Artificial intelligence in invoice verification?

Even if one would expect Germany to be a major player in terms of artificial intelligence, the reality is currently different. China and the USA in particular are ahead of the game in the global race for AI supremacy. Therefore, the potential of AI is immense.

AI is already influencing our lives today. Be it the automatic speech and face recognition in our smartphones or the translation function in Google. In the future, AI will also play a decisive role in auditing.

And while we tend to associate artificial intelligence with robots and self-driving cars, some processes in the p2p process can already be automated today. When it comes to implementation, we differentiate between weak and strong AI.

Weak AI

Weak AI can determine performance indicators based on the analysis of a given amount of data, for example when extracting invoice data, which allows process managers to initiate process optimizations. The advantage is obvious. The determination of the key performance indicators, which previously had to be calculated manually with hard work, can now be put together in a fraction of the time using algorithms provided.



Strong AI

Strong AI, on the other hand, not only includes the analysis of the previous amount of data but can also use this analysis to independently predict future scenarios precisely and initiate the necessary work steps. Despite all the euphoria for automation, humans are still not able to optimize processes with strong AI.


Machine Learning

In addition to machine learning, artificial intelligence includes deep learning. While machine learning recognizes patterns and regularities based on existing data and algorithms, for example, deep learning in process mining does not only include the analysis of processes and their lead times. Deep learning is a specialization in machine learning and uses neural networks and large amounts of data to optimize itself.


Artificial intelligence in invoice verification

The ideal picture for operational business processes is holistic end-to-end automation. The reality is often different. In practice, it has been shown that some processes are already running digitally and some of them are also automated. However, this does not apply to all existing processes. But there is good news. For example, we are currently able to determine the invoice documents that are suitable for background posting in the future. This means that fully automated processing of an invoice is basically possible. Especially when no manual activities are required in the individual process steps. The decision as to whether future invoices should be posted in the background is currently still made by the user himself.






With pi.a analytics you are already able to specify the parameters for process optimization today. As a result, process optimization is no longer like using a dowsing rod that hopefully shows us hidden resources. Based on existing digital traces and self-learning algorithms, future optimizations can be made based on objective performance indicators. We would be happy to show you how you can optimize your company processes in a live demo.


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