Arcplace AG has been helping Swiss companies to automate their accounts payable processes with the Basware platform since 2007. The partnership with Basware enables organizations to automate manual, time-consuming tasks associated with accounts payable invoices to a large extent. The new AI-based SmartPDF and SmartCoding Premium functions from Basware significantly optimize automation in the accounts payable process.
The Next Step in Automation
With SmartPDF, invoices in PDF format are automatically converted into structured data thanks to AI so that they can be seamlessly integrated into the invoice processing procedure. SmartCoding Premium goes one step further and offers intelligent suggestions for account assignment and allocation based on historical data and predefined rules.
Advantages of AI in Invoice Processing
The implementation of AI-supported functions brings several decisive advantages that lead to a significant increase in efficiency:
- Reduction of manual tasks:
by automating invoice data extraction with SmartPDF, recurring manual tasks are significantly reduced. Employees can concentrate on more value-adding activities instead of dealing with data input.
- Improved accuracy and reduced error rate:
AI algorithms can extract invoice data with high precision and minimize errors that could occur with manual input. This not only reduces the risk of errors, but also the need for time-consuming corrections.
- Acceleration of the entire process:
SmartCoding Premium enables faster processing thanks to intelligent account assignment suggestions. The AI continuously learns from existing data and thus optimizes the proposals, which leads to a reduction in processing time and therefore faster processing of invoices.
- Cost savings and ROI:
The efficiency gains achieved through further automation lead to cost savings throughout the entire accounts payable process. The return on investment (ROI) is increased as throughput times are shortened, and resources are better utilized.
Your Swiss Partner for Basware Implementations
Arcplace has been a leading provider of digital archiving and document workflow solutions in Switzerland for over 17 years. Thanks to its long-standing partnership with Basware, Arcplace is able to provide Swiss companies with the latest technologies in the field of accounts payable processing on an ongoing basis. Arcplace has extensive experience in the implementation of customized invoice processing solutions that are optimally tailored to the specific requirements of the Swiss market.
Conclusion
The combination of Basware's innovative AI technologies and Arcplace's expertise creates a modern and efficient accounts payable process for Swiss companies. With the new SmartPDF and SmartCoding Premium services, the process is optimized even further so that companies can not only benefit from cost savings and efficiency gains, but also strengthen their competitiveness in the digital age.