Smart.Commercial.Invoice IQ
Smart.Commercial.Invoice IQ is a managed service that leverages a serverless architecture on AWS to capture, classify, extract, and enrich data from paper-based commercial invoices obtained by importers. The service streamlines the processing of commercial invoices, improves data accuracy, and ensures compliance with import regulations.
Go-to-Solution
Smart.Commercial.Invoice IQ is a game-changing managed service that simplifies and automates the processing of commercial invoices for importers. By leveraging AWS's serverless architecture, Smart.Commercial.Invoice IQ intelligently captures, classifies, extracts, and enriches data from paper-based invoices, reducing manual effort, improving accuracy, and ensuring compliance with import regulations. With Smart.Commercial.Invoice IQ, importers can streamline their import operations, minimize risks, and focus on their core business objectives.
What we offer ?
Smart.Commercial.Invoice IQ is a managed service that automates the processing of paper-based commercial invoices, extracting and enriching data using AWS's serverless architecture.
For Who ?
The service is designed for importers who deal with a significant volume of commercial invoices and require efficient and accurate invoice processing for customs clearance and payment.
Smart.Commercial.Invoice IQ utilizes AWS services such as Amazon Textract, Amazon Comprehend, AWS Lambda, and Amazon S3 to capture, classify, extract, and enrich data from commercial invoices. The service provides a user-friendly interface for invoice upload, review, and validation.
How do we Leverage AWS ?
​
Financial Benefits
-
Reduced labor costs associated with manual invoice processing
-
Minimized risk of penalties and fines due to inaccurate or incomplete invoice data
-
Scalable and pay-as-you-go pricing model
-
Elimination of infrastructure and maintenance costs
-
Faster time-to-value and improved return on investment (ROI)
Operational Benefits
-
Automated commercial invoice processing, reducing manual effort and errors
-
Improved data accuracy and consistency
-
Faster invoice processing and customs clearance
-
Streamlined import operations and increased productivity
-
Enhanced compliance with import regulations and standards
Benefits of the Cloud Adoption Framework
By integrating Smart.Commercial.Invoice IQ with the AWS Cloud Adoption Framework, importers can realize significant benefits across various perspectives. The service streamlines import operations, ensures regulatory compliance, enhances productivity, enables data-driven decision-making, and provides a scalable, secure, and reliable platform for commercial invoice management. This integration empowers importers to optimize their import processes, reduce risks, and achieve operational excellence in the cloud.
Business Perspective
-
Streamlined import operations: Smart.Commercial.Invoice IQ streamlines the processing of commercial invoices, reducing manual effort, minimizing errors, and improving efficiency, enabling importers to focus on their core business objectives.
-
Regulatory compliance: The service ensures compliance with import regulations by accurately capturing, classifying, and validating commercial invoice data, reducing the risk of penalties and fines.
-
Informed decision-making: Smart.Commercial.Invoice IQ provides structured and actionable data insights from commercial invoices, enabling data-driven decision-making and strategic planning for import operations.
-
Scalability and adaptability: The service leverages AWS's scalable infrastructure, allowing importers to easily adapt to changing import volumes and requirements.
People Perspective
-
Enhanced productivity: Smart.Commercial.Invoice IQ automates repetitive tasks associated with commercial invoice processing, freeing up employees to focus on higher-value activities and strategic initiatives.
-
Skill development: Integrating Smart.Commercial.Invoice IQ with the AWS Cloud Adoption Framework provides opportunities for employees to develop new skills in cloud computing, data analysis, and import compliance.
-
Collaborative workflow: The centralized invoice management and data accessibility enabled by Smart.Commercial.Invoice IQ foster collaboration among teams involved in import operations, such as procurement, finance, and logistics.
Governance Perspective
-
Regulatory compliance: Smart.Commercial.Invoice IQ helps organizations comply with import regulations by providing accurate and auditable commercial invoice data management.
-
Data governance: The service enables better data governance through structured and consistent invoice data extraction, classification, and storage.
-
Risk mitigation: By automating commercial invoice processing and reducing manual errors, Smart.Commercial.Invoice IQ helps mitigate risks associated with non-compliance and data inaccuracies.
Platform Perspective
-
Scalability and flexibility: Smart.Commercial.Invoice IQ leverages AWS's serverless architecture, providing seamless scalability to handle varying volumes of commercial invoice processing without the need for manual infrastructure management.
-
Reliability and availability: The service ensures high availability and reliability by leveraging AWS's robust infrastructure and fault-tolerant design.
-
Integration capabilities: Smart.Commercial.Invoice IQ can easily integrate with other AWS services and third-party applications, such as enterprise resource planning (ERP) systems or customs clearance software, enabling end-to-end import workflows.
Security Perspective
-
Data protection: Smart.Commercial.Invoice IQ integrates with AWS security best practices, providing encryption, access control, and secure data storage to protect sensitive commercial invoice information.
-
Access management: The service leverages AWS Identity and Access Management (IAM) to ensure secure access control and user authentication, allowing only authorized users to access invoice data.
-
Compliance and certifications: By aligning with AWS's compliance programs and certifications, such as ISO 27001 and SOC, Smart.Commercial.Invoice IQ helps organizations meet industry-specific security and compliance requirements.
Operation Perspective
-
Simplified operations: Smart.Commercial.Invoice IQ, as a managed service, simplifies operations by abstracting away infrastructure management complexities and providing automated invoice processing workflows.
-
Monitoring and logging: The service integrates with Amazon CloudWatch for comprehensive monitoring, logging, and alerting, enabling proactive issue detection and resolution.
-
Continuous improvement: Smart.Commercial.Invoice IQ benefits from AWS's continuous innovation and updates, ensuring access to the latest features and performance enhancements.
Leveraging AWS Well-Architected Framework
By integrating Smart.Commercial.Invoice IQ with the AWS Cloud Adoption Framework, importers can realize significant benefits across various perspectives. The service streamlines import operations, ensures regulatory compliance, enhances productivity, enables data-driven decision-making, and provides a scalable, secure, and reliable platform for commercial invoice management. This integration empowers importers to optimize their import processes, reduce risks, and achieve operational excellence in the cloud.
Operational Excellence Pillar
-
AWS Lambda: Serverless compute service for executing code without provisioning or managing servers, enabling efficient and scalable commercial invoice processing.
-
Amazon CloudWatch: Monitoring and observability service for real-time monitoring, logging, and alarming of Smart.Commercial.Invoice IQ resources and performance metrics.
-
AWS CloudFormation: Infrastructure as code (IaC) service for automating the deployment and management of Smart.Commercial.Invoice IQ resources in a consistent and repeatable manner.
-
AWS Step Functions: Serverless workflow orchestration service for coordinating and automating the different stages of commercial invoice processing, including capture, classification, extraction, validation, and enrichment.
-
AWS Identity and Access Management (IAM): Service for securely managing access to AWS resources and controlling permissions for Smart.Commercial.Invoice IQ components.
-
Amazon Cognito: User authentication and authorization service for securely managing user access to the Smart.Commercial.Invoice IQ application.
-
AWS Key Management Service (KMS): Managed service for creating and controlling encryption keys used to encrypt sensitive commercial invoice data.
-
Amazon VPC: Virtual private cloud service for isolating Smart.Commercial.Invoice IQ resources and ensuring secure network communication.
Security Pillar
Reliability Pillar
-
Amazon S3: Highly durable and scalable object storage service for storing and retrieving commercial invoices and processed data.
-
AWS Lambda: Serverless compute service designed for high availability and fault tolerance, ensuring reliable execution of commercial invoice processing tasks.
-
Amazon DynamoDB: Serverless NoSQL database service for storing and retrieving metadata and processed commercial invoice data with high availability and durability.
-
Amazon SQS: Fully managed message queuing service for decoupling and ensuring reliable communication between Smart.Commercial.Invoice IQ components.
-
Amazon Textract: Fully managed service that uses machine learning to automatically extract text, handwriting, and data from scanned commercial invoices.
-
Amazon Comprehend: Natural language processing (NLP) service that uses machine learning to uncover insights and relationships in commercial invoice data.
-
Amazon Augmented AI (A2I): Human review service that can be added to the commercial invoice processing workflow to validate and improve the accuracy of extracted data. A2I allows human reviewers to review and provide feedback on the output of Amazon Textract and
-
Amazon Comprehend, ensuring high-quality results and handling exceptions.
-
Amazon Elasticsearch Service: Fully managed service for deploying, operating, and scaling Elasticsearch clusters, enabling fast search and analytics on processed commercial invoice data.
-
AWS Lambda: Serverless compute service that automatically scales based on incoming requests, ensuring optimal performance and efficiency.
-
Amazon API Gateway: Fully managed service for creating, publishing, and securing APIs, enabling seamless integration with other systems and applications.
Performance Efficiency Pillar
Cost Optimization
Pillar
-
AWS Lambda: Pay-as-you-go pricing model, where you only pay for the compute time consumed during commercial invoice processing, optimizing costs.
Amazon S3: Cost-effective storage option with pricing based on the amount of data stored, access requests, and data transfer.
Amazon DynamoDB: On-demand capacity mode for automatic scaling and pay-per-request pricing, optimizing costs based on usage.
AWS Cost Explorer: Cost management tool for monitoring, analyzing, and optimizing costs associated with Smart.Commercial.Invoice IQ resources.
AWS Budgets: Service for setting custom budgets and receiving alerts when forecasted or actual costs exceed defined thresholds.
-
AWS Lambda: Promotes sustainability by efficiently allocating compute resources and reducing energy consumption.
-
Amazon S3: Stores data in shared, multi-tenant hardware, optimizing resource utilization.
-
Amazon DynamoDB: Provides a serverless database that automatically scales capacity, minimizing over-provisioning and reducing energy waste.
-
AWS Customer Carbon Footprint Tool: Helps measure, track, and reduce the carbon emissions associated with using AWS services.
-
Implement efficient data storage practices, such as using Amazon S3 Intelligent-Tiering, which automatically moves data between access tiers based on usage patterns, optimizing storage costs and reducing the storage footprint.
-
Take advantage of AWS's commitment to renewable energy by running on AWS regions that have a higher percentage of renewable energy mix.
