How to automate invoice accounting?
Companies spend up to hundreds of man-years on manual work like accounting, even if it is possible to handle by Artificial Intelligence (AI). Our ElinarEasy™ -solution to automate invoice accounting does the manual tasks faster, sharper, and cheaper. You can use the solution in any industry.
Our free demo shows how you can automate invoice accounting by ElinarEasy™!
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 allows 95+% automation on invoice accounting.
ElinarEasy™ is a solution that combines IBM’s top technology (IBM Datacap©) and Elinar’s own Artificial Intelligence (ElinarAI™). Test our free demo to see step by step how it will do invoice accounting for you automatically in a few minutes!
Talk more with our expert:
Ari Juntunen
Chief Technology Officer
+358 40 524 4482
ElinarEasy™ – Automated Invoice Accounting Demo progress
Step 1.
Introduction
At first, you’ll see a short video about the demo and the benefits of ElinarEasy™ for automating your invoice accounting process. If you want, you can also skip this step and move forward via “Start demo” button. Notice: after the video, the demo is silent.
Step 2.
Incoming invoices
Your company receives invoices from many sources. ElinarEasy™ recognizes scanned documents, email attachments, e-invoices, and so on… Here you can take a closer look at two different scanned invoices (by clicking the picture in the demo). Later ElinarEasy™ will account automatically these same documents about travel expenses.
Step 3.
Capturing
We use IBM Datacap© for capturing data from any source. The data you need will next be found from invoice #1. It takes just some seconds – AI is faster than a human.
Read more about the used technologies in ElinarEasy™:
Step 4.
Automatic accounting
ElinarEasy™ validates and enriches invoice data. And it puts every cost to the right cost centers in practice. This is possible because of the learning data which AI has gotten beforehand. Still, there are some new cases for AI from time to time, and then you’ll need to confirm the right answer.
Step 5.
Unclear cases
In this Travel Expense -invoice, “meeting room rent” is not meant to be in the cost center “rents”, but in “negotiation expenses”. You must teach it to the ElinarEasy™ by verifying it from the drop down menu (it’s the green one).
Step 6.
Data goes into accounting system
When you have verified data, ElinarEasy™ now knows that the meeting room rents in travel expenses are not belonging to the general rents. Your verifying is the key to why it’s learning better and better all the time, and the amount of manual work is constantly decreasing.
Step 7.
Learning AI
Later, when ElinarEasy™ processes the next invoices, it will remember your verifying and puts the same kind of expenses automatically to the right cost center.
Step 8.
Benefits
At the end, you’ll see how automated invoice accounting could help you and your company. Whether your problem is mistakes with accounting, expensive invoice processing, slow data transfer to the accounting system or CFO, we can help you.
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.
Talk more with our expert:
Ari Juntunen
Chief Technology Officer
+358 40 524 4482
