Accounts Payable, Artificial Intelligence, Automation

Snowfox.AI can easily be connected with the Exflow workflow system through ready-made interfaces

September 6, 2023

Efficiency, automation, and accuracy are the cornerstones of financial management. Snowfox.AI’s artificial intelligence capability, alongside Exflow, brings these elements even more strongly into the daily operations of businesses. Snowfox.AI’s purchase invoice AI can now be easily connected as an add on module to Exflow, enabling a significant improvement in purchase invoice automation for Exflow users from the moment AI is implemented.

Snowfox has ready-made interfaces for Exflow AX 2012, Exflow Business Central, and Exflow Finance & Operations environments. These interfaces have been developed in direct collaboration with Exflow.

How does Snowfox.AI’s AI enhance purchase invoice automation for Exflow users?

Snowfox.AI is a leading provider of AI-based solutions specializing in purchase invoice automation. Snowfox’s developed purchase invoice AI is designed to significantly streamline and expedite the processing of purchase invoices. Snowfox’s service processes approximately ten million purchase invoices annually from over 30 different countries.

Now, this AI is available to Exflow users as well, offering a unique opportunity to elevate the purchase invoice processing process to a new level.

This partnership offers several advantages to Exflow users:

  1. Automated Coding: Snowfox.AI’s AI can automatically allocate incoming purchase invoices to the correct GL accounts, cost centers, tax codes and other dimensions in use. This reduces manual work and minimizes the risk of human errors, thereby improving accuracy and speed.
  2. Increased coding Accuracy: When invoices are allocated by individuals, there are often many errors. All the employees that are coding invoices are not finance professionals, and few invoice reviewers have received proper training in invoice allocation. When AI is implemented, the quality of invoice codings improves immediately.
  3. Faster Approval Workflow: AI can automatically send allocated invoices for approval. This reduces delays and speeds up the entire purchase invoice cycle, which is particularly crucial for business efficiency.
  4. Automation of building the automation: AI not only automates invoice processing but also the building of purchase invoice automation. This marks a revolutionary shift from the conventional approach of rule-based automation where each automation rule must be created and maintained manually.
  5. Efficiency and Savings: Automatic coding and a faster processing of purchase invoices save time and resources. This allows financial professionals to focus on more strategic tasks such as analysis and planning.
  6. Transparent Monitoring of AI Capabilities: Snowfox provides customers with real-time visibility into the purchase invoices processed by AI and its performance. Through analytics, it is easy to track how much automation AI has generated and how it has evolved and learned over time.
  7. Flexibility: Snowfox.AI’s AI seamlessly integrates as an add-on to Exflow, making it easy to implement and manage. The AI only processes those purchase invoices for which there is no existing automation on the Exflow side.

Efficiency and automation in purchase invoice processing

When Snowfox.AI’s purchase invoice AI is integrated into the Exflow user experience, the result is a significantly improved and streamlined purchase invoice process. Automated accounting, faster approval workflows, and efficiency are just a few of the benefits that this partnership offers.

Therefore, the collaboration between Snowfox.AI and Exflow represents a step toward smoother and more intelligent purchase invoice management. In the era of digitalization and automation, such collaborations not only save time and resources but also enable financial professionals to focus on adding value to the business.

Monitoring AI capabilities through real-time analytics

Snowfox’s purchase invoice AI seamlessly integrates into the Exflow environment without introducing any new user interface to learn. It operates as an invisible add-on, enhancing the existing system effortlessly. Instead, it only auto codes and suggests workflows within Exflow, thus automating the purchase invoice process.

However, you can easily monitor Snowfox’s operations through real-time analytics, which continuously show how well the AI has allocated and routed invoices correctly. It’s in the nature of AI to learn and evolve automatically. You can easily track this development through analytics, making AI usage a completely transparent operation.

If you are using Exflow for purchase invoice handling and are interested in exploring the possibilities offered by AI, you can contact Tuomas Haapsaari.

Tuomas Haapsaari
tuomas.haapsaari@snowfox.ai
+358 504667769.