Odoo Experience 2018 - Digitalize Your Accounting with Artificial Intelligence

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During this session we will introduce how your accounting processes can be automated through digitalization, using technologies such as Factur-X and OCR. These new features will allow you to easily convert paper invoices into electronic ones with the help of a smart recognition system for smoother accounting operations in Odoo.

Presentations & Public Speaking

Digitalize Your Accounting
Nathan Grognet • Product Owner
with Artificial Intelligence
EXPERIENCE
2018

Advantages
Electronic invoice
Integrated data
Automatisation
Faster transfer
Faster processing
Reduced processing costs

Invoice data extraction
Using OCR and AI (and magic)
2

Amounts
Dates
Looking for the
invoice date and total

Looking for the
invoice date and total
Total
Invoice date
Based on:
surroundings,
position,
learning,
etc.

Looking for the
invoice date and total
Total
Invoice date
Based on:
surroundings,
position,
learning,
etc.
users
feedback

Accounting
Documents
Factur-X
Scanner
BILLS ODOO
Inbox

Accounting
Documents
Factur-X
Scanner
BILLS ODOO
Inbox
Scan to
Email

Accounting
Documents
Factur-X
Scanner
BILLS ODOO
Inbox
Scan to
Email
Forward

Accounting
Documents
Factur-X
Scan to
Email
Forward
Create Bill
Scanner
BILLS ODOO
Inbox

Accounting
Documents
Factur-X
Scan to
Email
Forward
Create Bill
Upload
Scanner
BILLS ODOO
Inbox

Thank you.
#odooexperience
2018
EXPERIENCE
2018
Do you have any questions?

Odoo Experience 2018 - Digitalize Your Accounting with Artificial Intelligence

An international technology company wanted to automate the processing of invoices from thousands of global vendors to minimize errors, reduce costs, and increase speed. HCL implemented its EXACTOTM product using deep learning and natural language processing to extract data from invoices. EXACTOTM was integrated with robotic process automation to rapidly and accurately extract data from thousands of documents. The extracted data was verified and populated into the client's existing workflow to automate what was previously a manual task. This reduced average handling time by 40% and improved regulatory compliance while automating vendor identification from unstructured data.

Odoo 13: Automate Invoices Creation

Odoo

The document discusses how Odoo can automate invoice creation and processing. It begins with an overview of the benefits of automated invoice handling in Odoo for accounting. It then demonstrates how invoices can be automatically extracted from emails or uploads using OCR and machine learning to extract data and create transactions. The rest of the document provides more details on how this works, integration with e-invoices, and concludes with a demo and Q&A section.

Webinar: Building your business case for e-invoicing

OpusCapita

Most of us are aware of the benefits of getting rid of paper invoices. We save time, money and reduce errors. But what elements should you take into account when you’re building a business case? And better yet, how do you sell this type of digital transformation to your internal stakeholders. Which parts of your organization need to be involved Join our webinar to find out how to build your business case for e-invoicing and understand how to get this onto the agenda of your key stakeholders.

4 Benefits of a Digitized and Automated AP System

Flatirons Solutions®

Can AI optimize Vendor Invoice Processing?

Aavenir

From Ok Google, Alexa to chatbots, Artificial Intelligence (AI) is simplifying our lives, making everything smarter, better, and quicker. But, has AI disrupted your accounts payable processes? Yes, definitely !! Automated Invoice processing using AI is a very fascinating area in the accounts payable process with significant benefits. This is because invoice processing automation would free up back-office finance/procurement teams to focus on higher value-added tasks. Let’s understand how artificial intelligence can help automate invoice processing for your vendors on the ServiceNow platform as well as how AI-enabled cognitive invoice data extraction can transform Accounts payable processes for your organization: https://aavenir.com/3-ways-ai-can-optimize-vendor-invoice-processing/

The Customer Success App

Odoo

What does 2022 hold for AP and P2P organizations? Financial teams are transforming into agents of change tasked with finding new ways to lead. In the current global environment, the key to future success is finding new ways to adapt, scale, and capitalize on technology. We anticipate the changes we saw this year will continue, but don’t expect things to stop there. The most successful companies will be looking to lean into those changes and bring about even more dramatic transformation to their operations.

Intelligent OCR for NetSuite

Ralf Leitner

Intelligent OCR for NetSuite is an effective way to intelligently capture data from both email and paper invoices, eliminating the need for time consuming and costly manual data entry. For NetSuite users needing to scan and capture both paper and email invoices who are dissatisfied with manual data entry or inefficient OCR software, Intelligent OCR is a cloud solution that intelligently captures all of the essential data into an approval workflow. And unlike most methods of data capture, you can automate the entire process with 95% accuracy.

Docsumo Invoice Automation Guide

Pankaj Tripathi

Automated invoice processing can significantly reduce costs compared to manual invoice processing. It involves capturing invoices, extracting data using techniques like OCR or AI, validating the information, and routing invoices for approval before payment. Automating the invoice process improves accuracy, reduces processing time and human errors, enables on-time payments to avoid fines, and allows staff to focus on higher-value tasks. Selecting invoice automation software requires considering features like document classification, flexibility in file formats, processing speed, and integration with accounting systems. Overall, automating invoices can help businesses save substantial time and money compared to manual processes.

"eInvoicing put to practice in The Netherlands and abroad."

Friso de Jong

The document discusses ABB's implementation of eInvoicing and scanning workflows across 24 countries to increase efficiency and reduce costs. Key points: - ABB processes over 5 million invoices annually, of which 1 million are internal and 4 million are from suppliers. Modern integration technologies are used to connect different ERP systems. - Local legal and VAT regulations require the use of digital certificates from local authorities to sign eInvoices. Seventeen countries have implemented this process. - Benefits of eInvoicing include efficiency increases of 20-40%, automatic matching rates over 70%, and faster invoice processing times. Harmonizing invoice formats also creates efficiencies. - Success requires a well-functioning approval workflow, high

Répondre aux défis de la gestion des factures fournisseurs

SmartWave

La majorité des factures fournisseurs sont encore reçues par courrier postal ou par email. Cela implique des processus de traitement manuels longs dont les coûts peuvent représenter jusqu’à 15 CHF par facture *. Ces processus sont rendus encore plus complexes par la situation sanitaire actuelle et le travail à distance. En utilisant nos solutions pour la capture, l’extraction des données, l’automatisation des processus, l’intégration avec les ERP et les outils de stockage électronique, il est possible de réduire considérablement les coûts et pertes de productivité associés, tout en permettant aux collaborateurs de se concentrer sur des tâches à plus forte valeur ajoutée. Dans ce webinaire nous partagerons notre expérience dans la mise en œuvre de ce type de solutions et nous illustrerons cela au travers d’un cas pratique que nous avons réalisé pour la régie immobilière M3. Nos intervenants seront : • Nicolas Mérat, Head of Collaborative Solutions chez SmartWave, expert sur les sujets de dématérialisation et gestion documentaire, • Christian Meyer, Sales Account Executive chez Kofax, Produit leader du marché. Nous vous attendons nombreux ! * Source : Etude Arthur D Little pour Post@xess

SMART ERP

Ikram Elahi

Miraculous accounts payable(ap) process improvement ideas

Invoicera Tondon

How to increase ar and ap efficiency with intelligent document processing - ...

Emagia

Accounts payables with SharePoint and Nintex

ActSolution

Paper invoices and manual processing continues to hamper many organizations accounts payable operations, keeping supplier’s in the dark and failing to give finance the visibility they need to actively manage the company’s cash position. With some automation around vendor payment information and 3 way matching let us help you drive savings through discount capture, penalty avoidance and lower labor costs while improving the speed at which your team can access payables related information.

Seamless Accounting Overvidew

Scott McReynolds, CPA

This document summarizes the services provided by Seamless Accounting Team. It introduces Scott McReynolds, the CEO, and outlines the team's backgrounds and expertise. It then describes how the team streamlines accounting workflows to be more efficient, secure, and paperless. Key services discussed include vendor payments, cash flow management, and core technologies that integrate with accounting software.

Your Guide to e-invoicing

SimonAllsop3

Accounts Payable Processing Presentation

rdpigott

Delapay - Account Payable Automation Tool - Teaser

Mateusz Lukaszewski

DelaPay - Automate Account Payable Process. End to end. DelaPay helps to save time by automating all the manual work that Account Payable specialists have to do. From invoice processing to predefining payments and payment initiation without leaving DelaPay. What DelaPay does better? Higher productivity of AP specialist - do work of many; invoice processing, predefining payments & payment initiation from one place Faster invoice processing time - up to 770 invoices per hour PSD2 payment initiation - make payments without leaving DelaPay Hub Machine Learning - we’re becoming better with every invoice and predefined payment

Odoo Experience 2018 - How to Manage Accounting Firms with Odoo?

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