WTAR: AI-supported Document Processing with RZL

Not every tax consulting firm has to undergo a revolutionary shock to remain competitive. Friedrich Lehner, partner at Aschauer & Rachbauer Steuerberatungsgesellschaft in Leonding, is a realist: According to him, digital change is a path of small steps. Thanks to continuous, incremental process innovations, WTAR has become a digital tax consulting firm. Lehner has always…

NENI: Digital innovation in medium-sized businesses

The myth that the use of artificial intelligence (AI) only pays off in large companies is widespread but false. In reality, the effects of automation measures can be enormous, especially in small and medium-sized organizations. That is because each euro saved there is worth more in relation to the total costs than in a large…

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    Finmatics Integration Guide for ERP and Accounting Software

    Integration Buchhaltungsoftware

    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.

    VAT Returns: How AI radically simplifies the refund of input tax

    The refund of input tax amounts from other EU countries is burdensome. It is not uncommon for the cost of manual refund procedures to exceed the tax gain that comes out in the end. With the help of the AI-based software “VAT Returns”, however, the process can now be largely automated.

    Artificial Intelligence in Shared Service Centers

    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.

    Digitalization projects at Gas Connect

    Belegmanagement

    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.

    BMD: Digital Accounting Meets Intelligent Automation

    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!

    Group accounting with a little help of AI at Wiener Stadtwerke

    Konzernbuchhaltung

    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.

    Using AI for Invoice Processing

    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?

    AI PRACTICE IN ENTERPRISES: Q&A SESSION

    Abacus Founding Team

    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.

    EVENT CALENDAR 2020 – HOTSPOTS FOR DIGITAL BOOKKEEPING

    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.

    Document management supported by Artificial Intelligence

    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.

    How AI transforms the Shared Service Center

    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.

    Real-Time Accounting Enabled by AI, Blockchain and Cognitive Agents.

    There is a new tech wave in finance and accounting: Blockchain, Artificial Intelligence (AI) and Cognitive Agents enable real time accounting. This changes dramatically workflows and processes in the accounting and finance industry. Here we take a look, which new technologies occurred during the last years.

    AI-driven Software for Efficient Invoice Processing

    machine learning

    Artificial Intelligence revolutionizes “manual” software workflows and leads to new customer experiences. In this article, we explore the use of AI for document processing based on the example invoice processing.

    API vs. White Label for Artificial Intelligence Accounting

    You are a tech innovator in the field of accounting solutions? Do you want to bring Artificial Intelligence accounting to your customers? You are looking for technological solutions? Here we discuss the benefits of drawbacks of API vs. white-label software.   API for Artificial Intelligence Accounting  API is a software-to-software interface. It enables your software…

    Powerful AI and Machine Learning for Invoice Processing

    machine learning

    Artificial Intelligence revolutionizes “manual” software workflows and leads to new customer experiences. In this article, we explore the use of AI for document processing based on the example invoice processing.

    API vs. White Label for AI Accounting

    You are a tech innovator in the field of accounting solutions? You want to bring AI accounting to your customers? You are looking for technological solutions? Here we discuss benefits of drawbacks of API vs. white label software.   API for Accounting Automation  API is a software-to-software interface. It enables your software talking to an…