Companies spend up to hundreds of man-years on manual work like accounting. This demo will show you step by step how our solution will do it for you in a few minutes. ElinarAI™ gives you more accurate cost analysis without human errors. You will save not only your workers valuable working time, but also money! Solution allows 95+% automation on invoice accounting.
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Invoices are received physically on paper, by email and electronic invoicing with different types of formatting. Going through them manually generates a lot of manual work.
No matter where your invoices come from, ElinarAI™ powered by IBM DataCap© will reformat and prepare the invoices and make sure relevant data is captured.
PROCESSING INVOICE #1
Company name
Elinar Oy
VAT number
FI10267147
Invoice number
258
Order reference
42599
Contact person
Ari Juntunen
Address
Menestystie 10
Zip code
FI-28100
City
Pori
Order date
14.02.2020
Due date
29.02.2020
IBAN account number
FI21 3131 0220 3662 54
BIC/SWIFT
Currency
EUR
Terms of payment
Excluding VAT
804,81 €
Total sum
862,85
Kilometric allowance
Code
kma19
Quantity
470 km
Price
0,43
Value (tax free)
202,10
VAT
0 %
Cost center
Daily allowance
Code
da19
Quantity
1 pcs
Price
42,00
Value (tax free)
42,00
VAT
0 %
Cost center
Parking fee
Code
park
Quantity
1 pcs
Price
3,50
Value (tax free)
2,82
VAT
24 %
Cost center
Kilometric allowance
Code
kma20
Quantity
525 km
Price
0,43
Value (tax free)
225,75
VAT
0 %
Cost center
Daily allowance
Code
da20
Quantity
2 pcs
Price
43,00
Value (tax free)
86,00
VAT
0 %
Cost center
Hotel
Code
acc
Quantity
1 pcs
Price
120,00
Value (tax free)
96,77
VAT
24 %
Cost center
Coffee
Code
coun
Quantity
1 pcs
Price
19,60
Value (tax free)
17,19
VAT
14 %
Cost center
Meeting room rent
Code
other
Quantity
1 pcs
Price
150,00
Value (tax free)
120,97
VAT
24 %
Cost center
ElinarAI™ is unsure of the cost center. You can teach it by verifying the correct one from the dropdown menu.
Taxi
Code
tra
Quantity
1 pcs
Price
13,90
Value (tax free)
11,21
VAT
24 %
Cost center
Verify data
Correctly captured invoice items with success rate of 90%.
Gave the financial information to CFO 3-4 days faster.
Directly accounted items saved 30 minutes of manual work.
Trained ElinarAI™ new skills.
Return on investment <2 months.
Let ElinarAI™ help your business.
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We help knowledge-intensive organizations turn their data into business value.
