Read in this blog article how Finmatics customers benefit from a reduction in manual efforts in regards to their document administration. After the separation process is completed, the invoices can be exported to the ERP or accounting software.
With the rise of new technologies, shared service centers (SSC) need to constantly adapt their way of operating. A shining example of this trend is Avis Budget Group. Its SSC in Budapest has been supporting the group’s subsidiaries with its expertise for nearly 15 years. Thanks to artificial intelligence (AI) and robotics, Avis Budget Group is continuously driving productivity and the quality of its services. Its collaboration with Finmatics is a case in point. By using AI software, the SSC Financial Services department reduced it’s workload for document handling while improving the quality of its data.
How digitalization is discussed and how it is implemented are two different pairs of shoes. Everyone talks about AI and robotics, but in most companies digitalisation comes down to a few technical gimmicks and colorful PowerPoint slides. For Gas Connect Austria, that is not enough. Stefan Reiter sees digitalisation not as an image campaign but as a potential for optimization.
Together, BMD and Finmatics of Abacus.ac, provide an integrated solution for the intelligent automation of their customers’ invoice receipt process: From the digitalization of the receipts to the AI-supported readout to the processing and posting in the accounting software. Read more about the integration!
Together with Finmatics, Vienna’s number one public utility company Wiener Stadtwerke automated invoice processing at the beginning of 2020 by using AI (Artificial Intelligence). Martina Teuber, head of accounting at Wiener Netze, draws a first conclusion after six months of cooperation.
Co-founder of Abacus Ulrich Troeller wrote a column for Akademie3 to explain how we are developing AI for invoice processing. Our data scientists started already in 2017 to work on algorithms that would increase the accuracy of information extraction. Are you curious how Finmatics is evolving and how our customers benefit from it?
Dr. Patrick Sagmeister is co-founder and data science director of Abacus.ac. Patrick answered questions from conference participants at the online conference “AI PRACTICE IN ENTERPRISES “. Read the transcript of the interview.
In this blog entry you get an overview of upcoming industry events, where you can meet the Abacus team. We are looking forward to discuss with you the status quo and future practices of digitized tax firms and accounting departments. Our event calendar is regularly updated.
AI knows no borders. A statement that is not only to be read philosophically, but can also be taken literally. CONFIDA is a living example of the cross-national use of digital workflows and intelligent systems. The international tax consulting and auditing firm from Austria works with the Artificial Intelligence Finmatics at its Southeast European locations. We talked to Christian Braunig, the managing director of CONFIDA, how the domestic software is supporting their international organization.
Anyone who still asks whether AI will persist in accounting asks the wrong question. Béla Tasi, Managing Director of the Shared Service Center of Enteos in Hungary, knows that “it’s only a matter of time before document processing and accounting is largely automated. The experience of recent years suggests that this will happen sooner rather than later.” It is time to redefine the division of labour between humans and AI, and to create future-proof processes. A wake-up call.