Unit4 Accounting
Prediction Service

57% of invoice data is still entered manually, leading to errors.^*

66% of businesses report that invoice processing takes more than five days per month.^**

45% of invoicing standards experience frequent exceptions, disrupting workflows and creating inefficiencies.^***

In the traditional invoice flow, invoice registration for an AP Clerk would involve manually searching and entering the correct invoice codes.

With the support of data analytics and machine learning, the Accounting Prediction Service automatically assigns General Ledger (GL) codes, cost dimensions, and tax details to non-PO invoices with exceptional precision.

While manual workloads can lead to fatigue and mistakes, this solution redefines the standards of accuracy and productivity, leveraging predictive capabilities to enhance invoice management.

* Automation Trends Survey, The Association of Certified Accounts Payable Professionals (ACAPP), 2019
** How Much Does It Really Cost to Process an Invoice? Accounting Web, Aug 2022
*** The State of ePayables, Paving the Way for a Smarter Future, 2023

^{Key benefits for your finance team}

Faster invoice processing: Automating data assignment and streamlining approval workflows minimizes manual tasks, accelerates approvals, and boosts cash flow.
Reduced errors and manual effort: Advanced prediction technology lowers the need for manual effort, enhancing accuracy and ensuring consistent information throughout.
Fewer invoicing exceptions: By standardizing data inputs, the service curbs exception rates, keeping your invoicing workflows efficient and uninterrupted.
Improved decision-making with predictive insights: Gain a clearer view of approval timelines, bottlenecks, and areas needing improvement. These insights help your team make data-driven choices to optimize operations.

Unit4’s Accounting Prediction Service is powered by Kaunt, offering dependable invoice coding proposals. Each customer enters a data processing agreement to safeguard privacy, ensuring no data is shared without prior consent.

Why use the Accounting Prediction Service?

The service targets two major challenges in invoice processing—delays in approvals and frequent exceptions.

By tackling these issues head-on, it supports your team in staying agile, efficient, and focused on priorities. Eliminate bottlenecks and inaccuracies, and unlock the advantages of smart, intuitive invoicing.