Coding in finance on autopilot with Artificial Intelligence (AI)

Assigning the correct cost elements and G/L accounts to incoming invoices is a time-consuming task for finance teams.

Automation is typically not possible for all invoices, but the use of AI changes that position entirely.

Our latest analysis of the automation potential with real data examines this use case. We differentiate between the allocation of the G/L account only and the G/L account and all other cost elements.

Please have a look yourself at the results.

 

For this analysis we built and evaluated a model for the automatic determination of the account assignments for incoming general expense invoices. We focused exclusively on processes that could not be processed automatically before. We think the results are impressive but read them for yourself.

For more information please click here. You can also contact us here or send us an e-mail info@avvaneo.com.

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