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Accounting

Streamline your invoice processing with SEMINE

Schedule a demo
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Trusted by 10 000+ companies

Invoice processing software for accounting teams

Many systems only extract data from invoices at the header level, which means that accountants must spend more time adding, dividing, and editing line items. With SEMINE, this is not necessary. Our solution captures every accounting line and gives you AI-driven accounting suggestions for all lines individually, giving you more precise accounting and deeper insights after posting. 

SEMINE learns from the first posted invoice, meaning you will get automated accounting from the very second an invoice is processed in the system. The AI engine within SEMINE can be used on all accounting parameters, not only the G/L account, as well as VAT codes, projects, departments, cost centres and all other accounting parameters.

What are the benefits?

Reduce manual workflow

Your accounting team’s time is better spent on more important work then distributing invoices. SEMINE’s AI engine frees up valuable resources tied up to invoice distribution, creating time for more valuable tasks.

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Lower the risk of human error

SEMINE’s continuously improving machine learning capabilities ensures the accuracy of all data. When a machine does the accounting for you, it means lower risk for human accounting errors.

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Maintain relationships with suppliers

Smart, automated invoice processing helps you avoid overdue payments to your suppliers. 

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Complete activity log

SEMINE is able to search for time stamps on invoices, and automatically add the necessary accounting lines for the corresponding accruals in order to get the booking correct.

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Access to back-end information

Unlike other systems, SEMINE doesn't just add the G/L account for all accounting lines on an invoice – other dimensions or accounting parameters used in your organisation’s financials can also be included.

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Confidence level

When AI or other automation techniques are used, SEMINE will always show the confidence level of the booking. This means you can rest assured the booking is completed to the compliance level your organisation demands.

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Reduce manual workflow

Your accounting team’s time is better spent on more important work then distributing invoices. SEMINE’s AI engine frees up valuable resources tied up to invoice distribution, creating time for more valuable tasks.

Lower the risk of human error

SEMINE’s continuously improving machine learning capabilities ensures the accuracy of all data. When a machine does the accounting for you, it means lower risk for human accounting errors.

Maintain relationships with suppliers

Smart, automated invoice processing helps you avoid overdue payments to your suppliers. 

en_workflow_3x
en_accounting_3x
quality_Image
Complete activity log

SEMINE is able to search for time stamps on invoices, and automatically add the necessary accounting lines for the corresponding accruals in order to get the booking correct.

Access to back-end information

Unlike other systems, SEMINE doesn't just add the G/L account for all accounting lines on an invoice – other dimensions or accounting parameters used in your organisation’s financials can also be included.

Confidence level

When AI or other automation techniques are used, SEMINE will always show the confidence level of the booking. This means you can rest assured the booking is completed to the compliance level your organisation demands.

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access_to_back_end_information_Image
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Here’s what our customers have to say

Industries

Accounting Agencies
Shared Service Centre
Retail
Real Estate
Hospitality
Automotive
Construction
Energy
Other
Accounting Agencies
Shared Service Centre
Retail
Real Estate
Hospitality
Automotive
Construction
Energy
Other
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Accounting Agencies

Digital transformation is everywhere – yet the traditional accounting industry has remained risk-averse by nature. It’s time for change.

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Shared Service Centre

Streamlined automated processes allow you to become the shared service centre that enhances business performance, not limits it.  

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Retail

More manageable workloads with a software solution that improves margins, reduces costs, and increases efficiency with every invoice.

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Real Estate

More detail, more insight and more time for the tasks that matter. Easy invoice approval on the go through SEMINE mobile app.

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Hospitality

SEMINE will allocate and split different invoice lines and assign them to the correct accounting codes.

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Automotive

Our solution reads every bit of every invoice, ensuring data is exactly where it should be, exactly when you need it.

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Construction

Spend more time with your stakeholders and less on repetitive tasks. Approved invoices with one click on a laptop or mobile device. 

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Energy

Improve visibility and control by automatically capturing relevant data from all invoices. Invoice approval on the go.

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Other

We work with organisations from a wide variety of industries, not just the ones featured on our website.

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FAQs

What visual indicators does SEMINE provide to show that AI has been utilized for account suggestions?

SEMINE will show you an AI icon on each of the accounting lines and the level of certainty for the account suggestion.

What is the mechanism used by SEMINE to determine the correct VAT code?

SEMINIE utilizes advanced invoice interpretation and AI to suggest VAT codes for each accounting line. Additionally, the system displays the level of certainty for each suggestion, ensuring accuracy and transparency.

Can SEMINE automate accounting using any other methods?

One of the many tools that SEMINE offers to automate the accounts payable process is AI. However, it also includes other tools such as text analysis and a rule engine that our customers can use for various tasks.

Seamless integration

Learn more

Our seamless integration capability connects SEMINE to key ERP, accounting platforms and financial systems. If you don’t see your system, that’s where the SEMINE API comes in. Using our open API, partners have built many integrations themselves, connecting SEMINE to the systems they use.

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

Here’s some resource you might also find interesting

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OBOS: Semine automates the posting of half a million invoices Read more