Say Hello to the future with Artificial Intelligence

Artificial intelligence in Financial Management Software

Within software for financial management and control, human characteristics are introduced into processes that have previously been manual and under the control of people with cutting-edge expertise. Artificial intelligence ensures that data and processes are handled automatically and that they are handled correctly.

Does artificial intelligence mean that everything goes smoothly? That people become redundant?
No by no means. There are different levels of artificial intelligence, and it is a point to know that technology is still at an early stage in its spread and utilization. At the same time, it is important to understand the advantages and not least the competitive advantage such technology can provide.

Artificial Intelligence, or AI, is also an important trend. It is not unnatural for different players to outbid each other in the market in relation to who has come the furthest in relation to the utilization of the technology.

Innovation and new technology are part of the backbone of Eye-share

The company has specialized in automating financial processes for many years, making it their primary strength. Even without artificial intelligence, Eye-share customers have achieved a 90% automated invoice flow. By leveraging new opportunities in the software, automation can now be increased even further and made even easier!

Not all aspects of a solution can utilize artificial intelligence. This may be due to the volume of data required to make a decision or the computational power needed to find the correct answer promptly. One challenge with advanced AI technology is that it can provide an answer without explaining the reasoning behind it, often resulting in unexpected outcomes. You do not always get the answer you think you want!

It’s not about using artificial intelligence for the sake of it

At Eye-share, we understand that our users and customers prioritize control. Therefore, it is important for us to apply the right technology to the appropriate challenges and processes that can be automated. Our goal is to deliver the desired level of automation while ensuring the solution maintains trust, insight, control, and influence.

eye-share is built on XAI

XAI stands for “Explainable Artificial Intelligence.” XAI is a distinct field focused on ensuring that people can understand why an AI-generated result is what it is. In eye-share Workflow, we have adopted this strategy, combining artificial intelligence and user interface to solve problems intuitively for users. Not only is the invoice automatically processed, but we can also explain why!

Our solution is getting smarter

Our solution continuously learns and builds knowledge from historical data, user information, and supplier details. Customers have the flexibility to decide the extent to which artificial intelligence influences their solution. The intelligent system respects any manual rules previously set up, supplementing and engaging only when those rules are disabled. Additionally, we work with customers to simulate potential impacts and benefits before fully implementing this aspect of the solution.

At Eye-share, we have a deep understanding and respect for our customers’ ways of working. Our role is to positively contribute to their efficiency and innovation. We are committed to staying at the forefront of new technology to provide both existing and new customers with the best, most efficient, and safest solutions on the market. This approach allows our customers to focus more on their core business and achieve better results with Eye-share as part of their team.