To cope efficiently with a high number of invoices, most companies have adopted electronic invoice workflows. However, most workflows just replicate the physical process digitally, without leveraging additional digitalization potential such as automation or advanced analytics which is enabled through process digitalization. This is where Microsoft’s Power Platform can provide automation and analytics potential for invoices. For example, incoming invoices by email can be stored automatically in a safe folder using Power Automate. They can be analyzed using the Microsoft AI builder and, based on keywords, follow-up actions can be taken: for instance, if the invoice is above a certain amount an approval is automatically requested by email and triggered by Power Automate. Once the invoice is approved by the approving party, Power Automate can then save the approved data into an ERP. The Microsoft Power Platform can automate this process with tailored solutions that can be fast and easily programmed and adjusted anytime with little programming knowledge because of its low-code capabilities. The process itself and the processed data can be analyzed later with tools such as Microsoft Power BI to gain additional in-depth insights.
Finance transformation processes with Microsoft solutions are supported by KPMG with process and automation knowledge, leading to rapid implementation of market-leading practices. External support and solution knowledge enables an efficient deployment of automation and the set-up of compliant processes, while transferring automation knowledge throughout the organization.