Invoice processing with AI
Invoices - everyone gets them, everyone has to process them. Automated invoice management saves companies time, money, resources and significantly reduces errors. kinisto, through Contextual AI, recognizes important data on invoices more reliably than purely text and position recognition based solutions.
High-tech for invoice processing
kinisto goes a big step further than conventional invoice classification and data extraction systems. Based on Natural Language Processing (NLP) with Deep Learning methods, kinisto recognizes information in context and makes it usable.
Classification & Data Extraction
kinisto recognizes the text elements contained in the document, puts them in context with each other and extracts the relevant information in a structured manner - from the sender to invoice amounts, customer and document numbers to due dates and payment information.
Extracted data can be matched with existing information in leading systems and downstream processes can be initiated directly. This makes completely automated processing possible.
AI makes the difference
Digital processing of incoming and outgoing invoices is a powerful building block for successful process optimization. kinisto captures the information on documents and makes the data available in a structured, usable form - regardless of the format and structure of the documents.
Standard invoice capture
AI-based invoice processing
kinisto works contextually. This means that text elements are recognized and then put in relation to all other contents of a document.
In short: The context between the position and the meaning of a text module to all other modules recognized in the document is established. In this way, the actual contents can be recognized, regardless of the structure of the document.
How it works:
kinisto first recognizes the individual text modules and their position in the document. 1. A contextual analysis of the content is performed - the relationship between the recognized text modules is established. 1.
- the data is returned in a structured form and can be transferred to downstream processes.
Invoice features that kinisto can recognize:
- Vendor data
- invoice number
- Net and gross amount
- tax rate
- Account number
- VAT ID
- Individual invoice items
- and much more
Use kinisto for your invoice processing and benefit from the latest generation of AI technology - whether embedded in your software or seamlessly integrated into your company’s system landscape. We will be happy to advise you.