Market studies show that 25-30% of all freight invoices are wrong, with many discrepancies ultimately going unchecked. GoInvoice enables error-free freight invoicing by automatically highlighting mistakes to your vendor.
Mentioned by Gartner
Forbes 30 under 30
GoComet’s iOCR solution reveals any inconsistency between the invoice and your original quotation through a proprietary blend of OCR technology, contextual language processing and algorithmic programming.
By automatically notifying vendors of freight invoice inaccuracies, GoInvoice saves you the burden of laborious person follow-ups each, and every time there is an error.
Your new platform offers you the option to auto-approve freight invoices and set your own, pre-defined tolerance levels. Your module may also be integrated with the internal finance department’s systems to initiate and further speed up the payment process.
"GoComet has contributed well in the way we manage our cargo. It has automated most processes reducing manual intervention and improved overall efficiency in the workflow while bringing in great transparency in the system."
Invoice reconciliation is a process of confirming and matching every piece of information in invoices. The process includes sorting every invoice to match with corresponding bank statements and ensuring no discrepancies. Traditionally, this process is done manually by an organisation's logistics and accounts team.