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Coding non-PO invoices? Now it all just happens.
With Basware, now it all just happens. Bogged down by long processing times? Handling too many non-PO invoices? With growing invoice volumes these challenges only expand.
Basware SmartCoding is a machine-learning-based solution supporting your users with the invoice coding of your non-PO invoices. SmartCoding helps to reduce the number of touches on invoices by creating coding proposals.
SmartCoding automates coding of invoices that are not linked to a purchase order or a payment plan. SmartCoding uses the history of a supplier’s invoices, combined with multiple invoice dimensions, to automatically code invoices. Basware SmartCoding alleviates the strain of exception handling for non-PO invoices and helps you further automate your invoice processing.
Globally operating organisations with a desire to harmonise all invoice processes across all locations
More than 50.000 invoice transactions per year, across multiple formats (for less invoices, see P2P for Mid-Market solutions)
Finance Shared Service Centers with a need for speed
Multi-ERP environments by integrating with any ERP
Basware SmartCoding generates more consistent invoice coding and prevents mistakes by users in the process. Data quality for reporting purposes improves and advanced machine learning continuously improves the accuracy of coding proposals.
Basware SmartCoding helps your users stay in control. Finance departments have control over how SmartCoding works by defining thresholds to steer the machine learning to remain in control over the final invoice coding decision.
One coding proposal typically doesn’t fit all, so Basware SmartCoding provides users with the Top 5 options. TOP 5 Options reinforce the consistent use of coding dimensions.
Users are guided to make the right decision on the invoice coding. This saves time and reinforces the consistent use of coding dimensions.
Basware SmartCoding is fully integrated into our AP automation which means that it can be used by anyone – by an AP clerk or by a business user – and it can be applied anywhere in the process. It guides users to make the best business decision on the created coding proposals.
Speed up non-PO invoice coding with proposals and “top 5“ confidence indicators that guide users to make the best and most efficient decisions.
More accurate and consistent usage of your coding dimensions.
AP teams have control over how and when SmartCoding is used. Guidance for the user to code invoices consistently.
Download our free Factsheet 'SmartCoding leads to Touchless Invoice Processing' now.
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Cutting-edge technology powered by AI & ML that eliminates all manual processes
Global compliance capabilities and the ability to integrate with 250 ERPs across more than 175 countries
40 years of specialised experience implementing best practices and reducing risk across finance operations
Book a consultation call with our solutions experts to discuss the benefits of Basware SmartCoding.
SmartCoding is an advanced machine-learning-based model generating very accurate invoice coding proposals to accounts payable professionals.
SmartCoding is used within Basware’s Accounts Payable solution. It is an advanced machine learning (ML) based feature, which helps our customers create coding proposals for their non-PO invoice documents. SmartCoding uses the history of a supplier’s invoices, combined with multiple invoice dimensions, to automatically code invoices, therefore reducing the need for a human to code.