Revolutionary times: A look at Finmatics Autonomous Accounting from NAVAX
In a world that is constantly evolving, it is crucial that companies digitize and automate their business processes in order to remain competitive. In this context, NAVAX presents âFinmatics Autonomous Accountingâ, an interface to the innovative âFinmatics Softwareâ, a pioneering development in the field of accounting automation. This blog post takes a closer look at the key features and benefits of the solution and integration with Business Central.
Finmatics Software
Finmatics Software is an intelligent software solution that aims to automate and optimize accounting processes - especially the invoice receipt process. Using the latest technologies and artificial intelligence (Large Language Models), Finmatics takes over the process from invoice receipt, through the separation and categorization of documents, to the selection, data enrichment and creation of booking proposals based on historical data. Thanks to the Finmatics Autonomous Accounting Integration of NAVAX, this functionality can now be used directly in Business Central.
Booking proposal
The heart of the Finmatics software - the provision of booking proposals and finished booking lines - is based on the use of a wide variety of AI models and thus offers enormous automation potential in the process from invoice receipt to booking. Large language models take the automation and optimization of processes to a new level and are constantly learning.
Efficient document processing
Documents can be transferred to the Finmatics software via various channels such as email, upload, API, etc. Based on the initial sync of master data and historical booking data between Business Central and the Finmatics software, which is carried out with just a few clicks using Finmatics Autonomous Accounting, transferred documents are then separated and categorized (if necessary). Once the data has been extracted and enriched, appropriate booking proposals are provided. Specific cases can also be trained in the training center for future postings. This automation not only saves time, but also significantly reduces the need for manual intervention. Thanks to the âFinmatics Autonomous Accountingâ interface from NAVAX, the functionality is seamlessly integrated into the existing Microsoft Dynamics 365 Business Central accounting system and users benefit from all the advantages in their familiar user interface.
Security and compliance
Security and compliance are of crucial importance in the financial world. "Finmatics Software meets the resulting obligations with ISO 27001 certification.
Advantages for companies
The introduction of Finmatics software offers companies a wide range of benefits. These include
- Time savings: Automating accounting processes significantly reduces manual effort and allows employees to focus on more strategic tasks.
- Error reduction: Automating processes reduces the number of human interventions and therefore the potential for errors.
- Cost efficiency: Automation leads to lower operating costs as less effort is required for bookkeeping
Our conclusion
"Finmatics Software marks an exciting era in the world of accounting technology. The integration of AI, efficient document processing and seamless integration make this solution a must-have for companies looking to take their financial processes to the next level. Through time savings, error reduction and cost efficiency, the âFinmatics Autonomous Accountingâ interface together with âFinmatics Softwareâ becomes the decisive element for companies in times of digitalization.
This might also interest you
Invest time in building up your knowledge. This will put you in a stronger position for the future. Our webinars are also available on-demand - whatever suits you best.
