Semine is an AI-driven platform that automates the accounts payable process by capturing and validating invoice data, thereby reducing manual entry errors and processing time. This technology enables finance teams to achieve up to 85% automation of accounting tasks, freeing resources for more strategic activities.
Funding
$26.1M 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
Manual accounts payable processes are prone to errors, time-consuming, and limit finance teams' ability to focus on strategic activities. Capturing and validating invoice data manually can lead to inaccuracies and delays in processing payments.
Solution
Semine is an AI-powered accounts payable automation platform that streamlines invoice processing by automatically capturing and validating invoice data. The platform uses machine learning to continuously improve data capture and optimize workflows. By automating repetitive tasks, Semine enables finance teams to reduce manual entry errors, accelerate processing times, and improve data quality. The platform integrates with existing ERP, accounting platforms, and financial systems, providing a seamless end-to-end solution for accounts payable automation.
Target Audience
Semine is designed for CFOs, accounting managers, business managers, and accountants seeking to automate accounts payable processes, reduce costs, and improve data quality.
Features
- AI-powered invoice data capture, including line-item details
- Automated validation of invoice data
- Machine learning for continuous improvement and optimization
- Explainable automation with AI confidence scores and visualization of automation triggers
- Scalable architecture to accommodate any data volume or user demand
- Multi-company support for managing multiple datasets in a single grid
- Seamless integration with key ERP, accounting platforms, and financial systems via open APIs and ready connectors
- Detailed spend data analysis for strategic sourcing