CANDIS provides a cloud-based platform that automates the processing of incoming invoices using optical character recognition (OCR) and integrates with popular accounting systems like DATEV and SAP. This solution centralizes invoice management, reduces manual data entry errors, and streamlines approval workflows, enhancing efficiency for finance teams.
Funding
$33.8M 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.
VFFounders
Product
Problem
Many companies still rely on manual processes for invoice management, leading to errors, delays, and inefficiencies in accounts payable. Data entry is time-consuming, approval workflows are cumbersome, and tracking invoices across different systems is challenging.
Solution
Candis offers a cloud-based platform that automates invoice processing from receipt to export into accounting systems. The platform uses optical character recognition (OCR) to automatically extract data from incoming invoices, eliminating manual data entry. It streamlines approval workflows with customizable rules and notifications, and provides a centralized repository for all invoices and related documents. Candis integrates with popular accounting software like DATEV, SAP Business One, and Sage, ensuring seamless data transfer and reconciliation.
Target Audience
Candis targets finance teams in small to medium-sized businesses that are looking to automate their invoice processing and improve efficiency.
Features
- Automatic invoice import via email and document upload
- Data capture using OCR technology with automatic duplicate detection
- Customizable approval workflows with delegation and absence management
- Integrated contract management with deadline reminders
- GoBD-certified archiving for invoices and receipts
- Real-time expense management with Candis Visa corporate credit cards
- Interfaces with DATEV, SAP Business One, Sage, and other accounting systems
- Export options as XML, PDF, or CSV files
- E-invoice processing (ZUGFeRD and XRechnung)