FinTech Belgium - MeetUp on Digitalisation of Accounting - Segolene Martin - Kantify - 14-03-19

1. 1
AN ARTIFICIAL INTELLIGENCE BASED SOLUTION
ENABLING COMPANIES TO
AUTOMATICALLY EXTRACT AND UNDERSTAND
INVOICES DATA

2. 21. ABOUT KANTIFY
RECOGNITION & PARTNERS
WINNER
BEST MACHINE
LEARNING STARTUPS
DEC 2016
RECOGNITION
AI PRICING LEADER
JUL 2017
WINNER
ADVANCED MACHINE
LEARNING STARTUP
MAY 2017 JUL 2017
LAUREATE
START BATCH #4
CLUSTER
BOARD
MEMBER
FEB 2018
RECOGNITIONS
Prof. Dr. KOEN TACKX
Pricing & Strategy
Vlerick Business School
Prof. Dr. ANN NOWE
Artificial Intelligence
VUB
Prof. Dr. MALAIKA
BRENGMAN
Marketing
VUB
Prof. Dr. HUGUES
BERSINI
Artificial Intelligence
ULB
SCIENTIFIC BOARD

3. 32. THE CHALLENGE
€12
AVERAGE COST OF
HANDLING ONE INVOICE IN A MANUAL
WAY
Source : European Central Bank, 2016
55%
OF ACCOUNTING
DEPARTMENTS THAT DECLARED IN
2018 THAT THEY ARE NOT USING OCR
FOR ONLINE
INVOICE APPROVAL
Source: Bain, 2018
37 BILLION
INVOICES SENT PER YEAR IN EU
9 BILLION ARE E-INVOICES
Source: Billensis, 2017

4. 43. TODAY’S PROCESS
EXTRACT
PDF OR
IMAGE OF AN
INVOICE
STRUCTURED
DOCUMENT
CAN BE USED BY ACCOUNTING
SYSTEM
ANALYZE
INSIGHTS
CAN BE USED TO LEAD A
COMPANY
MANAGEMENT
ACCOUNTING, AUDIT,
CONTROLLING,
PROCUREMENT
OCR
RECOGNIZING
CHARACTERS IN
DOCUMENTS
PARSING
MAKING SENSE OF THE
WORDS AND
STRUCTURE OF A
DOCUMENT
BOOKKEEPING
CHECKING
ENSURING A
DOCUMENT IS
COMPLETE AND
CORRECT
MATCHING
ENSURING A
DOCUMENT IS PART OF
A BUSINESS PROCESS
COM-
PARING
BENCHMARKING
DIFFERENT SUPPLIERS
AGAINST EACH OTHER
OPTI-
MIZING
USING YOUR POSITION
TO LEVERAGE A BETTER
POSITION
SAFE-
GUARDING
PREVENTING UNDUE
RISKS AND FRAUD
TEMPLATE SPECIFIC
LIMITED FIELDS

5. 54. OUR SOLUTION
ONLINE
PLATFORM & API
TEMPLATE FREE,
THANKS TO AI
EXTRACTS AND
ANALYZES ALL
INFORMATION FROM
INVOICES

6. 65. WHAT WE ARE CURRENTLY LOOKING FOR
FINANCIAL
CONTROLLERS/
ACCOUNTANTS WITH
A LOT OF INVOICES
INVESTORS WITH
STRONG LINKS TO
FINTECH
ENVIRONMENT
PROFESSIONALS
INTERESTED IN USING
OUR SOLUTION

7. 7
THANK YOU
segolene@kantify.com
www.kantify.com