Are you comparing multiple systems and documents manually?
With automatic document matching, you can achieve…
Processing high volumes of documents without increasing human resources
Min 50% reduction in time to process bookings
£000s back into the business annually
Automate Document Matching with AI
Document Matching can be time consuming, error prone, and costly. Traditionally, travel businesses manually compare supplier invoices to booking systems, which leads to inefficiencies and high labour costs.
Traverse Automation’s AI-driven solution simplifies this process. Our automated system extracts supplier invoices from your inbox, matches them to the booking system, and processes them seamlessly. If there’s a discrepancy, the system flags it as an exception, providing easy visibility for review and resolution. Benefits
Reduced Human ErrorCost SavingsBetter Resource AllocationImproved Accuracy and ConsistencyEnhanced Compliance and ReportingFaster Decision Making
A True Business Case
Out of a total of 9,648 documents, 0.05% or 5% are found to have errors due to not being checked. This translates to 48 invoices with errors, each resulting in an average revenue loss of £100 per document. Consequently, the annual revenue loss attributed to these unchecked documents amounts to £4,824 for the 0.05% error rate and £48,200 for the 5% error rate, underscoring the substantial financial impact of document errors that could have been prevented through automatic document matching.