eVerbinding case study

eVerbinding case study

Processing 1.8+ million invoices per year through an Intelligent Document Recognition solution for a leading e-invoicing platform

eVerbinding (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.
eVerbinding case study

Vanenburg managed to develop an AI-driven document conversion solution with a ROI of < 12 months and 4 x faster processing of invoices and are available in accounting back-end system in minutes.

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