From downpour to done
Raindrop Accounts Payable transforms invoice processing with intelligent automation, multi-modal AI ingestion, built in fraud detection, and seamless ERP integration. Save time, reduce manual work, accelerate approvals, and gain real-time control to pay with confidence.
KEY BENEFITS
Touchless Invoice Processing
AI automatically ingests and interprets invoices—PDFs, images, even unstructured text—cutting out manual data entry.
Smarter Matching, Less Chasing
Automated 2- and 3-way matching handles the heavy lifting, surfacing only the exceptions that truly need review.
Proactive Fraud Detection
Identify suspicious invoice patterns, duplicate payments, and mismatched supplier data with AI-driven fraud monitoring built into every step.
How It Works
AI Ingestion
No old school OCR, AI ingests invoices in any format through any channel to convert text, images and information into structured usable data.
Match and Validate Automatically
Integrate and Pay
Push approved invoices to your ERP for seamless payment and real-time financial updates or Pay through Raindrop.
“This is the fastest AP implementation I’ve ever seen, we were live in less than 3 months.”
AP Manager, Midwest Vision Partners
Full Visibility, Zero Guesswork
With Raindrop Accounts Payable, you get real-time insight into:
- Invoice status, approvals, and exceptions
- Spend by department, category, or supplier
- Compliance with policies and payment terms
- Cash flow optimization and early pay opportunities
Everything is traceable, auditable, and fully integrated with your sourcing and procurement workflows.
Raindrop in Action: A Customer Story
A global medical device manufacturer needed a modern AP operation — fast. Here's what happened.
A global medical device manufacturer came to Raindrop needing to stand up a modern AP operation fast. Spun out from a larger parent company, their finance team had to build Accounts Payable from scratch — with tight timelines, a JD Edwards ERP, and a geographically distributed team processing invoices across the U.S., EMEA, and APAC.
The results after phase one:
- 76% reduction in invoice cycle time — from 30 business days down to ~7
- 93% automatic coding with AI, reducing manual GL coding across the team
- 93%+ first-time supplier match rate on invoice processing
- 56% touchless rate on invoice processing
- Offshore staffing reduced by one-third without sacrificing throughput
- Successfully absorbed an acquired business unit with zero incremental headcount
““We cut invoice cycle times from 30 days to about 7 — without adding headcount. It gives folks time to review, but the workflow keeps moving. Raindrop lets us scale AP as the business grows.” “
Head of Shared Services and Finance Transformation, Medical Device Manufacturer
FAQ
Raindrop uses AI to bring in data quickly and accurately - no old school OCR or templates required. Raindrop can take invoice in any format, including pdf, documents or spreadsheets.
Yes. Raindrop performs intelligent 2-way and 3-way matching by linking invoices with purchase orders, receipts, and even contract details. This eliminates the need for manual intervention and accelerates the invoice-to-payment cycle.
Raindrop’s automated validations detect duplicate invoices, mismatched data, and unauthorized charges before payment is approved. It flags exceptions and routes them through automated workflows for resolution.
Absolutely. Raindrop integrates with popular ERP, P2P, and accounting platforms, allowing seamless data exchange between systems. This ensures that AP processes are streamlined without replacing your existing infrastructure.
Raindrop provides real-time dashboards, audit trails, and analytics that give finance teams complete visibility into invoice status, approval bottlenecks, and spend trends—empowering better decision-making and compliance.
Resources
Who Actually Owns Contracts in Your Organization?
Section 6 – The Operating Model of Agentic Procurement
