Kaunt provides an embedded AI solution for ERP and invoice processing platforms that automates line-item level invoice coding. Their API-based service identifies GL accounts and dimensions for non-PO invoices, categorizes purchase orders, and identifies expense categories, streamlining finance operations and reducing manual effort.
Funding
Funding not disclosed
Founders
Product
Problem
Manual invoice processing and accounting workflows are time-consuming and prone to errors, especially when dealing with non-PO invoices, diverse data formats, and the need for accurate general ledger (GL) coding. Traditional rule-based systems require extensive setup and maintenance, failing to adapt to evolving accounting practices and new suppliers.
Solution
Kaunt provides an embedded AI solution that automates invoice processing and GL coding for ERP and finance platforms. Their API-based services offer AI-powered automation for non-PO invoice handling, purchase order coding, expense categorization, AI bank reconciliation, GL outlier detection, and invoice data extraction. Kaunt's AI engine learns from historical data, continuously adapting to changes in accounting behavior without requiring manual training or rule-based setups. By embedding Kaunt's AI, platforms can offer cutting-edge AI features to their customers, reduce R&D costs, and achieve faster time-to-market.
Target Audience
Kaunt targets ERP systems, AP/P2P platforms, expense management solutions, and OCR platforms seeking to embed AI-powered automation into their existing offerings.
Features
- AI-powered automation of non-PO invoice handling with GL and dimensional coding at the line level
- AI-driven category recognition for expense classification, ensuring accurate reporting
- Automatic bank reconciliation with AI-powered transaction matching
- AI-based detection of unusual GL entries for accurate financial analysis and enhanced reporting
- Template-free AI invoice data extraction using OCR to extract key data from invoices
- REST API for easy integration into any AP/P2P system
- Posting Text Studio enables dynamic and intelligent construction of posting texts based on AI, invoice data, and customizable logic