Nooxit
Why Choose Nooxit?
You should choose this to automate invoice-to-pay end-to-end. Catches duplicate payments an anomalies in real time which saves money. Works w/ major ERPs like SAP.
Nooxit Atlantis is a software that use machine learning and historic finance process data to - automate manual data entries - detect double payments - detect anomalies - correct manual errors. Atlantis integrates with standard finance processes, like the invoice to pay process. The software is plugged to the customers ERP system. Currently the solution implements four features: 1) Reversal avoidance Atlantis can help to prevent rework and process errors in the posting process. It analyzes every finance posting in real time and alerts accountants about possible errors that lead to reversals and suggest corrections. 2) Anomaly detection The software can help to prevent financial losses. It detects unusual posting patterns and fraud in real-time. It detects postings with unusual or rare combinations of attribute values for example unusual combinations of general ledger accounts or user accounts, rarely used accounts, unusual booking times etc. 3) Accounting field suggestion Atlantis can help to increase automation and standardization in the posting process of invoices without a purchase order. From the line item text, the supplier number and the amount the softwares AI derives suggestions for the remaining fields like G/L account, LZB number, cost centre, VAT code etc. This suggestions help to significantly reduce manual data input. 4) Avoid duplicate payments The software helps to reduce duplicate payments. The software analyses paid invoices and alerts the accountant if a duplicate is detect. This allows to recover the financial loss.
Nooxit Introduction
What is Nooxit?
Nooxit is a German SaaS company that automates Invoice - to - Pay processes End-to-End. The Nooxit software is able to collect, understand and interpret different document formats a company is receiving from another company (e.g. PDF, Scans, Word, XML) . Additionally it performs duplicate, anomaly and contextual checks (for example tax checks) on the incoming documents. Out of the extracted information it creates a journal entry that consists of G/L account, cost center, Tax code, workflow recipient and central bank indicator. The software can connect to mayor ERP-System like SAP, Microsoft Dynamics, Oracle Netsuite.
How to use Nooxit?
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Why Choose Nooxit?
You should choose this to automate invoice-to-pay end-to-end. Catches duplicate payments an anomalies in real time which saves money. Works w/ major ERPs like SAP.
Nooxit Features
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About Nooxit
What Is Nooxit?
Nooxit is a German SaaS company that automates Invoice - to - Pay processes End-to-End. The Nooxit software is able to collect, understand and interpret different document formats a company is receiving from another company (e.g. PDF, Scans, Word, XML) . Additionally it performs duplicate, anomaly and contextual checks (for example tax checks) on the incoming documents. Out of the extracted information it creates a journal entry that consists of G/L account, cost center, Tax code, workflow recipient and central bank indicator. The software can connect to mayor ERP-System like SAP, Microsoft Dynamics, Oracle Netsuite.
Best For
- Teams evaluating Accounts Payable Automation Software solutions
Category Context
Nooxit is listed under Accounts Payable Automation Software on AI-U and can be compared against other products in the same category for use case fit, feature coverage, and pricing model.