AI solves assignment problems faster than humans - Part 1

avvaneo Expedite has learned and can now extract enough clues from unstructured invoice information to automatically set up to over 90 percent of all tax codes correctly.

AI on all screens. The public trembles. Cheers. Amazed. We are not surprised.

Auf der Basis unserer Erfahrungen und der vorhandenen Expertise arbeiten wir an der nächsten Stufe des Fortschritts in der Automatisierung von Finanzprozessen. Darüber und viel mehr wollen wir Ihnen gerne direkt berichten, bei unserem nächsten avvaneo User Group Meeting.

Mathematical computing has advanced rapidly in recent years. Learn more about the state of Artificial Intelligence. We will share the definitions, the most important areas, and how we at avvaneo use Artificial Intelligence to your advantage.

We are looking forward to working with the SAP Competence Center and the accounting department of ASFiNAG, the Austrian freeway operator.

Too many invoices do not find their way into the correct workflow automatically? You are not alone with this issue. In many companies with automatic invoice processing, up to 15% of incoming invoices are routed incorrectly. Sometimes the mistake is made by the system, sometimes by a person.

Invoice receipt in SAP - today this essentially runs automatically in large companies. Usually smoothly and quickly, as long as the relevant information for automatic account assignment is within the invoice data received.

You know the drill! The accounting department is expecting purchase orders that are correctly allocated. However, the purchasing department does not have the time or all the necessary information, so they sometimes use just any account assignment.

Exceptions happen, right? But what happens when you don’t address the root cause?

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

How much automation is possible?

Do you know how much discount you are throwing away?

The billion-euro economic stimulus package of the German government includes a planned reduction of the value-added tax rates from July 1 until the end of 2020, which leaves companies with little time to adapt their systems accordingly.

In December, avvaneo attended the inaugural meeting of AIF, where members of the association discussed plans for the sharing of information and knowledge to ensure the region has access to the best talent and resources to hasten AI developments that will benefit citizens most.

Deploying a virtual workforce to assist humans creates a more flexible workforce, but how best to incorporate AI and Machine Learning.

avvaneo and AFI Solutions partner to help companies automate financial processes inside SAP

Your organization works with multiple suppliers and fluctuating prices, which can make sourcing products and cost containment laborious and undependable.

Your organization has set up an invoice portal, which streamlines e-invoicing and invoice processing but onboarding new vendors and data collection remain manual processes, dragging down overall efficiencies.

To vacation or not to vacation? The age-old challenge for organizations and their teams. With the introduction of robots, to vacation is the answer.

Considering implementing an AP automation solution to improve your accounting and finance processes? First and foremost, you must decide where your AP automation solution should sit — inside or outside of your ERP.

You’ve likely heard the term “e-invoicing” bantered about as the panacea to all life’s problems — or at least account payables’.

avvaneo + strategic partners = solutions that work

avvaneo’s experience combined with our range of partnerships with leading application vendors creates the perfect solution for automating financial processes.

Robots aren’t replacing everyone, but the misconception is understandable given the constant barrage of warnings from robotization experts and press. The reality is that in many environments, robotic process automation is about the efficient allocation of the people doing the work, not about reducing the number of people who are working.

By integrating avvaneo Document Creator into your existing processes, you can engage your business’s most critical invoicing activities for your business now directly in SAP!