Invoice management is a critical component of financial operations, involving the receipt, processing, and payment of invoices to maintain cash flow and vendor relationships. Traditionally, this process relied heavily on manual tasks, leading to inefficiencies, errors and increased operational costs. As businesses grow, these challenges often become more pronounced, hindering scalability and productivity. Automation is […]
Invoice processing plays a pivotal role in financial operations, ensuring smooth cash flow, timely vendor payments and accurate financial reporting. Historically, this process relied on manual workflows, including paper invoices, handwritten entries and tedious approvals, which are now being replaced by invoice processing automation. While effective in its time, this traditional approach was prone to […]
Snowfox, a leader in AI-powered solutions for purchase invoice automation, is excited to announce a strategic partnership with TagsIT, a premier provider of business system solutions, specifically focusing on Unit4 ERP & ERPx customers in the Nordics. This collaboration aims to revolutionise invoice management processes, combining TagsIT’s extensive expertise with Snowfox’s cutting-edge technology. A New […]
Are you engaged in the field of Accounts Payable? Then you are likely familiar with acronyms such as OCR (Optical Character Recognition), RPA (Robotic Process Automation), and AI (Artificial Intelligence) in the domain of Accounts Payable automation. However, gaining a comprehensive understanding of these terms, their operational mechanisms, their potential benefits, and the extent of […]
Regarding the processing of purchase invoices, we are in a better situation than ever before. When we introduced artificial intelligence for automatic purchase invoice coding and routing for approval process in 2018, no one else was offering it. This also meant that there were no previous experiences in the market of utilizing AI in purchase […]
