Name: Finmatics
Author: Finmatics

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Data Discovery and Visualization

Document Management

Enhanced 911 (E911)

File Sharing

Risk Management

Statistical Analysis

Enterprise

Accounting

Invoicing

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Diversity, Equity, and Inclusion (DEI)

HR Management

Payroll

Recruitment Agency

Recruitment Automation

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Storage

Data Lakehouse

Data Mapping

Firewall Security Management

Fraud Detection

IP Address Management (IPAM)

In-Memory Databases

Incident Response

Infrastructure-as-Code (IaC)

Integration Platform as a Service (iPaaS)

Log Management

Managed IT Service

Network Performance Monitoring

Password Management System

Release Management

SOA Application Gateways

Web Portal

WiFi Hotspot

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Appointment Scheduling

Audio Editing

Content Management

Customer Reference Management

Email Marketing

Email Testing

Marketing Automation

Product Sampling

Retail Media Advertising

Social Media Management

Social Media Marketing

Survey & Forms Building

Web Analytics

Marketing

Field Service Management

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation Services

Lead-to-Account Matching and Routing

Multichannel Retail

Sales Coaching

Sales Gamification

Social Commerce

Sales

Architecture

InsurTech

Laboratory Information Management

Legal Billing

OSS/BSS (Operations Support/Business Support)

Oil and Gas

Real Estate

Vertical-Specific

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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.

Starter

Light

Premium

Elite

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Accounts Payable

Finmatics is the most advanced AI-powered automation platform for accounting firms and businesses. The AI-Accountant Fin digitizes and optimizes the entire invoices processing workflow — from document intake to booking suggestions. Invoices from various sources (paper, PDFs, e-invoices) are collected centrally, automatically separated, read using AI, and turned into booking proposals. Intelligent workflows enable approvals, cost center assignments, and seamless collaboration with clients. Transparent analytics and customizable AI training allow firms to continuously improve automation rates. Thanks to proven partnerships with leading accounting systems like DATEV, BMD, RZL and Agenda, Finmatics is easy to integrate and ready to use. This saves time, reduces manual work, and frees up staff for what matters most—client service.

Features found in accounts payable software products

Automated Accounts Payable Processes

Accounts payable processes are automated based on pre-determined workflows.

Vendor Management

Holds information related to vendor terms and contracts.

Tax Form Preparation

Allows users to create and share tax forms within the platform.

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

Customizable Approval Policies

Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

Financial Document Management

Invoices, expense reports, and associated documents are stored within the platform for any future needs.

Payment Status Tracking

Tracks what stage payments are at in the process, from approval to receipt.

Payment Audit Trail

Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

Duplicate Bill Detection

Detects duplicate invoices or expense reports to prevent double payments.

Advanced OCR

Automatically imports information from invoices, receipts, expense reports, and other 
scanned documents into the platform.

Electronic Funds Transfer

Funds can be transferred via EFT as opposed to paper checks.

PCI Compliant Security Measures

Banking and finance information is protected according to Privacy Shield and GDPR standards.

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Finmatics

Overview

What is Finmatics?