The new AI Invoice Automation product targets the inefficiencies inherent in traditional accounting workflows. By leveraging intelligent document processing, the system automatically captures and validates data, reportedly achieving accuracy rates exceeding 95% while cutting processing costs by up to 85%. Once validated, the information flows directly into existing ERP and procurement systems, providing finance departments with immediate visibility into cash flow and pending liabilities.

Phil Kenney, CEO of Unimarket, stated that the integration of these AI capabilities represents a strategic expansion of the company’s source-to-pay suite. By removing the need for manual data entry and exception handling, the software aims to shift the focus of accounting staff toward high-value analysis. The tool is currently available to the company’s existing client base across the United States, Canada, Australia, and New Zealand, serving sectors ranging from higher education and healthcare to government and research institutions.