Gartner once again recognises SEMINE

Gartner has once again recognised SEMINE as a leading player in Accounts Payable automation in its latest report, "Market Guide for Accounts Payable Invoice Automation Solutions." 

This is the second time Semine has been highlighted, with the first recognition in 2021. This repeated acknowledgment reinforces Semines’s position in a rapidly growing market characterised by increasingly advanced AI technologies and a demand for more streamlined, intelligent solutions.

Semine's groundbreaking technology

Semines’s intelligent AI solution for accounts payable automation streamlines invoice handling, making the process faster and more accurate. This innovative technology has contributed to Semine being included on Gartner’s list once again. Robert Kristiansen, Founder and Chief Innovation Officer at Semine, comments on the recognition:

– Being recognised by Gartner again is a great honor and confirms our position as a leader in intelligent automation. The report highlights several important trends and findings in the APIA market. I have especially noted the growing trend of companies using 'best-of-breed' solutions and becoming much more aware of the potential in machine learning and various AI techniques.

 

Expanding Semine's reach

While Gartner’s recognition highlights Semines’s impact, the company has been experiencing rapid growth on its own merit. As part of its strategy to bring intelligent accounts payable solutions to more businesses, Semine recently opened offices in Stockholm and Helsinki to deepen its reach in the Nordics and provide local support to finance teams looking to streamline operations with AI automation.

READ MORE: Semine enters Finland to empower finance teams with AI automation

Semine's role in a dynamic accounts payable market

Gartner describes the Accounts Payable Invoice Automation (APIA) market as quickly evolving, with new players and technologies driving constant change. Semine's advanced features, like intelligent data capture and automated data entry, make it a strong player in this market. The report underlines the importance of an AI-solution to increase efficiency in the invoice handling process. As an AI-native platform, Semine’s solution is built from the ground up, making it a complete end-to-end AI solution rather than an add-on to an older, rule-based system. This structure allows Semine to deliver results that hybrid solutions can’t achieve.

According to Bjørn Røsten, CEO of Semine

- It's a great honor for us to be recognised by Gartner for the second time. This confirms that our strategy and technology meet the market's needs and set a new standard for automation and data insights in finance and accounting.

READ MORE: Here’s why AI can make finance departments even more efficient

Gartner recommendations for procurement leaders

To help procurement leaders navigate this complex APIA market, Gartner offers recommendations that can ensure a strong vendor fit:

• Evaluate potential vendors against their specific requirements by documenting workflows, systems, geographic reach, and invoice volume.
• Test the vendor’s ability to deliver end-to-end automation through a practical test before contract signing.
• Develop a strategy that includes the use of customised solutions to address specific regional challenges in complex, multinational organisations.

These insights show why it’s key to choose a vendor that fits your business needs with a solid, AI-driven platform. This latest recognition highlights Semines’s role in the APIA market and its drive to keep innovating. With a focus on hyperautomation, Semine is ready to meet the future demands of finance automation.