Term
What is AI invoice processing? Meaning and explanation
AI invoice processing is recognising, checking, coding and booking invoices with artificial intelligence, without templates and based on the administration's history.
Definition
AI invoice processing is recognising, checking, coding and booking invoices with artificial intelligence, without templates and based on the administration's history.
Also known as: AI factuurverwerking, AI-factuurverwerking, Factuurverwerking met AI, AI invoice processing, Intelligente factuurverwerking
Where OCR extracts text and scan-and-recognise fills fields, AI invoice processing also decides the booking: GL account, VAT code, cost centre and contact, from past bookings, corrections, rules and instructions. Every booking gets a confidence score; above the firm's threshold it books automatically.
Further reading
Related in the knowledge base.
Guides
Automating invoice processing: a step-by-step plan for firms
Automate invoice processing in seven steps: from delivery and recognition to automatic booking on confidence. With pitfalls, KPIs and a checklist.
9 min readRead the guideFundamentalsOCR, templates or AI: which invoice recognition fits your firm?
OCR, templates and AI invoice recognition compared: how they work, what they deliver, how much maintenance they need and when each approach fits.
7 min readRead the guideFundamentalsHow does AI learn to book? An explanation for accountants
How AI learns how an administration is booked: history, corrections, rules and instructions, and what that means for new clients, exceptions and review.
7 min readRead the guide
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