Optimized invoice workflow with state-of-the-art AI
In collaboration with our partner fido GmbH & Co. KG., the international recycling company TEXAID implements smart INVOICE as their starting point for a fully digitized invoice processing.
A veritable flood of incoming invoices trough different channels and at several branch offices in Switzerland, Germany, Austria, Bulgaria, Hungary and the USA – that was the challenge the recycling specialist TEXAID wanted to overcome.
With the integration of smart INVOICE, the Insiders solution for automated invoice receipt processing, the entire invoice workflow could not only be digitized, but also optimized – naturally spanning multiple locations and input channels.
This is made possible by our innovative AI behind smart INVOICE, which, after the decentralized digitization of incoming documents, automatically reads the information from all invoices and then forwards the relevant data in bundled and structured form to the further processing point in the document management system M‑Files. M‑Files then informs the relevant responsible parties and prompts them to release or process the documents. In the final step, the documents are transferred to SAP Business One and, if necessary, archived.
Compared to traditional, manual invoice receipt processing, high error rates and redundancies in processing are a thing of the past with smart INVOICE’s technologically leading AI. In addition, TEXAID and its customers benefit from a significant reduction in the duration of the invoice process. Thus, thanks to the integration of smart INVOICE into the modern invoice workflow, valuable resources are saved – in accordance with the spirit of sustainability.