AI learns from the previous 3-12 months of purchase invoices and related coding data.
Handling purchase invoices is the most time-consuming task in the accounts payable because most of the work is still done manually. Manual coding and routing is expensive and takes a lot of time. Traditional rule-based automation can only automate a small part of the invoices.
Snowfox.AI codes and routes those invoices automatically that you are handling manually right now and increases automation up to over 90%.
Snowfox.AI automates the coding and routing for approval flow of those invoices that don't have automation rules within your AP solution.
Snowfox.AI can be easily connected with your current AP software or ERP as an add on module.
AI learns from your historic coding and workflow data and increases invoice automation immediately up to 90%. No rules need to be created for AI to learn.
In the very first month, the prediction accuracy of invoices covered by the automation increased to over 80%, and at the moment we are already above 90%.
Enterprise Architect, Kiinteistötahkola Ltd
After implementing Snowfox, the duration of our sending and review tasks in P2P has dropped by 4 days.
Financial Systems Manager, Cramo Group
Artificial intelligence has allowed us to take a leap forward with our automation levels. That results in smoother processing of purchase invoices and in time savings
Business Manager, Sarastia
The biggest tangible impact is that we have doubled the number of purchase invoices since we started using Snowfox AI, and we are able to handle the invoices with the same resources.
Team Lead, PHM Group
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, Retta
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
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.
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 invoices and related coding data.
AI combs through the historic data to learn how your invoices are coded and routed before.
After training is done, AI gets to work and starts predicting codings and approval flow for the incoming invoices.
Invoices goes through your approval flow, where they receive the final coding and approval flow.
AI receives the final coding and workflow data as a feedback and updates the AI models based on that.
A detailed visual analytics tool shows transparently, how AI has performed and improved.
AI codes 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 automatically with your existing system.
AI routes invoices automatically for approval flow. The more the AI handles purchase invoices, the better the accuracy of its predictions become.
AI’s accuracy for predicting workflow correctly is 70–95%.
You can follow real-time how correctly AI is performing.
The reports show how accurate AI’s coding and routing predictions are for each coding dimension.
AI finds missing information from an invoice XML or image and populates data to the correct invoice field.
AI fetches all kind of reference data from all the invoice data fields, such as project numbers, contract numbers, purchase order numbers etc.
Snowfox is using all the data from invoice images for the AI prediction purposes. We are not creating a structured data format from the invoice image but analyzing all the text content for the AI predictions.
AI can code and route automatically even if you only are receiving invoice images.
AI finds missing purchase order numbers from invoice data and invoice images and populates the correct PO field.
We have more to come for this feature!
AI can move auto coded 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 invoices have been approved.
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.
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.
We will provide you a free AI capability test with your historic invoice data. We only need 3 - 12 months of historic invoices and the related coding data and we will build and test AI models for you.
If you’re happy with the AI capability test results and our pricing, we can sign a contract to continue increasing your purchase invoices.
Snowfox.AI will be connected with your current AP automation software or ERP, using our interfaces. The implementation process takes 3-4 weeks of calendar time.
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.