Industry-leading AI platform for supplier invoice management
Our data-driven AI software for incoming invoice management, SEMINE, frees finance teams from repetitive, everyday accounting tasks. You save time, improve quality, make smarter decisions, and support a broader business strategy. The SEMINE platform is recognized by Gartner as a leader in supplier invoice automation and can deliver significant cost savings in just a few months.
Gartner® recognized SEMINE in 2021 and 2023 as one of the leading providers of 'Payable Invoice Automation Solutions'.
Ranked among the top ten on Deloitte's 'Fast 50' list of the fifty fastest-growing technology companies in Norway in both 2022 and 2023
Finalist for the "Microsoft SaaS Partner of the Year" award in 2022.
A complete and intelligent platform for incoming invoice management
SEMINE is an AI-based software that learns more with every invoice processed. The entire invoice content, including line items, is read, interpreted, accounted for, and recorded to the correct department, project, etc., and the captured data is then transferred directly to the company’s ERP system. SEMINE saves time, improves data quality, and adds new insights to the organization.
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Does the finance department really need to understand artificial intelligence?
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It’s time to streamline the finance function
SEMINE can be used by companies of all sizes, across any industry. By automating invoice management, finance team members can focus on the bigger picture instead of spending time on routine tasks like data entry and invoice coding. The SEMINE AI platform frees up valuable work hours that can be dedicated to more value-creating activities.
According to a PwC study*, an average finance function has costs six times higher than the most efficient finance functions.
*Source: PwC Benchmark Report on Efficient Finance Functions, 2020
Hyperautomation
Manual accounting is repetitive, time-consuming, and prone to errors. Traditional approaches require organizations to rely on multiple systems and manual processes to keep operations running smoothly, resulting in losses in productivity and cost efficiency. And because line-level invoice collection is rare, it’s easy to question the quality of the processed data. SEMINE eliminates these issues by reducing the time spent on manual data collection and validation to zero. Our software leverages the power of AI to achieve full automation of the invoice process and capture data from the entire invoice—including individual line items.
With SEMINE, we currently achieve an automation rate of 83% and have freed up more than six full-time equivalent (FTE) years.
Hilde Rannem Rostad, Director of Financial Services Digitalization at OBOS.
Built with artificial intelligence from the ground up
So, what’s the difference between SEMINE and other automated invoice management solutions? SEMINE is developed as an AI solution and uses the latest AI technology throughout the entire incoming invoice process. SEMINE learns your specific needs over time and adapts from the very first processed invoice, using historical AP data to optimize future suggestions. Leveraging artificial intelligence (machine learning and pattern recognition), SEMINE interprets all invoice content—but unlike a human, SEMINE never takes a vacation, never gets bored, and never makes mistakes.
Seamless integration
SEMINE is easy to implement and streamlines invoice management from day one. Integrations are available for most common ERP and financial systems, automating the entire invoice management process. Additionally, many of our partners have built their own integrations and connected SEMINE to their financial systems. We have several established partners in Sweden who are ready to assist with implementing SEMINE in your organization.
"With Semine and their AI platform, we have eliminated almost 90% of the work involved in incoming invoices."
May Irene Derrick Ljosåk, Chief Financial Officer at Heimstaden
