Our History of AI Development
avvaneo has been focused on AI for a long time. Early on, we saw various opportunities to integrate AI into financial processes,starting with work on chatbots and intelligent voice control. At the beginning of 2019, we began developing an AI solution with tangible customer benefits that takes automation to the next level.
The result was avvaneo Expedite. Our customers have been using this solution since 2020, registering significantgains in efficiency immediately after implementation; these gains continue toincrease with each round of training.
Today, our entire product team is working on AI. avvaneo is now an AI service provider for our own software products as well as providing automated document capture and processing in the SAP area.
The primary problem for an AI solution is often the quality and quantity of the data. Accounting departments have enough historical data, but they are often structured very differently. Nevertheless, avvaneo was able to reach its goal relatively quickly for two reasons: First, we have twenty years of expert knowledge on modern accounting systems, their document references, and their process steps. Secondly, we are no strangers to dealing with heterogeneously formatted documents and proprietary structured data . We therefore knew immediately where a machine learning module would surpass manual programming.