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1
AN ARTIFICIAL INTELLIGENCE BASED SOLUTION
ENABLING COMPANIES TO
AUTOMATICALLY EXTRACT AND UNDERSTAND
INVOICES DATA
21. ABOUT KANTIFY
RECOGNITION & PARTNERS
WINNER
BEST MACHINE
LEARNING STARTUPS
DEC 2016
RECOGNITION
AI PRICING LEADER
JUL ...
32. THE CHALLENGE
€12
AVERAGE COST OF
HANDLING ONE INVOICE IN A MANUAL
WAY
Source : European Central Bank, 2016
55%
OF ACC...
43. TODAY’S PROCESS
EXTRACT
PDF OR
IMAGE OF AN
INVOICE
STRUCTURED
DOCUMENT
CAN BE USED BY ACCOUNTING
SYSTEM
ANALYZE
INSIGH...
54. OUR SOLUTION
ONLINE
PLATFORM & API
TEMPLATE FREE,
THANKS TO AI
EXTRACTS AND
ANALYZES ALL
INFORMATION FROM
INVOICES
65. WHAT WE ARE CURRENTLY LOOKING FOR
FINANCIAL
CONTROLLERS/
ACCOUNTANTS WITH
A LOT OF INVOICES
INVESTORS WITH
STRONG LINK...
7
THANK YOU
segolene@kantify.com
www.kantify.com
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FinTech Belgium - MeetUp on Digitalisation of Accounting - Segolene Martin - Kantify - 14-03-19

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FinTech Belgium - MeetUp on Digitalisation of Accounting - Segolene Martin - Kantify - 14-03-19

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FinTech Belgium - MeetUp on Digitalisation of Accounting - Segolene Martin - Kantify - 14-03-19

  1. 1. 1 AN ARTIFICIAL INTELLIGENCE BASED SOLUTION ENABLING COMPANIES TO AUTOMATICALLY EXTRACT AND UNDERSTAND INVOICES DATA
  2. 2. 21. ABOUT KANTIFY RECOGNITION & PARTNERS WINNER BEST MACHINE LEARNING STARTUPS DEC 2016 RECOGNITION AI PRICING LEADER JUL 2017 WINNER ADVANCED MACHINE LEARNING STARTUP MAY 2017 JUL 2017 LAUREATE START BATCH #4 CLUSTER BOARD MEMBER FEB 2018 RECOGNITIONS Prof. Dr. KOEN TACKX Pricing & Strategy Vlerick Business School Prof. Dr. ANN NOWE Artificial Intelligence VUB Prof. Dr. MALAIKA BRENGMAN Marketing VUB Prof. Dr. HUGUES BERSINI Artificial Intelligence ULB SCIENTIFIC BOARD
  3. 3. 32. THE CHALLENGE €12 AVERAGE COST OF HANDLING ONE INVOICE IN A MANUAL WAY Source : European Central Bank, 2016 55% OF ACCOUNTING DEPARTMENTS THAT DECLARED IN 2018 THAT THEY ARE NOT USING OCR FOR ONLINE INVOICE APPROVAL Source: Bain, 2018 37 BILLION INVOICES SENT PER YEAR IN EU 9 BILLION ARE E-INVOICES Source: Billensis, 2017
  4. 4. 43. TODAY’S PROCESS EXTRACT PDF OR IMAGE OF AN INVOICE STRUCTURED DOCUMENT CAN BE USED BY ACCOUNTING SYSTEM ANALYZE INSIGHTS CAN BE USED TO LEAD A COMPANY MANAGEMENT ACCOUNTING, AUDIT, CONTROLLING, PROCUREMENT OCR RECOGNIZING CHARACTERS IN DOCUMENTS PARSING MAKING SENSE OF THE WORDS AND STRUCTURE OF A DOCUMENT BOOKKEEPING CHECKING ENSURING A DOCUMENT IS COMPLETE AND CORRECT MATCHING ENSURING A DOCUMENT IS PART OF A BUSINESS PROCESS COM- PARING BENCHMARKING DIFFERENT SUPPLIERS AGAINST EACH OTHER OPTI- MIZING USING YOUR POSITION TO LEVERAGE A BETTER POSITION SAFE- GUARDING PREVENTING UNDUE RISKS AND FRAUD TEMPLATE SPECIFIC LIMITED FIELDS
  5. 5. 54. OUR SOLUTION ONLINE PLATFORM & API TEMPLATE FREE, THANKS TO AI EXTRACTS AND ANALYZES ALL INFORMATION FROM INVOICES
  6. 6. 65. WHAT WE ARE CURRENTLY LOOKING FOR FINANCIAL CONTROLLERS/ ACCOUNTANTS WITH A LOT OF INVOICES INVESTORS WITH STRONG LINKS TO FINTECH ENVIRONMENT PROFESSIONALS INTERESTED IN USING OUR SOLUTION
  7. 7. 7 THANK YOU segolene@kantify.com www.kantify.com

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