PLUG IN HISTORIC DATA
AI learns from the previous 3-12 months of purchase invoice data.
Handling purchase invoices is the most time-consuming task in the accounts payable because most of the work is still done manually or with rules. But manual handling is expensive and takes a long time. And rule-based automation can only automate a fraction of invoices and none of the non-PO invoices.
Snowfox.AI posts and routes non-PO invoices automatically faster than your AP automation software.
Snowfox.AI automates the posting and routing of those non-PO invoices that don't have automation rules within your AP automation platform.
How? By working together with your current AP software.
Snowfox.AI plugs into your current system, learns from your historic posting data and automates based on that information.
In the beginning I was very skeptical if artificial intelligence could really work and help us with our work in accounts payable. Few months after the implementation, I have came into conclusion that Snowfox’s artificial intelligence actually learns quickly and works very well. Artificial intelligence really streamlines our work at accounts payable with the predictions it outputs.
Accounting Specialist, PostNord Finland
Artificial intelligence has become part of the financial administration and we are proud to be able to offer the invoice automation that it brings to our customers.
Head of Invoice Automation, Heeros
The implementation of Snowfox.AI’s artificial intelligence has significantly increased our purchase invoice automation. It has been great to witness that artificial intelligence can automatize even the most challenging purchase invoice's postings and routings.
Snowfox.AI artificial intelligence solution has significantly automatized the handling of purchase invoices and brought cost savings. Results arrived immediately after the implementation and we are very pleased about it. Without artificial intelligence, our purchase invoice automation would not be at the current level.
Group Financial Controller, Realia Group
We want to be a pioneer in the use of artificial intelligence and Snowfox.AI offers us a great opportunity from a vantage point to do so. We have received good results with the forecasts made by Snowfox, e.g. workflow proposals. We look forward for their new innovations with artificial intelligence.
Business Controller, Aava Medical Center
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.
Director, Accounting Services, Azets
Now with Snowfox.AI, around 90% of our invoices are routed automatically. This has really exceeded our expectations, and significantly decreased all manual work related to all accounts payable.
Development Manager, Mehiläinen
Our experiences with artificial intelligence are really promising. Also the possibilities of savings are honestly unbelievable.
CEO, Rillion Finland
Snowfox.AI routes and posts our purchase invoices automatically. This has really helped cut costs on both the accounts payable side, as well as the business side. After these experiences, I wouldn’t know how to go back to the way we did things before.
We have been able to improve the quality of accounting when invoices have been pre-accounted using artificial intelligence.
CIO, Renta Group
It’s great to get to work with Snowfox.AI. Through the partnership, we are able to take our customers’ purchase invoice automation to the next level in the Nordics and Europe.
Sales Director, OpusCapita
AI learns from the previous 3-12 months of purchase invoice data.
We tell the AI what accounting dimensions to predict. Then AI combs through the historic data to learn how to accurately post and route invoices.
With training is done, AI gets to work and starts predicting postings and cycles for the incoming invoices.
The invoice goes through the review and approval cycle, where it receives the final posting and approval.
Our AI learns as it works and updates its routine by making use of the actual postings and approval data.
A detailed visual report shows the real-time actions and the prediction accuracy of the AI.
AI posts invoices automatically based on historical invoice data. It even predicts multirow postings.
AI works together with your purchase invoice system by only automating invoices that you cannot process with your existing system.
AI routes invoices automatically for approval. The more the AI handles purchase invoices, the better the accuracy of its predictions become.
AI’s accuracy for predicting routings correctly is 65–90%.
You can follow in real-time how well AI is doing its job.
The reports show how accurate AI’s predictions are for each invoice dimension.
AI finds missing information even from an invoice XML or image and adds data to the correct invoice field.
AI searches for information from all the invoice data fields, such as project numbers, contract numbers, order numbers etc.
AI fetches data from invoice images and structured files. It finds missing information and adds the data to correctly post and route invoices.
AI can post and route automatically even if you only have invoice images.
AI finds missing purchase order numbers from e-invoices and invoice images and matches them with correct invoices.
We have more to come for this feature!
AI can move posted invoices straight to the booking system without an approval process.
You save a lot of time when you determine which invoices AI can handle without anyone
This number shows averagely how accurately our AI is predicting our clients’ invoice dimensions. The figure is updated daily.
With the APIs, only those purchase invoices that would otherwise go to manual processing will be processed by the AI.
Through the SFTP interface, all purchase invoices are processed by Snowfox.AI and then moved up in your purchase invoice system.
Our pricing is based on 3 things:
We only charge for the invoices the AI predicts correctly. The predictions are checked automatically with real-time reporting after the invoice completes its cycle in the system.
We don’t do big IT projects so our implementation process is quick and easy. That is why our implementation fees are not astronomical, but they do depend on your individual needs.
This is a fixed annual subscription fee. We use this fee to cover service updates, customer support, and continuous development. The amount depends on the complexity of your current system.
And that’s all. Those three fees are the only things you pay for with Snowfox.AI. We don’t charge any separate hourly or daily rates.
We believe AI is always a better option than manually handling invoices. In every imaginable way. If you need further convincing, here are four good reasons to start using AI.
Implementing the Snowfox.AI is quick. It doesn’t require an IT project, as it can be easily connected with your existing AP automation software.
When you try out our system, you’ll quickly see how Snowfox.AI enhances your purchase invoice handling process through automation.
If you’re happy with the free trial results, we can sign a contract to continue automating those invoices.
Snowfox.AI will be connected with your current AP automation software, using our interfaces. The implementation process takes 3-4 weeks.
At Snowfox, the protection of your privacy is essential. We process your personal data in a careful and secure manner, respecting your right to privacy. We abide by the General Data Protection Regulation and other data protection legislation, and we always follow the best privacy practices.
You can find more information about our privacy here.
Here are our most important security features.
The Snowfox.AI service is hosted on Google Cloud. The infrastructure of Google Cloud is one of the safest, most trusted, and most secure cloud environments in the world.
We protect your data by using secure servers and data encryption during internal and external data transfers. We store the data in an encrypted form in our databases and data warehouses.
We store your data safely. Everything is saved and transferred in an encrypted form inside EU/EEA, and we create backups regularly. This way, we ensure that your valuable information stays safe and sound, no matter what.
Snowfox's development team has certified security experience. We conduct an annual third-party security audit, which covers technical security and its underlying processes. This ensures that our service is secure and is developed and maintained with a high level of security.