Agentic AI
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The Agentic AI Approach to eInvoicing: How AI is Revolutionizing Financial Processes

Nicole Gajda, Head of Marketing @Hypatos
October 14, 2024
5
min. read

If your business is dealing with complex invoicing workflows or struggling to keep up with compliance, have a look at this piece. 

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As companies grow and operate globally, the financial complexities increase exponentially. Managing multiple formats, complying with country-specific tax regulations, and processing countless invoices can quickly overwhelm finance teams. That’s where Agentic AI steps in—and this transformative technology was the focus of our recent webinar, “The Agentic AI Approach to eInvoicing”, hosted by SSON and delivered by Hypatos and KPMG.

If you missed the live session, don’t worry! You can still watch the webinar on-demand and discover how AI is reshaping the way companies handle eInvoicing. Let’s look at some key insights our expert speakers shared:

How Agentic AI Simplifies Complex Invoicing

The conversation kicked off with Uli Erxleben, CEO and Founder of Hypatos, who explained why eInvoicing is becoming an essential part of finance transformation. More than just another automation tool, Agentic AI is capable of autonomously managing the entire invoicing process. It’s designed to handle multiple formats—whether it’s PDF, XML, or scanned documents—while automatically applying tax compliance for different countries.

Think about the relief this brings to finance teams: no more manual data entry, no more chasing down missing tax information. Instead, AI handles everything autonomously, giving teams the freedom to focus on higher-value tasks like strategy and analysis.

The Technical Edge of Intelligent Document Processing (IDP)

Fotis Drakos, Senior Product Manager at Hypatos, took us into the technical side of things, diving deep into intelligent document processing (IDP). Unlike older OCR technology, which can only recognize text, IDP allows AI to actually understand and interpret the content of invoices.

What’s especially exciting is how Agentic AI improves over time. With every invoice processed, the system learns, gets smarter, and becomes better at recognizing patterns and automating repetitive tasks. This means faster processing, greater accuracy, and less human error—key benefits for any finance team looking to scale.

Real-World Impact: How AI is Already Changing Finance

One of the standout moments in the webinar was when Joris Juttman, Partner at KPMG, shared real-world examples of how companies are already benefiting from AI-driven eInvoicing solutions. He described scenarios where businesses, previously bogged down by manual processes, have significantly reduced processing times and human error by implementing AI technology.

This is where Agentic AI really shines—it handles complex, multi-country invoicing processes seamlessly, ensuring compliance with local tax laws and regulations. It’s not just about automating for the sake of efficiency; it’s about ensuring accuracy and reducing financial risks tied to tax compliance.

Why You Should Watch the Webinar

If your business is dealing with complex invoicing workflows or struggling to keep up with compliance, watching this on-demand webinar is a no-brainer. You’ll gain valuable insights into how Agentic AI can take the load off your finance teams, enhance accuracy, and streamline your operations.

Here’s what you’ll learn:

  • How Agentic AI automates the invoicing process: From extracting data to validating and enriching it, all without human intervention.
  • Real-time compliance: Stay up to date with country-specific tax rules without the manual headache.
  • Fraud detection: Built-in tools to flag anomalies and protect your business from financial threats.
  • What’s next for eInvoicing: Discover how AI will continue to evolve and adapt to future regulatory changes, keeping your systems compliant without constant updates.

The future of finance is already here, and AI is leading the charge.

Ready to Take the Next Step?

If this all sounds like the future you’ve been looking for, we’d love to chat. Whether you’re curious about how Agentic AI can streamline your invoicing process, or you want to explore the Hypatos platform, our experts are here to help. Reach out to us for a conversation about how AI can elevate your financial operations and help you stay ahead of the competition.

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