Accounts payable.
Fully automate.
Fully save.
90 %
cost, time &
resource savings
90 %
automation
35 %
lower error rate
100 %
Plug & Play
These companies already work with us - and achieve a total turnover of more than 170 billion euros.
Your accounts payable processes, fully automated: What Nooxit offers
Invoices that only cost one euro in administration and no longer 12 are wonderful. But how do we achieve this promise? We'll tell you. What Noxit can do:
01
AI-based Optical Character Recognition (OCR)
OCR means nothing other than the automated text recognition on your supplier invoices. This means that Nooxit automatically captures the most important data and items from your incoming invoices and enters them into your system.
"That's all well and good, but doesn't every invoice tool do that?"
Many invoice tools offer this function, true. The difference is that Nooxit automatically captures up to 95% of all invoices correctly into the system. Both at header and item level. With other tools, this rate is significantly lower, which means manual correction in most cases.
02
The good old § 14 - 4 check
In order for an invoice to be valid under § 14 of the German VAT Act, it must contain a number of important details. What exactly are those? These are: - The full name and address of the service provider:
- The full name and address of the supplier
- The full name and address of the recipient
- The date of issue of the invoice
- The quantity and description of the goods/services delivered/supplied
- The applicable tax rate or a reference to tax exemption
- The tax number or VAT ID of the service provider
- A unique, consecutive invoice number
- The date of supply or receipt of the service
- The remuneration, broken down according to the respective tax rates and exemptions
- If applicable, a reduction of the remuneration agreed in advance (discounts & Co.)
- Credit note" information when the invoice is issued by the recipient of the service
Our tool recognises these contents accurately and ensures that you only post invoices that are legally compliant.
03
Accounting automation
Once your supplier invoices are captured, Nooxit takes it a step further. A posting is only correct (and only really valuable) if it is made to the correct G/L accounts. How does Nooxit help you? Quite simply:
The keyword is " accounting suggestion".
Or to put it another way: Nooxit makes you a suggestion as to which G/L account should be posted to, which cost centre is affected and adds a VAT code.
If you need other fields that are important to you, you can add them at any time.
04
Automation of the LZB indicators
No matter whether domestic companies, banks, public institutions or even private individuals:
Every payment that comes from foreign accounts must be reported in Germany if the value (or equivalent value) exceeds €12,500.
Why this can be tedious? An excellent question.
The reporting of these incoming payments is based on predefined indicators that have to be assigned manually. A process that takes time. A process that Nooxit's AI-based prediction takes away from you. Just like that.
Finally save time and
money in accounting?
In 3 steps with Nooxit:
01
Request a non-binding offer
Nooxit works in many cases as a plug & play tool. You can simply set it up and start using it straight away.
However, if you have special requirements (for example, an individually adapted IT landscape), Nooxit is a tool that has to be integrated into your system individually. Therefore and because there are so many different ERP systems (as well as wishes and requirements), everything starts with a non-binding request.
Once you have sent us your enquiry with some initial key data, we will get back to you within 24 hours.
02
Demo access and assessment of the "solution fit"
Upon request, you will receive a demo of our software. Do you like what you see? Then we will clarify in a short call whether Nooxit can be integrated into your existing IT landscape and whether we might adapt something for you.
Nooxit - A team, ready to make your accounting easier
In 2018, two Berliners, David Weber and Jendrik Jördening, who have already known each other from past projects, are aware of their mutual passion for new digital technologies and artificial intelligence.
From one of their projects (a UI prototype for machine learning), an idea suddenly forms:
They want to combine their software with SAP's applications - practically artificial intelligence for one of the most popular ERP system. The incentive:
To finally give a purpose to millions of unused data records that are stored in ERP systems around the world.
At the end of 2018, they founded Nooxit GmbH, based in the capital. Just one year later, the company is already cooperating with one of the world's largest automotive suppliers - ZF Friedrichshafen AG.
Less Manual Work - Better Results
Processing invoices is still manual work in many companies. The process is tedious, costly and takes time. Errors often happen. And employees lack the time for more value-adding activities. With our AI solution, this problem can now be solved. It is the step towards automated processes in accounting, from the receipt of the paper invoice to the booking. You can call this a turn of the times, accounting 4.0 - or simply a good idea.
Reduce your expenses and risks
Increase the quality of invoice processing
Relieve your employees of monotonous work
Reduce the number of errors
Capture, Verify and Post - in Milliseconds
What still sounds like a vision to many is already reality: automated invoice processing. Our AI solution captures the incoming invoices completely - and not just the header information, as is the case with most OCR providers. And then it processes the invoices, checks them for errors and also ensures that all tax regulations are complied with. Simply because it was designed to do just that - and do it better than others.
Save your employees the hassle of visual checks
Benefit from automatic tax auditing
Reduce the number of manual data entries through intelligent field suggestions
Integration
Customer success story
– ZF Friedrichshafen
Field-tested, Reliable and Safe Technology
The software trains and learns incredibly fast. This quickly and securely frees up capacity that your employees can focus on more important things than manually checking and posting invoices. Already, our AI has improved its capabilities with over 300 million data points - and counting. The integration of the software, by the way, is almost as easy as downloading an app.
Integrate the solution easily via Plug & Play
Use our simple pay-per-use payment model
Rely on security through our cooperation with the best-known cloud providers
Run the software in silent or active mode
Your path to cost and time savings with Nooxit starts here
All that stands between the full automation of your accounts payable processes and Nooxit is an initial, non-binding conversation. Two ways to get your quote.
2. first feed us with information
You already know about the special requirements of your company and would like to send us some information in advance? Or do you just have a question? Great! Our contact form is looking forward to being filled in by you. You will usually hear from us within two working days.
