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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. An irritation that ends up costing time and money. Artificial intelligence (AI) can change that. How? You can learn more here...
The first avvaneo User Group was a great success. Presentation by Porsche on the use of artificial intelligence for financial processes with avvaneo Expedite deserves special mention.
Until now, the automation of general expense invoices was limited. We have analyzed how AI can overcome these limitations.
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?
The use of AI in finance departments allows automation for processes that previously had to be handled manually. Read our analysis of real data of a company on the potential of using AI.
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.
The majority of finance team processes are either structured and repetitive or analytical and statistical — here we look at how those scenarios map to available technology, AI and RPA.
Deploying a virtual workforce to assist humans creates a more flexible workforce, but how best to incorporate AI and Machine Learning.