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Exceptions happen, right? But what happens when you don’t address the root cause?
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.
Do you know how much discount you are throwing away?
How close are you to the goal of automatically processing incoming invoices? Where are the biggest opportunities for process improvement in your company? How good is the recognition of unstructured invoices?
Do you know the answers to all these questions?
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.