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SEMINE for Retail

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

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Solving retail-specific challenges

Retailers are often focused on growing their top lines – attracting more customers and increasing sales. But if you are looking at improving the bottom line, SEMINE can be a big help. You’ll find that with AI, you get a richer set of tools in your quest for better margins. This applies to both direct costs and operational adjustments.

Get a complete overview

To improve your margins by optimising your processes, you need complete oversight of what’s happening in real time. SEMINE allows you to map your cost structure as well as the processes around them.

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Negotiate better agreements

It’s common for retailers to have a mixture of centralised and local purchases. Mapping all your purchases in one place lets you unlock new insights, giving you a better basis to negotiate more beneficial agreements with your suppliers. SEMINE can even check if your suppliers invoice you the negotiated price or not. That can help you save both time and money!

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Identify cost-saving opportunities

SEMINE helps you track due dates and payment terms, so you can take advantage of supplier discounts and free up valuable working capital.

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Why choose SEMINE?

Easy, automatic deviation handling
Seamless integration with ERP
Multi-client handling
Procurement otimisation
Quality and accuracy
PO matching
Easy, automatic deviation handling
Seamless integration with ERP
Multi-client handling
Procurement otimisation
Quality and accuracy
PO matching
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Easy, automatic deviation handling

Easily spot line items and parameters that don’t match the PO, and automatically handle additional line items such as freight and fees that are not included in the original order.

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Seamless integration with ERP

No additional systems or manual work necessary for non PO-based invoices – SEMINE automatically processes them in the same way.

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Multi-client handling

SEMINE is optimised for shared service centres and group-level structures – a benefit in retail organisations with multiple locations and entities. This also applies if you use different ERP systems across the organisation.

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Procurement otimisation

The quality and quantity of SEMINE’s data points provides unique insights that can be used to optimise operations, improve margins, and negotiate prices and terms with suppliers. You can even benchmark purchases against other departments. 

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Quality and accuracy

Remove mundane work and automate repetitive invoices. SEMINE’s line-level data capture ensures a great basis for automisation. The processing of invoices are done with a precision level that enables you to focus on other stuff than punching and accounting.

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PO matching

SEMINE matches purchases with the corresponding invoices in a flash, saving both time and confusion.

Easily spot line items and parameters that don’t match the PO, and automatically handle additional line items such as freight and fees that are not included in the original order.

Customer story

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We aim to have the most streamlined finance department in our industry

Norrøna has ambitions to use artificial intelligence to create better workdays and to utilize at least 1.5 full-time equivalents more efficiently.

Read more

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.

FAQs

We have 20 stores in our company, and they are set up very similarly. Can I handle all of them like one unit, and will SEMINE still be able to handle client specific adjustments?

Yes, definitely. You can structure the set up on organisation level, client level or a mix. Cross client view enables you to work with multiple clients in the same user interface, even when they use different dimensions, or have other specific needs. You can work across your clients even if they use different ERP-systems.

Can I see the price changes over time on specific items in SEMINE?

Yes you can! Since SEMINE captures and processes all line items, the line item description can be analysed using our SEMINE Data Access module. This enables you to look up specific items in your chosen analytics platform and see how many items you have ordered and the prices over time. This is just an example of what you can use data from SEMINE for. 

We have a purchase order tool, and we need to match invoices with both the purchase order and the goods received. Is this possible with SEMINE?

SEMINE collects order and goods received data from the PO-system and uses this information in the processing of PO-related invoices to accommodate 3-way matching on a line item level. 

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
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