eVerbinding case study

eConnect is a Dutch FinTech company for which Vanenburg built an e-invoicing platform to exchange invoices with their business partners. The platform utilizes Vanenburg’s UnDoc solution to automate the processing of incoming invoices.

Challenges

• Over 1.8 million invoices are received annually from hundreds of buyers and sellers as PDFs or scanned copies.
• Invoices need to be manually entered into the accounting software for further processing.
• The existing conversion partner was holding them back with high costs and a high number of errors.

Solution

• Vanenburg used its Google-Cloud-based UnDoc solution to deliver an intelligent document recognition engine.
• UnDoc leverages Google’s DocAI machine learning algorithms, enabling accurate, automated bulk-processing of documents.
• The use of UnDoc resulted in a higher quality solution at a reduced cost, with an ROI in less than 1 year.