A process in which routine accounting tasks are increasingly automated and performed by machine.
Accounting automation means a revolution in accounting departments, where positions such as employees transcribing printed documents into information systems or simple accounting operations that require document comparisons will disappear. In the future, accountants will only be tasked with resolving exceptions, working with more advanced data, or focusing on properly functioning cash flow.
An example of accounting automation is the ORiON EDI system, which automates the transfer of documents between the accounting systems of the supplier and the customer, including their archiving.
Where suppliers are not ready for advanced EDI communication, companies can at least use the automation of processing received invoices iNVOiCE FLOW . Using artificial intelligence, it extracts the necessary data from invoices, administers the electronic approval process and then imports the invoices into the company's accounting system, including their reliable archiving in a secure data center.
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