›› Finance Leaders
Do you know what you can do with artificial intelligence in your financial processes?
Artificial Intelligence is a huge value driver for business. According to a 2024 IDC report, AI will contribute $19.9 trillion to the world economy by 2030.
›› Is waiting a strategy?
Most finance departments wait for their IT department or vendors to come up with AI applications
We understand…
AI moves quickly, new developments are hard to follow. Besides, you’re busy, there’s a financial calendar to meet. You’re into finance, not IT.
… but now is the time to take your piece of the $19.9 trillion pie. Look at those AI applications that make most sense for your finance department. Waiting is not a strategy.
›› Stop waiting
With AICheck, Fintamo offers clarity in AI use cases in finance
Through our unique combination of skills in finance and technology, we make sure you get the most value out of artificial intelligence in your finance department. We use a standard methodology in order to discover, measure and prioritize whether AI applications make sense for your finance department.
We review all your financial processes: purchase to pay, record to report and order to cash.
We review the potential for automation, and systematically go through our list of use cases.
We calculate how much each use case delivers in terms of value for your company.
We look at your volumes, current automations, your applications and system landscape.
And then we deliver the value of the selected use cases.
AICheck ends with clarity: a prioritized list of AI use cases appropriate to your finance department. Fintamo also offers to implement these use cases, through partners or by delivering a solution ourselves.
›› An extract of our AI Use Cases
Fintamo AICheck covers dozens of AI use cases in finance
Invoice to Cash
- Document capturing & automation: payment advices, vendor statements, debit advices, lockboxes
- Specialized digital assistants for handling customer queries in B2B, simplifying interaction with sales
- Simplified and automated correspondence and phone calls in collections
- Improved cash application automation rates
- Forecasting payment dates of invoices
Record to Report / Treasury
- Improved on statistical forecasting
- Categorization of cash flows on statements
- Anomaly detection for payments, forecasts, financial transactions
- Fraud detection for payments and financial transactions
- Formatting of payments and statements
- Making a payments from a photo
- Interpretation and matching of conventional financial transaction confirmations
Purchase to Pay
- Increased document automation: invoices, credit notes, goods received
- Automated analytical accounting of invoices
- Anomaly and fraud detection for invoices
- Digital assistants for handling supplier queries
- Automated matching process (without rules) between invoice, PO and Goods Received
- Workflow automation to find the next best approver(s) and keep track of the process
Our Blog contains multiple articles on these use cases. Visit it to learn more.
›› The value of AI
We deliver clarity
AICheck provides first and foremost clarity on what use cases make sense to work on, and which not to spend time on. It allows you to act, rather than wait. Implementing AI delivers many advantages:
Increased automation
AI increases efficiency, and liberates people from repetitive tasks.
Reduced errors
AI it decreases the chances of costly errors.
Happier customers and suppliers
Digital assistants make access to information easier and faster; AI makes interactions with customers and suppliers more accurate and faster.
Better predictability
In finance, predictability is hugely important to communicate with shareholders. AI is good at making sense out of large amounts of data, and predicting cash flow, sales or costs.
Reduced chance of fraud
Pattern recognition is one of the core strengths of AI.
Act on AI
Please get in touch with us to learn more about AICheck, Fintamo’s structured way to understand your potential for AI in your financial processes. We will be happy to discuss in more detail what we do, how we do it, pricing and what you can expect.
