Use Case
AI Invoice Processing: optimizing invoice management
ABSTRACT
How to utilize Artificial Intelligence to optimize supplier accounting management, turning it into a strategic driver for efficiency and business growth.
Where: italy
Where: italy
Mission
Enhancing accuracy in corporate invoice management by tackling issues such as poor invoice quality for OCR, missing or incomplete data, discrepancies between invoices and purchase orders, and the risk of undetected fraud.
Solution
Built on SAP S/4HANA Cloud and SAP Business Technology Platform (BTP), this solution simplifies electronic invoice processing through automation and AI. It also integrates seamlessly with Public Administration to ensure efficient and scalable invoice management. The solution supports invoice processing from diverse channels, including suppliers and public entities/tax authorities, using AI-enhanced OCR for improved accuracy. It handles data extraction and exceptions with AI, facilitating user interactions in natural language. The solution can be deployed independently or integrated with SAP DRC & VIM to maximize operational efficiency and regulatory compliance.
Our use case received an award during the SAP Hack2Build initiative 2024.
Digital Ecosystem
Actions
Digital Ecosystem
- Invoice processing optimization with AI-powered OCR
- Using SAP Integration Suite for Integration with Public Administration
- Improvement of financial data accuracy and accessibility through standardization
- Implementation of standard BTP services: SAP HANA Cloud, SAP AI Core, SAP Document Information Extraction, and SAP Build Work Zone
- Development of Fiori web applications on SAP BTP with microservices architecture in a Cloud environment
Expected results
Management of invoice acquisition, data, and suppliers through a single portal.
Enhancing user interaction through a chatbot
Impacts
Technologies
Cloud
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Intelligent Ecosystems for a Cloud Strategy.
AI & Advanced Analytics
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The power of big data leads services, products and processes to a higher level of "intelligence".
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