Automated double entry accounting
Because the AP platform generates the posting there is no need of manual bookkeeping.
2021: Gartner recognise SEMINE as one of the leading providers within Payable Invoice Automation Solutions
2021: Gartner recognise SEMINE as one of the leading providers within Payable Invoice Automation Solutions
Because data entry by the machine can be verified using confidence scoring dashboards you efficiently scale your finance allowing to work with many documents in a batch. When vendors reach really high confidence you can fully automate them making them invisible with no workload.
The machine effectively identifies the header elements and match the vendor against the vendor register and any official records. Any header dimension is also automatically coded an any required dimension applied.
Semine automatically identifies if the voucher requires accruals and adds the required entries.
With an automatic sync to the ERP system the platform also understands the labels defined and auto applies them in the same process.
Because the AP platform generates the posting there is no need of manual bookkeeping.
We have created fully syncs towards the market leaders for enterprise resource management systems and offers a full sync of all the master data such as GL accounts, VAT settings and payments.
We also offers to sync purchase orders and match the goods of receipt.
Processing time is reduced dramatically so you can claim early birds discounts from your vendors. The discount itself can often be more than our system cost itself.
Processing time is reduced dramatically so you can claim early birds discounts from your vendors. The discount itself can often be more than our system cost itself.
Autogrouping of line items for VAT and dimensions
Automatic sync to ERP if full match
Support for advanced setup of workflows
Generate double entry
Automatic matching of Purchase Order
Verification of KID and other required fields
Verify amounts and automate actions
Verify total amount and triggers
Check for duplicates and master data
Verify if vendor is pre-approved
Verify if vendor exist in official records.
Automatically periodisation and add to balance.
User can use mentions and effectively communicate with each other. The comments are documented as a part of the AP audit trail.
Any goods of receipt can be matched against the received invoice in order to automate approvals and payment.
Most companies strives with long approval processes making it impossible to claim early bird discounts. Semine makes your AP a profit center.
All purchase orders are separated from cost based invoices and fully automated upon match.
Use the intuitive interfaces to quickly identify any AP invoice and see the audit trail and related comments and history.
As the triggers for the approvers are identified automatically the vendor payment can released as soon the approvers aknowledged using the AP approval client or mobile.
