ElinarEasy™ automates invoice posting in the accounting process
PROBLEM
Automation level of processing corporate incoming invoices is very slow. Corporates might have tens or hundreds of people processing invoices. Currently manual work required:
- Identifying line-items
- Associating each line item with: General Ledger Account, Cost Center, Project Code and Acceptor
- Exception handling like VAT
- etc.
As you can see manual process is very error prone and slow. Cost per one invoice is very high. Studies indicate closer to 10 € / customer invoice.
SOLUTION
ElinarEasy™ removes manual work using IBM Datacap and ElinarAI™. Corporate invoice history is used to gain very high accuracy on each customer case – automation level even 80% or more.
NOTE! This is not an invoice approval solution. We are simply removing manual labor before invoice approval process and after the process when invoices are fed to ERP/Accounting system. You can use the solution in any industry.
BENEFITS
- significant cost reduction: < 0,5 € per automated transaction
- more accurate reporting: AI does not make random mistakes as humans do
- cash management becomes more efficient as incoming invoices are processed much faster and cash reserves can be managed much more effectively
Watch the video about the benefits of ElinarEasy™ for automating your invoice accounting process.
ElinarEasy™ Demo
Our free demo shows how you can automate invoice accounting by ElinarEasy™! Before demo, you can download a short Automated Invoice Accounting Demo Guide or you can also skip this step and move forward “Go to demo” button.
ElinarEasy™ has the following abilities:
- It gives you a more accurate cost analysis without human errors
- You will save your workers valuable working time
- Your company will stop wasting money
- The solution provides +85 % automation in the posting of purchase invoices
Our solution allows incoming invoice processing automation to a much higher degree than previously possible. We do not typically replace any existing solution(s) except for OCR solution to recognize line-items.
ElinarAI™ helps you automating financial documents
Elinar has specialized text analytics modules available for several industries and purposes. In a world full of financial documents, ElinarAI™ can be useful when automating processes involving e.g. orders, invoices or cash allocation. We can help you to achieve great savings when automating processes with Artificial Intelligence – ElinarAI™.
Automation examples
Sales Orders
Read here, how ElinarAI™ can help you to automate sales order processing.
Invoices
Learn more, why ElinarAI™ processes invoice better than a human.
Payments and open invoices
Read here, why you need ElinarAI™ to combine their payments to open invoices.
Contact
Wanna know more about automated invoice accounting? Please leave your contacts and we will call you back within the few working days. We won’t use your personal information for any other purpose.
