FROM MULTI TOUCH TO NOTOUCH: How Artificial Intelligence
Revolutionizes the Accounts Payable Process at Energie
Steiermark
Dr. Ulrich Erxleben, Hypatos | Ewald Muhr, Energie Steiermark
In a world shaped by technological advancements, businesses are
increasingly striving to optimize and streamline their processes. The
energy industry is no exception. Energie Steiermark, a pioneer in the field,
has embarked on a journey to revolutionize the accounts payable process
using Next Gen AI from Hypatos.
The Evolution from Multi-Touch to NoTouch
The traditional approach of the multi-touch system, requiring various
manual steps, is now replaced by an innovative NoTouch approach. This
approach enables nearly automated processing of accounts payable,
saving time, minimizing errors, and freeing up resources.
Energie Steiermark has chosen to integrate Artificial Intelligence (AI)
technologies into its business processes to enhance efficiency. At the core
of this transformation is the collaboration with Hypatos, a company
specializing in the application of Next Gen AI in the financial sector.
The Role of Artificial Intelligence (AI)
AI plays a key role in this revolutionary shift. Through the use of advanced
algorithms and machine learning, it is possible to automatically capture,
analyze, and integrate accounts payable into the corresponding business
systems. This not only leads to accelerated processing but also precise
and error-free data capture.
Dr. Ulrich Erxleben, Founder and CEO of Hypatos, emphasizes: "Integrating
AI into the accounts payable process not only increases productivity but
also creates space for strategic decisions. It's about relieving human
resources from repetitive tasks and focusing them on more valuable
activities."
Energie Steiermark's Experience
Ewald Muhr, Head of the Accounts Payable Management Department at
Energie Steiermark, highlights: "The introduction of NoTouch in our
accounts payable process has exceeded our expectations. We were able
to significantly reduce processing time and improve the accuracy and
reliability of data. This has direct implications for our overall operational
efficiency."
Employees at Energie Steiermark now have the opportunity to focus on
strategic tasks while NoTouch efficiently processes accounts payable in
the background. This paradigm shift not only means cost savings but also
an increase in competitiveness.
A Glimpse into the Future
The successful implementation of Artificial Intelligence (AI) in the accounts
payable process at Energie Steiermark shows that the future of business
processes will be increasingly shaped by technologies such as Artificial
Intelligence. Companies that are not only aware of this development but
actively drive it forward will be able to position themselves at the forefront
of their industry.
The journey from Multi-Touch to NoTouch is not just a technological
transformation but also a strategic decision for the future. Energie
Steiermark has taken the first step and is already reaping the benefits of
this groundbreaking change. In a constantly evolving world, it is such
innovations that pave the way for the next era of corporate leadership.
