Automate all processes for incoming invoices using Artificial Intelligence (AI)

Until now, the automation of general expense invoices was limited.

These are invoices for which no reference data is available in the ERP system. We have analyzed how AI can overcome these limitations.

To process General Expense invoices automatically means to find the correct account assignment and the correct approver automatically and start the approval workflow.

In our latest analysis of AI for financial processes, we examined the combination of these two use cases. Viewed separately, the two models deliver very good results. In our opinion, the combined results are also impressive.

For this analysis, we built and evaluated a model for the automatic determination of the correct account assignment and the person approving an incoming invoice. We concentrated exclusively on processes that could not be processed automatically before.

Please find here the links to the other two analyses:

• Determination of the correct approver
• Determination of the correct account assignment

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