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500 million invoices are processed annually
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About the service

smart INVOICE is our flagship product for automated invoice processing. It instantly captures all necessary business information trapped within the invoice and re-routes any missing or unreadable information to a human verifier. Thanks to vendor-independent learning algorithms, no system adjustments or previous trainings are required. Smart INVOICE allows you to export structured data extracted from the invoice into any process automation, accounting or ERP system.

Industry

Insurance
Financial Service

Process

Purchase to Pay

Category

Interaction Intelligence

Key Features

N
Captures more than 50 header and line items – out-of-the-box
N
Differentiates between invoices with and without order reference
N
Matches data based on top-down and fuzzy search algorithms
N
Checks against purchase order and goods receipt data and identifies quantity mismatches
N
Applies mathematical checks on the extracted invoice amounts
N
Facilitates automated compliance checks
N
Offers comfortable web-based GUI optimized for swift verification

Extracted fields

Z

General information (recipient, date, order number, …)

Z
Creditor-specific details
Z
Payment-specific details (incl. payment conditions, payment methods, bank data…)
Z
Line items
Z
Amounts (incl. tax rate, currency, …)

Supported Documents

N

Sales invoices

N

Purchase invoices

N

Reverse charges

N

Pro Forma invoices

N

Partial and collective invoices

N

E-invoices

N

Credit notes

N

Dunning letters

Get started

Get in touch to see how Insiders can unlock
the value hidden in your invoices.

AI Technologies

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5

Graph Neural Networks

5

Recurrent Neural Networks

5

Convolution Neural Networks

5

Natural Language Processing

5

Computer Vision

5

Active Learning

5

Fuzzy-Matching

… in our Service

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5

Intelligent Image Cleanup

5

Automatic Document Separation

5

Pretrained Document Classification

5

Self-Learning Data Extraction

5

Deep Learning Based Table Analysis

5

Intelligent Data Matching

5

Auto Accounting

“Innovative and technologically leading products in global use is what our customers expect from us – and that’s what we expect as a customer as well. Insiders impressed us with excellent standard products from the very outset. Today, we process our invoices more quickly and a lot more efficiently. Insiders has a thorough understanding of the automotive industry.”

Martin Gräber

IT Application Management
MAHLE Behr GmbH Co. KG

“Easy, flexible and efficient – this is how invoice processing works with Insiders in the cloud. We are thrilled”

Christian Steiger

Division Manager
Haufe-Lexware GmbH & Co. KG

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