Industry teaches Konfuzio

Konfuzio learns new interdisciplinary tasks and can be used throughout the company. Find inspiration for possible use cases for Konfuzio AI at your company.
For more information, please feel free to request a handout.

    Transform

    Contract management
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    Challenge

    In companies, employees spend about 22 minutes a day or 11 working days a year searching for the required information in contracts.

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    How can Konfuzio help?

    Konfuzio converts contracts into a machine readable form. Our artificial intelligence recognizes the important elements in contracts that can span hundreds of pages thanks to pre-trained AI-models or models specially trained by the customer.

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    Solution

    The transformation of Konfuzio reduces the search time considerably and guarantees a stable contract management with a good overview.

    Recognize

    Payment notification
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    Challenge

    More than 20% of the largest companies still employ about 21 accountants per $1 billion in revenue. If each of these employees made up to 50 entries a day, you would have more than 1000 manual transactions a day for a company with $1 billion in revenue.

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    How can Konfuzio help?

    Konfuzio recognizes the required data such as names, addresses, invoice amounts or invoice dates and assigns them to the respective suppliers.

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    Solution

    Thanks to Konfuzio, these accounting processes are significantly accelerated and employees are often spared monotonous work so they can focus on other more important issues.

    Manage

    Liquidity management
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    Challenge

    Managing liabilities by processing invoices, accepting orders or using payment terms is an enormous cost factor for smaller companies.

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    How can Konfuzio help?

    We helped a German medium-sized company with the elimination of the auditing of accounts by having our software analyze the necessary invoice documents, check them for correctness and structure them accordingly.

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    Solution

    With the Konfuzio solution, invoices, payment notifications and purchase orders can be transferred directly into SAP without lengthy invoice checks.

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