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Auditing and Compliance

A higher degree of automation means less human intervention and increased data quality.

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Trusted by 10 000+ companies

Automation and data quality

Line-based VAT accounting

Line-based accounting allows for multiple VAT codes in a single invoice. Hence, you can rest assured that your VAT reporting will be compliant.

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Transparency

SEMINE’s comprehensive audit trail allows you to not only trace all transactions, but also to understand the logic behind the processes.

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Compliance

Invoices are automatically matched with vendor agreements, resulting in a faster process without common, time-consuming errors such as late or double payments.

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Line-based VAT accounting

Line-based accounting allows for multiple VAT codes in a single invoice. Hence, you can rest assured that your VAT reporting will be compliant.

Transparency

SEMINE’s comprehensive audit trail allows you to not only trace all transactions, but also to understand the logic behind the processes.

Compliance

Invoices are automatically matched with vendor agreements, resulting in a faster process without common, time-consuming errors such as late or double payments.

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Why choose SEMINE?

Cost optimisation
Line-based VAT code prediction
No more late payments
No more double payments
GL code prediction
Cost optimisation
Line-based VAT code prediction
No more late payments
No more double payments
GL code prediction
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Cost optimisation

Get a clear view of where value can be added and costs can be saved.

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Line-based VAT code prediction

It is not uncommon that invoices have different VAT rates on different line items. SEMINE predicts these individually to make sure that the VAT reporting is compliant.

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No more late payments

With SEMINE the handling of invoices will be swift and they will be paid on time.

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No more double payments

SEMINE will reject invoices that have already been received. Hence you will avoid double payments.

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GL code prediction

The right cost on the right GL account leads to consistent and compliant accounting.

Use Cases

Process Optimisation
Digitalisation
Insights and Analytics
Business Performance
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Process Optimisation

SEMINE simplifies complex and varied processes to empower finance teams with touch-less accounting. Benefit from hyper automation and 100% accuracy.

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Digitalisation

Even if your business is currently very manual and paper-based, SEMINE has been proven to transform and elevate processes to a high level of automation and digitalisation.

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Insights and Analytics

SEMINE’s high-quality data makes it easier to make decisions that can save costs and improve liquidity. Better insight provides better compliance too.

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Business Performance

Use insight from line-level data to inform better business decisions that truly optimise performance. SEMINE gives you access to unprecedented levels of detail and oversight.

FAQs

If the AI is overruled by humans, are the changes logged?

SEMINE will always know if the submitted data was based on an AI suggestion or overruled by humans. This is visible on the platform.

For how long does SEMINE store the data?

As of now, no data is deleted on active customer accounts. It is expected, however, that there will be a time limit in the future.

Where is the data stored?

Microsoft Azure Norway, region East. 

Can changes be made to the invoice once it has been posted?

Once the information is transferred to the ERP system, no changes can be made to any dimensions (G/L, VAT etc). However, you can still comment on invoices and upload additional attachments. 

Book a demo

 

See for yourself how SEMINE is revolutionising the finance sector.

Book a 20-minute non-binding video meeting with us. We will assess your situation and needs while giving you the opportunity to see for yourself how SEMINE works through a brief demonstration.

Book now

Additional resources that might be of interest to you

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Svevia Norway: How AI improved procurement and invoice workflow Read more
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AI for increased profitability in the wholesale industry Read more