Taking the first step is easy
and free of charge.
Our experiences with artificial intelligence are really promising. Also the possibilities of savings are honestly unbelievable.
Director, Accounting Services, Azets
Right from our first common client, we at Azets noticed that the collaboration with Snowfox.AI was easy, fast and result-oriented. The reason for the continued deepening of our cooperation is clear: Azets and Snowfox.AI have the same goal, we want to provide our customers efficient service in the most efficient way possible.
This guide provides a comprehensive overview of how artificial intelligence can be utilized to automate the purchase invoicing process.After reading the guide, you will understand:
With Non-PO invoices, you can reach an automation level between 10—40% with AP automation features. The rest is done manually. Manually handled Non-PO invoice costs at least 10 € per invoice.
Snowfox.AI automates the posting and routing for those Non-PO invoices that doesn’t have automation rules with your AP automation platform. Each invoice automated by AI saves you many Euros.
Typically 60% - 90% of Non-PO invoices are being handeled manually. The manual routing and posting costs around 10 € per invoice. The costs of AI are a tiny fraction of the costs of manual work, and you’ll see the benefits instantly after implementation.
Artificial Intelligence builds all the automation rules straight from the historic invoice and posting data and no rules need to be created manually. So, implementing AI is very easy and quick.
Implementing AI doesn’t require an IT project. Snowfox.AI can easily be connected with any AP automation software using our interfaces. Implementation takes around 3 weeks of calendar time.
Our pricing is based on the benefits you get, which means that you only pay for the automated purchase invoices. Each purchase invoice automated via Snowfox means significant cost savings for your company.
A lot of purchase invoices require manual handling. When you have AI to support you with routing and posting, the costs related to handling purchase invoices drop significantly. Handling them manually costs over 10 € per invoice—and AI will do the same work with a fraction of the costs.
When AI takes care of the routing and posting of purchase invoices, their handling becomes significantly faster. The only remaining tasks are validating and approving the invoices and confirming the posting. This makes the invoices move through the cycle much faster.
With AI, you can automate up to 90% of the manual work required to handle purchase invoices.
Different people post invoices in different ways. With AI, you can make sure that all your processes are aligned, and your reporting is clear and consistent.
To test Snowfox.AI, we need purchase invoices and their postings, as well as the related invoice circulation data from the previous 3—12 months. You can get this information from your invoice operator and purchase invoice system.
When we’ve received the data from you, we’ll start teaching it to our AI. From the data you provide, we give around 70% to the algorithm to learn. During this time, the AI will use the data to learn how invoice posting and routing is done at your company.
After we’ve taught the AI, we’ll conduct the test with the remaining 30% of the data you provided. We’ll then have clear results to show how well the system can predict future routings and postings. We go through the results together with you in further detail.
and free of charge.