FabricAI

Founded: 2018 Category: SaaS/Business Software City: Tampere

Exited 2023-11-16

We at FabricAI want to do to financial management what the industrial revolution and the steam engine did to global productivity. FabricAI brings accounting to the 2020’s by automating accounting with AI. FabricAI is a tireless and effective assistant for accounting, which processes 95% of the purchase invoices automatically. With FabricAI, the accountant has to pay attention only to relevant invoices. FabricAI’s set up and on-boarding process is fast and easy. FabricAI can be deployed to production within one day with minimal expenses. Artificial intelligence automatically learns companies’ accounting charts and posting policies based on history data. FabricAI brings transparency to the accounting process, elevates the overall quality of accounting and automatically creates detailed insights based on the purchase invoice data. FabricAI’s artificial intelligence models are language agnostic, which means they can process foreign purchase invoices effectively regardless of the language used. As the amount of data increases, so does the capabilities of the artificial intelligence. FabricAI has been on the market since the beginning of 2019 and is trusted by over 500 companies in their purchase invoice processing. FabricAI is used by individual companies, accounting firms and by the public sector. FabricAI also co-operates with ERP’s and accounting software’s by providing a white-label AI

https://fabricai.fi/

 

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