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AI in hospitality: Streamlining Invoice Management 

AI in hospitality: Streamlining Invoice Management 

13-Dec-2024 . 3 minutes read

With hundreds of suppliers and thousands of invoices processed monthly, the AI model effortlessly scales up to meet the demand, saving time and reducing errors by automating data standardization. 

Managing thousands of invoices each month from hundreds of diverse suppliers can be an immense operational load for hospitality businesses. With varying formats and data points to track, hotel accounting teams often spend significant time sorting through documentation to capture vital details like supplier names, PO numbers, addresses, and payment data. Here’s how we helped major hospitality clients turn these challenges into streamlined, efficient workflows by deploying custom AI solutions specifically trained for the industry. 

One customer solution leverages a combination of Optical Character Recognition (OCR) and Natural Language Processing (NLP) tailored to extract critical information from invoices with a high degree of accuracy. It pulls out specific details and names even when supplier formats vary widely. With hundreds of suppliers and thousands of invoices processed monthly, the AI model effortlessly scales up to meet the demand, saving time and reducing errors by automating data standardization. 

For hotels, this means better accuracy in financial records, fewer manual entry errors, and significant time savings—allowing finance teams to focus on higher-value tasks rather than data entry. This seamless, standardized approach makes it easier for teams to get complete and accurate data from each invoice without the headache of reconciling different formats. 

This client now uses Centelli’s AI to process invoices from hundreds of different suppliers, and we are processing thousands of invoices every month! 

Get Started with AI in your Hospitality business Today! 

If you’re in the hospitality industry and looking to kickstart your AI journey for major operational efficiency, download our FREE Hospitality Automation E-Book. Discover how intelligent automation is helping to streamline finance, reservations, customer service, and more in real-world examples from the sector. 

Learn how AI can help any Finance Team! 

Whether you work in finance for a hospitality firm or any other sector, we also have a FREE Automation & AI in Finance Teams download available by clicking here

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