AI uses some of the most up-to-date technologies involving machine learning and natural language processing to fully automate and optimize the accounts payable process. The software parses textual and numerical information on invoices, extracting vital data such as invoice numbers, dates, amounts, and supplier details, which are subsequently matched to purchase orders for accuracy and consistency.
The workflow entails the following:
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Data Extraction:
Extracts relevant data from uploaded invoices. -
General Ledger Coding:
It will automatically assign GL codes, basis pre-defined rules and regulations. -
Invoice Matching:
This would do the matching of invoices to the right purchase orders. -
Approval Workflow:
The invoices can be forwarded through an approval workflow that will be customizable. -
Payment Processing:
It allows ACH, check, and international payments.
Glean AI Pros and Cons
Pros
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Efficiency:
It automates mundane manual tasks, freeing up your time by reducing a lot of errors. -
Insightful Analytics:
It gives deep spend insights and allows visualization for making better and well-rounded decisions. -
Collaboration:
Improves collaboration and planning of teams on a single platform.
Cons
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Cost:
Slightly expensive for smaller-scale businesses. -
Learning Curve:
Initial setup and configuration take some effort and time.
On the whole, the response received from the users has been good wherein Sean G has appraised its productivity aspect while Soham M considers the browser plugin to be amazing and the results of very good quality.
Price Glean AI
Glean AI Pricing comes with the right plans to fit any corporate need or requirement:
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Startup:
$95/month for 35 invoices. -
Basic:
$295/month for 50 invoices. -
Pro:
$495/month for 100 invoices. -
Growth:
$895/month for 200 invoices.
All plans are fitted with unlimited users, free ACH and check payments, automated invoice processing, unique spend insights, and many more. International payments are charged $10/transaction.
Conclusion about Glean AI
Glean AI is a great solution in accounts payable, really saving a lot of time by enhancing efficiency. It adds immense value to leading automation, solid benchmarking of data, and insightful analytics that any finance team of a business needs. Pricing could be an issue for smaller businesses, but it’s a really valuable investment in some ways because of the improvement in accuracy and smooth workflows. More features and enhancements will surely continue to come with future updates to make Glean AI even stronger in the industry leading finance automation.
Glean AI FAQs
Does Glean AI support multiple types of invoices?
Yes, Glean AI does support all kinds of invoices, including but not limited to PDFs, images, or scanned documents, through crucial data extraction using machine learning and natural language processing algorithms.
Does Glean AI support multilingual functionality?
Yes, Glean AI does support multiple languages, including but not limited to the following: English, Spanish, French, German, Italian, Dutch, Portuguese, Polish, Russian, Turkish, and Chinese.
Does Glean AI offer security regarding data?
Yes, Glean AI deploys high-caliber security features, including encryption and multi-factor authentication mechanisms, to ensure safety and confidentiality of user data.
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