Tag LLM
AI Case Study 6: Automatic Account Assignment
We are excited to present our Pratham Software AI Case Study 6: Automatic Account Assignment!
About: The client provides a platform for optimizing and monetizing the processing of paper and electronic invoices. Their solution automates the entire invoice-to-pay process, simplifying each step from receipt through reconciliation.
Business Need: Currently, users manually enter General Ledger (GL) accounts based on item descriptions in invoices. This method is inefficient, prone to errors, and lacks consistency, which delays financial reporting, introduces inaccuracies in financial records, and increases operational costs.
Solution: Pratham Software GmbH developed a solution that automates the assignment of GL accounts based on item descriptions. The goal of this solution is to improve the accuracy and efficiency of financial data while ensuring that GL accounts are accurately classified and assigned to relevant items.
Software Tools:
In order to accomplish the project we used the following software tools:
- Machine Learning (LLM)
- Feedback loops
- NLP (Natural Language Processing)
- EC2
- Fast API
- Python
- React JS
- S3
- SQL Server
Results:
- Improved system efficiency and consistency
- Enhanced financial data accuracy
- Increased productivity
Interested to learn more from Pratham Software’s exciting AI case studies?
Having studied our Pratham Software AI Case Study 6: Automatic Account Assignment, please also check our other case Studies!
- Case Study No. 1 Automatic Sampling of BIM Description
- Case Study No. 2 Loan Default Early Warning
- Case Study No. 3 Centralized Chatbot with Azure open AI
- Case Study No. 4 Train Rolling Inspection & Alerting by AI
- Case Study No. 5 Automatic Invoice Processing by AI
At Pratham Software GmbH, we specialize in creating AI-driven solutions that tackle industry-specific challenges, automate processes, and boost profitability. This is just another example of how our AI expertise can transform your back-office operations and make your business more efficient.
Stay tuned for more innovative case studies as we continue to demonstrate how AI can be harnessed to bring tangible business value. Interested in transforming your financial operations with AI? 💡 Contact us today to explore how Pratham Software GmbH can help streamline your business processes.
First Case study of Pratham’s AI services
Today we announce the launch of our AI services in Germany, bringing cutting-edge solutions to clients across various industries. Stay tuned as we unveil our groundbreaking work portfolio showcasing the transformative power of AI. Let’s explain details of our AI solution with Automatic Sampling of BIM Description.
Automatic Sampling of BIM Description
✨ Introducing Our First Case Study: „Automatic Sampling of BIM Descriptions“ powered by Gen AI & NLP. Our innovative solution optimizes Building Information Modeling (BIM) processes, enabling businesses to extract valuable insights from complex data.
– Context: In the building construction industry, manual mapping of project LVs to BIM models posed challenges in efficiency and accuracy.
– Business Challenge: The error-prone manual process hindered project planning, highlighting the need for intelligent automation.
– Solution: Our advanced algorithm automates the mapping between BIM objects and project LVs, enhancing efficiency, accuracy, and scalability.
Result:
By automating this critical process, we have boosted efficiency, reduced dependency on manual expertise, and improved project productivity. Our customers have seen significant benefits including better cost visibility, reduced project risks, and a 50% increase in productivity.
Looking to streamline processes, analyze large datasets, or enhance decision-making with AI? Pratham Software GmbH is probably the best partner you can find for AI transformation. Contact us today to explore tailor-made solutions for your business.
Please follow our series of AI case studies. The second case about „loan default early warning“ is available here:
