Made in Germany
Intelligent text recognition
Process payment advice notes with OCR
Our AI-based OCR solution extracts information relevant to accounting from payment advice notes in order to automate the posting of accounts. The extracted data is then reliably transferred to your software or workflows via API.
Integrate payment advice notes automatically into bank statement processing.
Readable data includes:
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IBAN
Customer account number
Advice note number
Document date
Payment amount per invoice
Currency
Document number
Your receipt
Total discount
Discount per invoice
Use case
Payment advice processing in the SAP standard
Your advantages
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High detection accuracy right from the start
The AI learns specific requirements from the content of your documents and immediately achieves high recognition accuracy. Fully automated tests guarantee a release without failures after each training of the AI and ensure the constant availability of the learning AI.
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Professional feedback for the AI
Our AI can be used immediately and continues to learn. The software recognizes content such as invoice numbers and invoice amounts and automates the reading of open items. This even enables automated posting in the SAP standard. The effort involved in processing payment advice notes with many individual items is reduced to a minimum and errors are avoided. To improve the AI of payment advice notes, you don't need an IT expert, just training for the specialist department.
Cash management in SAP
Strong connection to accounting processes
Konfuzio enables mass import and forwarding to subsequent applications. The API can also be used to implement file splitting, filter options, plausibility checks and enrichment with meta information and mapping by our partners. Transformation into various export formats or logging and archiving are also possible. Extended account statement monitoring can be carried out via a Fiori app, for example.
FAQ
Frequently Asked Questions
01.
How does an OCR with AI work?
OCR software with AI automatically reads the various fields in payment advice notes and other documents - the OCR recognizes which fields contain the relevant information and extracts the corresponding data. After extraction, this data is transferred to the company software.
02.
Which companies benefit from OCR for payment advice notes?
Any company that wants to optimize the processing of payment advice notes and thus relieve the accounting department can benefit from OCR with AI. Data extraction technology is particularly interesting for companies with a lot of document and data processing. Read more use cases here.
03.
Which documents can be processed in addition to invoices?
The OCR with AI from Konfuzio can automatically read a wide range of documents. In addition to invoices, official documents, identity papers, various applications and much more, individual documents can also be defined and learned by the OCR with AI.
04.
Is the data collected secure?
Whether it's an invoice, ID card, application or contract: documents often contain private and data protection-relevant information. This is why data is always subject to the highest level of protection at Konfuzio and is only stored on servers within the EU. Data protection is guaranteed in compliance with the GDPR.
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