Finance automation (e.g. in the SAP Purchase-To-Pay or order-to-cash process) acts on the basis of the available financial data of the respective company. The ideal prerequisite for this is correct, structured and reliable data. And this is exactly why the two data and AI-driven companies are a perfect match.
Avvaneo stands for high-quality Finance Automation
Avvaneo is a pioneer in finance automation. The focus is on optimizing financial processes in the SAP environment. Innovative technologies and methods such as data science and artificial intelligence are used.
BLU DELTA stands for high-quality Capture Automation
BLU DELTA (as an intelligent OCR in the SAP environment) delivers high-quality data, which is automatically created and optimized. The BLU DELTA AI automates a crucial gap – the transition from paper and PDF documents to machine-readable data. Uniform recording of documents, low error rate and “real-time” availability of data in the corporate environment are key factors for accounting, finance planning and reporting today.
Example: Optimizing SAP Purchase-To-Pay Processes
Avvaneo uses data analysis to look behind the scenes of the finance departments. In the following example, the process of incoming invoice processing with a missing order reference was analyzed. The G/L account assignment is particularly challenging here, since traditional systems very often only achieve a high level of automation using reference data.
With artificial intelligence and an increased recognition quality, it is now possible to automate use cases like purchase-to-pay oder order-to-cash. In the following article by Avvaneo, read an analysis of a customer from the logistics industry: Autopilot for account assignment in finance using artificial intelligence
