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Digitization is a megatrend. An important part of this is electronic invoices as a mandatory requirement for business-to-business transactions. Their introduction will soon be mandatory throughout Europe - no company will be able to avoid this digitization step. In Germany, the legal guideline for this is contained in the Growth Opportunities Act.
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.
Read article What a data analyst can take days to do, avvaneo Discover delivers in two clicks
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.
Read article Tax codes: Reducing administrative costs with AI
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.
Read article AI for more speed: Intelligent account assignment of incoming invoices
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.
Read article Purchasing and accounting - one happy family? Yes, sure!
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.
Read article Automate all processes for incoming invoices using Artificial Intelligence (AI)
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?
Read article Coding in finance on autopilot with Artificial Intelligence (AI)
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.
Read article AI for financial processes - An analysis of automation potential with real data
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