1️⃣ Time Loss Due to Manual Checks & Data Entry

❌ The Problem:
Accounting teams spend hours every day manually checking invoices, transferring data into ERP systems, and correcting faulty OCR results.

📊 Typical Time Spent per Invoice:

• Manual Checking: 5-10 Minutes

• Matching with Orders: 3-5 Minutes

• Correcting OCR Errors: 2-4 Minutes

🚀 The AI Solution:
Finto automatically reads invoices, independently detects errors, and accurately categorizes them. Instead of manual efforts, the entire process is completed in seconds.

2️⃣ High Error Rate & Costly Corrections

❌ The Problem:
Manual errors in categorization, tax auditing, or invoice matching can have severe consequences:

💸 Average Cost per Error:

• Incorrect Booking: 25-50 € Correction Costs

• Missed Payment Deadline: Reminder Costs + Discount Loss

• Incorrect Tax Calculation: Risk during Audits

🚀 The AI Solution:
Finto reduces errors by up to 90% by automatically matching data, checking tax calculations, and reporting discrepancies.

3️⃣ Delays Due to Slow Release Processes

❌ The Problem:
Invoices often have to go through multiple departments, are sent via email, and are stuck in long release cycles.

📊 Average Processing Time of an Invoice:

• Classic Processes: 7-14 Days

• Manual Follow-up: up to 3 reminders via email

🚀 The AI Solution:
Finto automates the release processes with intelligent workflows, allowing invoices to be approved within hours instead of days.

4️⃣ Overlooked Discount Opportunities & Reminder Fees

❌ The Problem:
Many companies miss discount opportunities because invoices are processed or released too late.

💸 Cost Factor:

• Lost Discount Reductions: 2-3 % of the Invoice Amount

• Additional Reminder Fees for Late Payment: 5-10 % of the Amount

🚀 The AI Solution:
Finto prioritizes invoices with discount advantages and ensures timely payments so that no savings potential is lost.

5️⃣ Scalability Issues with Growing Invoice Volume

❌ The Problem:
The more invoices a company has to process, the greater the effort for accounting teams. Instead of working efficiently, companies must hire more staff or use external accounting services.

🚀 The AI Solution:
Finto scales with the company – without additional staff. Even with a 100% growth, invoice processing remains fully automated.

💡 Conclusion: How Much Do Companies Really Save with AI?

Companies that use Finto reduce their costs per invoice by up to 70% and minimize manual labor.

📊 Average Savings per Year:
✔ Fewer Error Corrections: -50,000 €
✔ Faster Approvals: -30 % Process Costs
✔ Automatic Tax Checking: No fines or delays

👉 Book a demo now & discover how Finto optimizes your accounting: