We make things easy
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 for approval flow takes a lot of time. Traditional rule-based automation can only automate a small part of the invoices.
Artificial intelligence solves this problem. Snowfox automatically codes and routes invoices that you are currently handling manually and increases automation up to over 90%.
How does AI work in accounts payable?
Snowfox automates the coding and routing for approval flow of those invoices that don’t have automation rules within your AP solution. Snowfox 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.
How does the AI learn from invoice data?
Historic Invoice Data
To train the AI model effectively, Snowfox requires six months of historical invoice and coding data.
One-Off Stage
Model Training
AI models are trained on historical invoices and their corresponding coding and workflow data, resulting in an adaptive and robust solution.
One-Off Stage
AI Predicts Coding & Approval Flow
Leveraging trained AI models and invoice data, Snowfox intelligently predicts coding and approval flow, delivering accuracy and efficiency.
Ongoing Stage
Approval Flow
Users seamlessly review and approve invoices, ensuring accuracy and maintaining control over financial processes.
Ongoing Stage
AI Feedback Loop - Final Coding & Workflow Data
Snowfox AI models are continuously refined with updated coding and routing information, ensuring top performance and adaptability.
Ongoing Stage
Real Time Performance Insights
Snowfox's analytics tool delivers complete visibility into AI performance, providing the insights needed for trust and confidence in the system.
Ongoing Stage
Snowfox product features
Automatic coding
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.
Data fetching
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.
Prediction accuracy of the AI
- AI Handles
This number represents the average accuracy of our AI in predicting the dimensions of our clients' invoices. The figure is updated daily.
Snowfox integrates with all accounts payable software
Snowfox connects to your existing purchase invoice software or ERP through ready-made interfaces. By implementing AI, it will massively increase your financial administration’s level of automation. We use two different ways to connect: API and SFTP.
- API
With the APIs, only those purchase invoices that would otherwise go to manual processing will be processed by the AI.
- SFTP
Through the SFTP interface, all purchase invoices are processed by Snowfox and then moved up in your purchase invoice system.
Snowfox can be easily connected with all AP automation software and ERP's
Results based pricing
Why should you implement AI automation into your P2P process?
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.
- AI automates the impossible: the coding and routing of invoices. Automate those invoices that your rule-based automation system cannot handle.
- Saves time from manual work. AI can automate up to 90% of the manual work from purchase invoice processes.
- Decreases the costs of handling purchase invoices. Handling invoices manually costs over 10 € per invoice. AI will do the same work with a fraction of the costs.
- Helps you align your posting process. Different people are coding invoices in different ways. With AI, all your processes are aligned and your reporting is consistent.
Snowfox product features
Snowfox product features
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
World-Class Data Centres
The Snowfox 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.
Data Encryption
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.
The Data is Stored Inside EU/EEA
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.
Top Class Data Security
The Snowfox 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.