Long processing times and a high percentage of exceptions are the biggest challenges in Accounts Payable. Basware’s new SmartCoding provides advanced machine learning (ML) to help overcome this challenge for you.
The new Basware SmartCoding is an advanced machine-learning (ML) based solution for creating invoice coding proposals for non-PO invoices. SmartCoding uses a wide historical set of supplier invoices combined with multiple invoice dimensions to automatically code invoices, therefore reducing the need for manual coding.The new SmartCoding generates more consistent invoice coding and prevents mistakes by users in the process. Users are guided throughout their journey to make the best possible business decision on invoice coding proposals. Data quality for reporting purposes improves and advanced machine learning continuously improves the accuracy of coding proposals.
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