Accetion offers a platform that processes printed and handwritten invoices using machine learning and natural language processing to automate data extraction and validation. This technology reduces operational costs and enhances accuracy for businesses transitioning from manual to digital invoicing, particularly benefiting rural enterprises.
Funding
$470K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially rural enterprises, still rely on manual processing of printed and handwritten invoices, leading to inefficiencies, errors, and increased operational costs. Transitioning from manual to digital invoicing can be challenging and expensive.
Solution
Accetion offers a SaaS platform that automates the processing of printed and handwritten invoices using augmented intelligence, combining human capabilities with AI. The platform employs machine learning and natural language processing to extract data, validate business rules, and eliminate duplicates. By digitizing invoices, Accetion reduces operational costs, improves accuracy, and enhances business performance. The platform provides seamless integration with existing financial systems through built-in connectors.
Target Audience
Accetion targets businesses of all sizes, particularly rural enterprises, that are transitioning from manual to digital invoicing and seek to automate invoice processing, reduce costs, and improve accuracy.
Features
- Processes both printed and handwritten invoices.
- Employs augmented intelligence (AI and human partnership) for enhanced cognitive performance.
- Offers multilingual data extraction capabilities.
- Provides built-in connectors for seamless integration with various financial systems.
- Includes e-Invoicing functionality (free of charge).
- Guarantees high accuracy through a hybrid model.
- Provides infinite scalability, processing millions of invoices per hour.
- Supports digital invoice processing for rural businesses.