Finmatics is an AI-driven bookkeeping software designed to automate and streamline accounting processes for firms and businesses. By leveraging artificial intelligence, it digitizes and processes documents such as invoices and receipts, significantly reducing manual effort and enhancing efficiency. The platform integrates seamlessly with major accounting systems, including DATEV, BMD, RZL, SAP, and Microsoft Business Central, facilitating smooth data transfer and workflow optimization.
Key Features and Functionality:
- Automated Document Intake: Utilizes AI to digitize unsorted document stacks up to six times faster than manual data entry. It automatically separates multi-page documents and identifies document types without the need for barcodes, stamps, or separator sheets.
- AI-Powered Booking Suggestions: Reads details from documents, recognizes business partners, and creates complete booking proposals for accountants to review and post. The machine learning algorithm continuously improves over time.
- Multi-Stage Invoice Approval Workflows: Accelerates the approval process by 50% through digital routing. Accountants and clients can collaborate via web and mobile applications, with configurable rules to minimize risk and optimize oversight.
Primary Value and User Benefits:
Finmatics addresses the challenge of time-consuming and repetitive bookkeeping tasks by automating document processing and data entry. This automation leads to time savings of up to 70%, allowing accounting professionals to focus on high-value advisory services. By integrating with existing accounting systems, Finmatics ensures a seamless transition to automated processes, enhancing overall efficiency and accuracy in financial operations.
