cost, time &
Plug & Play
AI-based Optical Character Recognition (OCR)
"That's all well and good, but doesn't every invoice tool do that?"
Many invoice tools offer this function, true. The difference is that Nooxit automatically captures up to 95% of all invoices correctly into the system. Both at header and item level. With other tools, this rate is significantly lower, which means manual correction in most cases.
The good old § 14 - 4 check
- The full name and address of the supplier
- The full name and address of the recipient
- The date of issue of the invoice
- The quantity and description of the goods/services delivered/supplied
- The applicable tax rate or a reference to tax exemption
- The tax number or VAT ID of the service provider
- A unique, consecutive invoice number
- The date of supply or receipt of the service
- The remuneration, broken down according to the respective tax rates and exemptions
- If applicable, a reduction of the remuneration agreed in advance (discounts & Co.)
- Credit note" information when the invoice is issued by the recipient of the service
Once your supplier invoices are captured, Nooxit takes it a step further. A posting is only correct (and only really valuable) if it is made to the correct G/L accounts. How does Nooxit help you? Quite simply:
The keyword is " accounting suggestion".
Or to put it another way: Nooxit makes you a suggestion as to which G/L account should be posted to, which cost centre is affected and adds a VAT code.
If you need other fields that are important to you, you can add them at any time.
Automation of the LZB indicators
Every payment that comes from foreign accounts must be reported in Germany if the value (or equivalent value) exceeds €12,500.
Why this can be tedious? An excellent question.
The reporting of these incoming payments is based on predefined indicators that have to be assigned manually. A process that takes time. A process that Nooxit's AI-based prediction takes away from you. Just like that.
Processing invoices is still manual work in many companies. The process is tedious, costly and takes time. Errors often happen. And employees lack the time for more value-adding activities. With our AI solution, this problem can now be solved. It is the step towards automated processes in accounting, from the receipt of the paper invoice to the booking. You can call this a turn of the times, accounting 4.0 - or simply a good idea.
Reduce your expenses and risks
Increase the quality of invoice processing
Relieve your employees of monotonous work
Reduce the number of errors
What still sounds like a vision to many is already reality: automated invoice processing. Our AI solution captures the incoming invoices completely - and not just the header information, as is the case with most OCR providers. And then it processes the invoices, checks them for errors and also ensures that all tax regulations are complied with. Simply because it was designed to do just that - and do it better than others.
Save your employees the hassle of visual checks
Benefit from automatic tax auditing
Reduce the number of manual data entries through intelligent field suggestions
The software trains and learns incredibly fast. This quickly and securely frees up capacity that your employees can focus on more important things than manually checking and posting invoices. Already, our AI has improved its capabilities with over 300 million data points - and counting. The integration of the software, by the way, is almost as easy as downloading an app.
Integrate the solution easily via Plug & Play
Use our simple pay-per-use payment model
Rely on security through our cooperation with the best-known cloud providers
Run the software in silent or active mode