Rantalainen is a Finnish company providing financial management services with over 45 years of experience. The company is growing rapidly and already employing 850 financial management professionals in more than 40 locations. Rantalainen offers its customers all financial and payroll administration services with the latest know-how, real-time services, and online tools.
AI IN PRODUCTION USE AT RANTALAINEN.
In a financial service professional organization, posting purchase invoices takes a big chunk of time from the total monthly accounting efforts. FabricAI offered us a solution where their artificial intelligence handles purchase invoices automatically allowing us to even bypass the human in the loop. We got excited about the idea and started piloting the service with our customers. The good results achieved has led us to expand the deployment and further develop our service processes together with help of FabricAI.
FabricAI’s artificial intelligence for purchase invoices is one of the first concrete applications of artificial intelligence in the field of financial management. We recommend the service to every accounting firm as well as to companies that do not have outsourced financial management.
Working in close collaboration with FabricAI, Rantalainen has been able to share their user feedback to help develop the FabricAI interface further with their valuable insights.
May 2021 in numbers – Rantalainen
THE ACCURACY OF THE ARTIFICIAL INTELLIGENCE HAS BEEN ENCOURAGING.
The benefits of FabricAI became concrete for us as soon as we got to know the service. The data obtained of the accounting accuracy on the purchase invoices and the time savings have definitely been reassuring factors when it comes to making the purchase decision.
We have been positively surprised at how well the service has made our accountants work more efficient. AI solutions for financial management will become more prevalent in the future, and I will be interested to see how it changes the accountants work as more and more time will be made available for other tasks besides the tedious posting process.