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 […]
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 […]
Increasing automation in financial administration has been a bit of a struggle for companies. Sure, there are parts of processes and tasks that have been possible to automate. But one area for which there have not been great automation solutions is purchase invoice handling. Yet, this is usually where companies have a lot to gain […]
Read any finance automation software service provider’s website or finance thought leadership content and you’ll see the call for transforming financial administration into a strategic partner for business. We also say that and we firmly believe in it. But it is easier said than done. Financial administration is often a unit where there is no […]
You have probably heard the argument that technology will transform financial administration from a manual processor into a strategic partner for business. This will mostly happen through the freed up time finance admins will have after technology will automatically handle the work they have done by hand. There are two sides to the argument. Firstly, […]
Automation in financial administration is nothing new. It has been a topic of interest for a good decade at least. Yet, it still remains often underused, sometimes poorly understood or even occasionally resisted. Why is this and what can companies do to increase automation in their organizations? We reached out to nine experts in financial […]
Snowfox.AI and OpusCapita join their forces on the quest to provide the best possible solution for automating invoice processing for both PO and non-PO invoices. Although invoice automation and artificial intelligence have been talked about in the industry for years, Snowfox.AI and OpusCapita see that many businesses still handle a majority of their invoices manually. […]
At Snowfox we meet dozens of customers on weekly basis. Our Customer Journey consists of 4 phases: Meet’n greet cost-free AI trial startup customer success and support, including service expansions, new countries, etc. We have noticed that we get asked the same questions frequently. I want to address the top 10 questions here: 1. We have a lot of […]
