Finmatics

Finmatics, developed by Finmatics GmbH, is a software solution designed to streamline and automate document processing and management, with a specific focus on invoice digitization and automation. It caters to businesses of all sizes, ranging from small enterprises to large corporations, and is utilized by various professions and industries, including accounting and finance professionals, financial controllers, CFOs and finance directors, shared service centers, and procurement departments.

Key Features

Automated Document Capture: Finmatics employs artificial intelligence (AI) to automatically capture and extract data from a variety of documents, such as invoices, receipts, and contracts. The system accurately interprets different document formats, eliminating the need for manual data entry.

Intelligent Data Extraction: Finmatics utilizes AI algorithms to extract relevant data from documents, including vendor details, invoice numbers, line item information, and payment terms. It adapts to different layouts, languages, and formats, ensuring high accuracy and minimizing errors.

Automated Invoice Matching: Finmatics automates the matching of invoices with purchase orders and delivery receipts, reducing the risk of errors. It compares invoice data with corresponding purchase order and delivery information, flagging any discrepancies for review.

Customizable Approval Workflows: Users can create and customize approval workflows for document review and authorization. Specific approval rules, such as hierarchical chains and spending limits, can be defined. This ensures compliance with internal controls and enables efficient collaboration.

Real-time Analytics and Reporting: Finmatics provides real-time analytics and reporting capabilities, offering insights into document processing metrics. Users can generate customizable reports and visual dashboards to monitor key performance indicators (KPIs) and track process efficiency.

Integration with ERP Systems: Finmatics seamlessly integrates with popular enterprise resource planning (ERP) systems, including SAP, DATEV, BMD, and Microsoft Dynamics 365 Business Central. This allows for automatic data transfer, enhancing overall process automation and streamlining financial workflows.

Secure and Compliant Data Management: Finmatics ensures maximum data security through additional user identity verification, two-factor authentication (2FA), and SSL encryption. Sensitive data is stored in EU-based data centers, complying with GDPR regulations and certified with ISO-27001 and ISO9001.

User-Friendly Interface: Finmatics offers an intuitive and user-friendly interface, making it easy for users to navigate and interact with the software. The customizable dashboard enhances productivity and streamlines workflows.