Fully automated transformation removes thresholds for digitizing invoicing in Sweden
Reference number | |
Coordinator | ESYNERGETICS AB |
Funding from Vinnova | SEK 1 000 000 |
Project duration | June 2023 - October 2024 |
Status | Completed |
Venture | AI - Competence, ability and application |
Call | Scaling up of AI solutions with municipalities and civil society |
Important results from the project
The project had ambitious goals of a model in production that handle the absolute majority of different invoice types. A lot of time has gone into creating a large amount of training data. We see that the result is good, but the complexity of different invoices needs a greater amount and variety of training data to meet our high objective. The project is successful as the model is used in production and creates value for customers, but we have as objective higher generalizability for wider use.
Expected long term effects
In the long term, we will deliver a model that creates great automation. The model creates the possibility for very competitive pricing and to really reduce the manual handling of manual invoices in the private- and civil society. The benefit of eliminating these manual flows is very large as thousands of hours each month are spent on tasks that are unnecessary, inefficient and costly.
Approach and implementation
The project has been carried out according to plan with the objective having a model in production. More time than estimated and higher costs have been spent on producing and securing training data. The plan has been followed, but some activities have been running for a longer period of time but could then be done in parallel with other. Unexpected and unplanned problems always arise, but these have been managed within the project and with the organization´s regular activities