Inspiration

Inspiration Running a business involves countless processes, and accurate invoicing is critical among them. We've witnessed too many businesses suffer from errors in their AP, often due to inconsistencies with contracts, leading to delayed payments, disputes, and strained relationships.

What it does

CrossCheck is an AI-powered platform that intelligently compares invoices with your existing contracts, identifying discrepancies, and facilitating faster payments. It works like your personal auditor, working tirelessly, accurately, and efficiently to ensure your invoices align perfectly with their corresponding contracts.

How we built it

We leveraged GPT-4 to recognize and understand the contractual terms and invoice details. The AI reads through contracts and invoices, spotting errors and discrepancies, flagging them for review, and even suggesting potential corrections. The glue that holds everything together is n8n, a no-code workflow automation tool (similar to Zapier).

Challenges we ran into

One of the major challenges we faced was the length of contracts, which often exceed the token limits of the GPT-4 model. We tackled this by developing a mechanism to split the contracts into smaller, manageable sections without losing context. We also had to ensure that the model could accurately match an invoice to a contract, given that language and terminology can vary greatly across documents.

Accomplishments that we're proud of

We're proud to have developed an AI solution that addresses a pervasive problem in business operations. Not only does CrossCheck streamline the invoice review process, but we are excited about CrossCheck's potential to be applied to other fields such as insurance claims processing, prior authorization processing for medical insurance, logistics and shipping, and more.

What we learned

We learned that integrating AI solutions into human workflows is a bit like hosting a party where the guests speak different languages - it takes a lot of finesse to get everyone to dance together smoothly. But when it works, it's epic.

What's next for CrossCheck

While CrossCheck has shown tremendous potential in solving invoice discrepancies, we believe its utility goes far beyond this specific context. We see a vast landscape of applications in other verticals where document extraction and data accuracy are critical.

One such area is insurance claims processing. Just as CrossCheck compares invoices to contracts, it could be adapted to compare insurance claims to policy documents, identifying discrepancies and accelerating claims processing.

In the realm of medical insurance, CrossCheck could be used to streamline the prior authorization process. By comparing treatment requests with policy coverages, it can quickly identify treatments that are covered, reducing wait times and improving patient care.

CrossCheck is more than just an invoice auditing tool—it’s a testament to the power of AI in transforming tedious, error-prone tasks into streamlined, accurate processes. From businesses struggling with invoice reconciliation to insurance companies managing claims, the potential applications of CrossCheck are as broad as they are impactful.

Built With

  • gpt-4
  • n8n
  • openai
  • sensible
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