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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 gives better compliance too.

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Trusted by 10 000+ companies
Mining data

SEMINE has helped businesses capture more information than ever from the AP process, allowing businesses to make better data-driven decisions based on key insights, faster.

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Complete control of the AP process

By capturing time stamps through the invoice workflow, you can measure lead time in all the steps the invoice is moving through. You will be able to measure the number of credit days and deviations, how much time your approvers are using and much more.

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Faster overview of liquidity

As soon as an invoice is received in SEMINE, data is available for your analysis. Allowing you to see how much is due and to what supplier, faster than before, and not having to wait until the invoice is posted on the supplier ledger. 

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Spend analytics

With detailed data on accounting line level, you can drill down and find out everything there is to know about your businesses spending. SEMINE captures the number of units purchased, price and much more - for each invoice line. This gives your spend analysis a new level of insight.

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Compliance and accounting control

With AI and machine learning, human errors in accounting are less of an issue. To have total control you still want to do reconciliation and control the bookkeeping. With data from SEMINE, this is both easy and gives a deeper level of detail. Because of the detail on line level, you will be able to cross check products purchased to what account they are posted. 

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Mining data

SEMINE has helped businesses capture more information than ever from the AP process, allowing businesses to make better data-driven decisions based on key insights, faster.

Complete control of the AP process

By capturing time stamps through the invoice workflow, you can measure lead time in all the steps the invoice is moving through. You will be able to measure the number of credit days and deviations, how much time your approvers are using and much more.

Faster overview of liquidity

As soon as an invoice is received in SEMINE, data is available for your analysis. Allowing you to see how much is due and to what supplier, faster than before, and not having to wait until the invoice is posted on the supplier ledger. 

Spend analytics

With detailed data on accounting line level, you can drill down and find out everything there is to know about your businesses spending. SEMINE captures the number of units purchased, price and much more - for each invoice line. This gives your spend analysis a new level of insight.

Compliance and accounting control

With AI and machine learning, human errors in accounting are less of an issue. To have total control you still want to do reconciliation and control the bookkeeping. With data from SEMINE, this is both easy and gives a deeper level of detail. Because of the detail on line level, you will be able to cross check products purchased to what account they are posted. 

Improved liquidity insight
Time reduction
End-to-end insight
Impactful reporting
Strategic input
Line-level data

Use Cases

Process Optimisation
Auditing and Compliance

FAQs

Can I connect the analytics tool my organisation already uses to the SEMINE database?

Yes, you can connect the software of your choice through our SQL Connector.

Is the SEMINE data only available through a sql database?

No, even though we do offer connecting to a SQL database with structured data, you can always download Excel sheets with all accounting data directly from the SEMINE platform. 

Are the time and date for when invoices are distributed and approved available for analytics?

Yes, these data points are available with many more, such as when invoices are received from the supplier and sent from SEMINE to your financial system.

Additional resources that might be of interest to you

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Knowit AB: Streamlining accounts payable and optimizing ESG reporting Read more
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Five reasons why retail finance teams should adopt AI Read more
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Norwegian: AI solution SEMINE delivers immediate results in AP Read more