Artificial intelligence enables largely automated invoice processing, thereby reducing effort and processing times. Our current webinar series presents modern AI approaches in Purchase-to-Pay (P2P) and Order-to-Cash (O2C) and showcases real-world solutions.
An efficient P2P process fosters competitiveness and has a direct impact on a company’s cash flow, earnings, and reputation. At the same time, the processing of incoming invoices in particular is often highly complex and involves many manual steps. This leads to drawbacks such as a high susceptibility to errors, a lack of transparency, long processing times resulting in lost cash discounts, significant process costs, and ultimately suboptimal management of supplier relationships. Automation using modern AI solutions offers significant potential for improvement here: For example, thanks to artificial intelligence, the BASF Group reduced the processing time for 3.5 million incoming invoices per year by 50 percent and was able to reduce headcount by 40 FTEs. Modern cloud services make these solutions and performance gains quickly and easily available to small and medium-sized businesses as well. Dr. Rainer Czech, Head of the P2P Business Unit at Insiders Technologies, explains:
“Automating invoice processing using AI offers significant potential for savings. Such solutions are now not only straightforward and quick to implement, but also affordable for all companies.”
In this webinar series, we’ll show you how the purchase-to--Pay and Order-to-Cash processes can be automated with the help of AI-based data capture, all the way through to fully automated back-office processing. The first webinar on April 26, 2022, will demonstrate how modern AIprocesses can extract all relevant invoice information regardless of layout and verify invoices for content plausibility and formal correctness . Through an intelligent three-way match of the invoice, purchase order, and delivery, correct invoices can be approved fully automatically. The other webinars will cover topics such as the increasing use of e-invoices—for example, in the X-Rechnung or ZUGFeRD formats—and their standardized processing. In addition, the webinars will cover AI-based invoice processing as a process fully integrated into SAP —from invoice receipt through approval to touchless processing—as well as the easy use of cloud services for invoice reading. In our webinars, we’ll use live presentations and concrete real-world examples to show you which services can be delivered out-of-the-box with our smart INVOICE solution, without lengthy implementation or training periods. You’ll also have the opportunity to ask your specific questions directly to our experts. View an overview of all topics and dates now and register for free!
