Miikka Savolainen is the COO of Snowfox, where he’s responsible for driving operational excellence and aligning strategic initiatives across teams to support growth and scalability. With a deep background in finance automation and a sharp focus on AP innovation, Miikka is passionate about using AI and fintech to streamline operations, reduce friction, and future-proof the finance function.
The question in the title is often asked in customer meetings; when should we start using AI to automate our purchase invoice handling process? Let’s say you’ve just implemented a new purchase to pay solution. When the changing your P2P system, the previous automation rules have been removed and you will start developing automation rules […]
Snowfox.AI has received the 2023 Google Cloud Customer of the Year Award. The announcement was made at the Google flagship event NEXT2023 in San Francisco. Snowfox.AI was recognized for its achievements in the Google Cloud ecosystem, helping joint customers increase their accounts payable invoice automation levels greatly, whilst reducing carbon emissions across the entire supply chain with artificial […]
Intelligent automation is fast becoming more and more common in financial administration. Using artificial intelligence (AI) as part of the purchase invoice handling process is an integral part of the day-to-day work in many companies today. In fact, AI is an effective way to automatize the posting and routing of invoices, which really helps to […]
Efficiency, automation, and accuracy are the cornerstones of financial management. Snowfox.AI’s artificial intelligence capability, alongside Exflow, brings these elements even more strongly into the daily operations of businesses. Snowfox.AI’s purchase invoice AI can now be easily connected as an add on module to Exflow, enabling a significant improvement in purchase invoice automation for Exflow users […]
The processing of purchase invoices has traditionally been a very manual and labor-intensive process. The most time-consuming tasks in the processing of purchase invoices are manual coding and routing the invoices for review and approval. Often, the actual physical clicking work is not the most labor-intensive part; rather, it’s the thinking work behind it. When […]
Artificial intelligence has brought the biggest leap in development for purchase invoice automation in the last decades. The change is so significant that it even seems unbelievable. I still often hear comments from our customers in the negotiation phase that ‘this sounds too good to be true.’ What kind of change does artificial intelligence bring […]
Almost all medium and large organizations have been struggling with a manual purchase invoice process for years. I have met with hundreds of large organizations over the past couple of years and have become familiar with their purchase invoicing processes. The more I have seen different organizations, the more convinced I have become that the […]
The Finnish government shared services center for finance and HR (Palkeet) is a provider of group services in the administrative branch of the Ministry of Finance. Palkeet provides finance and HR services for central government agencies, departments and funds, as well as state-owned businesses and fully state-owned limited companies that provide services for the Finnish […]
As technology has become more advanced and sophisticated, companies have turned their eyes on artificial intelligence (AI) as a way to solve a whole range of issues for them. New AI applications are being developed to automate a wider range of tasks, from customer service to fraud detection. One place where AI can have a […]
Every time we meet with financial administrators about automating their processes, they all have had one goal: to automate routine manual tasks. These tasks are usually posting and routing of invoices and manual purchase order matching. Clearly finance managers have understood that making experts do repetitive routine tasks is not sustainable. It is mind-numbing and […]
