Finto provides an AI‑driven finance platform that automates the end‑to‑end invoice processing workflow, converting invoices of any format into validated journal entries without manual clicks. Its AI agents handle data extraction, context‑aware validation, account coding, and ERP integration while maintaining auditability and GDPR compliance. The solution reduces processing costs, accelerates cash flow, and frees finance teams to focus on analysis rather than routine tasks.
Funding
$4.8M 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.
LFounders
Product
Problem
Manual invoice processing is labor-intensive, prone to errors, and hinders efficient financial operations. This leads to delayed payments, missed cash discounts, and increased operational costs for finance departments.
Solution
Finto provides an AI-powered platform designed to automate end-to-end invoice processing for enterprises. The system utilizes custom AI agents that function as a team to handle tasks such as invoice data extraction, verification, supplier communication, account allocation, and ERP posting. This intelligent automation reduces manual workload by up to 75%, accelerates processing times, and enhances data accuracy through self-learning models. Finto ensures compliance with industry standards and integrates seamlessly with existing ERP systems, creating a scalable and future-proof accounting infrastructure.
Target Audience
Finto targets enterprise-level finance and accounting departments seeking to automate their accounts payable processes and improve operational efficiency.
Features
- AI-driven data extraction with over 99% accuracy at both document and line-item levels.
- Automated capture of various invoice formats including PDF, scanned documents, XML, and ZUGFeRD.
- Intelligent account assignment and cost center allocation using self-learning AI models.
- Automated compliance, tax, and fraud checks integrated into the workflow.
- Configurable approval workflows based on due dates, cash discount periods, and amount thresholds.
- Seamless integration with leading ERP systems (e.g., SAP, Oracle NetSuite, Microsoft Dynamics) via APIs.
- GoBD-compliant processing of incoming invoices.
- Certified server infrastructure (DIN ISO/IEC 27001 & 27018) with hosting in Central Europe and GDPR compliance.
- Single Sign-On (SSO) and role-based access control for enhanced security.
- No training of base models on customer data to ensure data privacy.