Glean AI

Glean.ai is an AI-powered software solution designed to optimize accounts payable (AP) processes for finance teams. This platform automates and streamlines various AP tasks, providing deep insights into spending patterns and helping organizations make more informed financial decisions.

Key features:

- Automated Data Extraction and GL Coding: Automatically extracts data from invoices and other financial documents, and automates General Ledger (GL) coding to reduce manual entry errors and save time.
- Bill Approvals and Payments: Streamlines the approval process for bills and facilitates various payment methods, including ACH, checks, and international payments.
- Accruals and Prepaid Amortizations: Automates the processes of accruals and prepaid amortizations to ensure accurate financial reporting.
- Proprietary Benchmarking Data: Uses proprietary data to benchmark vendor prices, enabling companies to negotiate better deals and improve spend efficiency.
- Centralized Vendor Data: Consolidates all vendor-related data in one location, making it easier for teams to collaborate on budget and spending decisions.
- Spend Insights and Savings Recommendations: Provides detailed insights into spending patterns, offers recommendations for cost savings, and detects duplicate invoices, overcharges, and billing errors.
- Collaborative Approval Workflow: Facilitates a collaborative workflow for invoice approvals, allowing cross-functional teams to track and manage their spending.
- Integration with GL Systems: Syncs with top GL systems to ensure seamless data flow.

How it works:

1. Add a Glean.ai email to the existing AP email system to start capturing invoices.
2. Connect the platform to the user's General Ledger and bank accounts to facilitate data synchronization.
3. Create departments within the platform and add team members to manage specific tasks.
4. Map vendors to default GL accounts to streamline the coding process.

Integrations:

QuickBooks, Xero, Sage Intacct, NetSuite, Dynamics

Use of AI:

Glean.ai leverages generative AI to provide advanced data extraction and analysis capabilities. The AI models are trained to recognize and interpret various financial documents, extracting relevant data with high accuracy. This technology underpins the platform's ability to automate complex tasks like GL coding, accruals, and amortizations, as well as providing actionable insights into spending patterns.

Target users:

- Finance Teams in High-Growth Companies
- Accounting and FP&A Teams
- Organizations with High Invoice Volumes

How to access:

Glean.ai is available as a web application, making it accessible from any device with internet connectivity. It also offers API integrations for more customized use cases.