AUTOMATE PURCHASE INVOICE PROCESSING WITH AI.

Processing purchase invoices is one of the most time-consuming tasks for accountants.
With FabricAI the purchase invoice processing time drops from several minutes to a few seconds.

Read more

AUTOMATE PURCHASE INVOICE PROCESSING WITH AI.

Processing purchase invoices is one of the most time-consuming tasks for accountants.
With FabricAI the purchase invoice processing time drops from several minutes to a few seconds.

Read more

ACCOUNTANTS’ TOOL
FOR PROCESSING PURCHASE INVOICES.

ACCOUNTANTS’ TOOL
FOR PROCESSING PURCHASE INVOICES.

FabricAI offers an easy-to-use tool for accounting firms to automate their purchase invoice processing. It makes the purchase invoice processing time drop from several minutes to a few seconds.

AI processes purchase invoices item by item, and the accountant only needs to review the suggestions made by the AI.

FabricAI helps the accountant – it doesn’t replace them.

1Invoice based VAT handling
2Row based posting
3Seamless integration

WE REMOVE THE UNCERTAINTY FROM
PROCESSING SUGGESTIONS.

WE REMOVE THE UNCERTAINTY FROM
PROCESSING SUGGESTIONS.

FabricAI’s separate user interface enables that the accountants are provided with extra information that is not visible in accounting software.

  • The accountant understand the what, the why and the how of the AI’s processing
  • The AI tells the right way to process invoices and raises invoices that are worth spending time on

FabricAI tells the accountant how to process the invoices and which invoices are worth spending time on.

Over 20 accounting firms process their clients’ purchase invoices
automatically with FabricAI.

+2.6million

processing forecasts
per month

5.6seconds

average processing time per expense item

95%

Faster purchase invoice processing

FABRICAI ADVANCES AND BRINGS TRANSPARENCY TO PURCHASE INVOICE PROCESS.

The approximate purchase invoice processing time without FabricAI(source)

180 seconds / purchase invoice 100

The approximate purchase invoice processing time with FabricAI

26 seconds / purchase invoice 20

The approximate processing time of the fastest accountant with FabricAI

2 seconds / purchase invoice 5

THIS IS HOW ACCOUNTING FIRMS BENEFIT
FROM USING FABRICAI.

THIS IS HOW ACCOUNTING FIRMS BENEFIT
FROM USING FABRICAI.

A RESTAURANT FROM TAMPERE.

A restaurant in Tampere had to process 104 purchase invoices in June.
Among them were very long wholesaler invoices, which are typical for restaurants. The invoices had 1043 purchase lines. With the help of FabricAI, the accountant processed the invoices in 22 minutes. Therefore the time taken to process one line took only 1,27 seconds.

A WHOLESALER FROM HELSINKI.

A wholesaler in Helsinki receives hundreds of purchase invoices monthly. The majority of the invoices are processed with strong>default ledger codes. The invoices that cannot be processed with default ledger codes are directed to FabricAI to process. Previously the accountant would use 180 minutes per month to process these invoices. With FabricAI the processing time dropped to 15 minutes

A REFRIGERATION COMPANY FROM UUSIMAA.

A refrigeration company from Uusimaa started processing their invoices with FabricAI. In June, they received 96 invoices that took 29 minutes to process. With the help of Fabricai, one invoice took 8,8 seconds to process.

WANT TO HEAR HOW EASY IT IS TO AUTOMATE YOUR INVOICE PROCESSING? GET IN TOUCH WITH US.

WANT TO HEAR HOW EASY IT IS TO AUTOMATE YOUR INVOICE PROCESSING? GET IN TOUCH WITH US.

Get in touch