Intelligent Business Software Solutions Leading Software Vendor

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Presentation transcript:

Intelligent Business Software Solutions Leading Software Vendor www.datacomm.gr Intelligent Business Software Solutions Leading Software Vendor for accounting firms

Global innovative solution for accounting firms! DC Scan4you is an artificial intelligence service that recognizes scanned invoices and automatically creates accounting entries Developed by Data Communication, DC Scan4you is the ideal solution for accounting professionals who wish to free themselves from everyday typing work and offer qualitative services to their clients Data Communication invested significantly in Research & Development during the implementation of the solution SC Scan4you, taking into consideration that the service actually is a global innovation for the accounting firms in Greece industry, by developing functions and ensuring features critical to its effectiveness. More specifically, considerable effort was put to analyze, develop coding and parameterization, in order to satisfy the requirements that an accounting office in the Greek market sets. The only assets required by an accounting office in order to use this innovative solution are: a scanner Academia Financials Suite by Data Communication Expenses & Internet connection

DC Scan4you Flowchart The chart presents the procedure followed by Data Communication to effect the “recognition” of scanned invoices and download the accounting entries to the accountant’s pc. Data Communication uses the Microsoft Azure platform implementing all web services based on it. The procedure is as follows: The accountant, user of DC Scan4you, scans the invoices of his customers (approx. 40 invoices are scanned in less than a minute). Then the respective images are uploaded to the cloud and are elaborated by several web procedures developed and customized by Data Communication on Microsoft Azure platform, using technologies such as Microsoft Azure Functions and Serverless Computing. Particular emphasis was put by Data Communication in developing its Artificial Intelligence system (ΑΙ) which uses the ABBYY OCR platform to “read” on the cloud all sorts of documents (invoices, retail receipts, bills (such as PPC, TELCO etc) and identify the 8 elements necessary to effect an accounting entry. The overall target was to automatically effect accounting entries and, also, achieve "remembering" how to process different types of invoices for every single client of the accounting firm. The AI system performs a series of automatic controls (Multi Step verification process) in order to identify and correct any errors in document identification. In some cases there may be human intervention by qualified staff, specially trained DC employees, who may be called upon to intervene in rare cases which the AI system will indicate thus ensuring recognition success of 99,999%. All in all, the invoices are being digitally archived and elaborated in the DC Scan4you user PC, in less than 24 hours. Finally, it is important to mention that the R&D department of DC has further developed the Academia Financials accounting s/w so as to integrate DC Scan4you with all its required functionality. The overall target was to automatically effect accounting entries and, also, achieve "remembering" how to process different types of invoices for every single client of the accounting firm. We should also mention that aiming at maximizing data security for both accounting firms and their customers, Data Communication used modern data encryption methods via Domain Controller.

Automates bookkeeping entries Puts an end to tedious typing & possible mistakes Achieves abolition of controls for typing errors Speeds up operations by e-archiving of invoices Succeeds in invoices’ digital copies’ recognition by 99,999% using DC MultiStep Verification Process

DC Scan4you in numbers More than 50.000 Facebook & Linkedin members have been reached and informed about DC Scan4you via social media campaigns More than 50 Presentation Events have taken place all over Greece with more than 5.500 participants Success rate of 99,999% in invoice digital recognition due to the use of DC Multistep Verification Process Less than 24 hours are required from the time of upload of scanned documents to the cloud to the time of download to the user PC More than 8.000.000 invoices have already been scanned since July 2017 An average size accounting firm creates yearly approximately 60.000 entries spending more than 1.000 hours on typing at a rate of 300 invoices per 5 hours. Using DC Scan4you, the accountant manages to speed up the bookkeeping process by 80%, a percentage that gets higher considering e-archiving, abolition of audits for typing mistakes etc.

Clients’ quotes “I've been working with Data Communication for many years now and I really feel that it always stands by me to solve my problems and make me work efficiently! DC Scan4you has impressed me already and I really think it is an important, innovative step for every accountant!” Vasileios Fatmelis (Almyros, Greece) “We are using DC Scan4you every day and we are just excited! It does not compare to any other service in the market.” Sofia Giannopoulou (Athens, Greece) “The most innovative solution for accounting firms - try it and you will remember me!" Dimitrios Androulidakis (Rethymno, Greece) “Watching the presentation of DC Scan4you at the workshop held by Data Communication I was excited and I was waiting impatiently for the release of the service. From day 1, I got "stuck" with the service which released me from bureaucratic work and offered me valuable free time in my everyday life” Myrto Anagnostou (Athens, Greece)

BITE Awards 2017 Global innovative solution for accounting firms, “DC Scan4you” Category: “Introduction of a new, innovative product/service” As a recognition of the effort put by Data Communication to implement this pioneering solution for Greek accounting firms, DC Scan4you was awarded by Business IT Excellence Awards (Bite) 2017 in the category “Introduction of a new, innovative product / service” category at Business IT Excellence Awards 2017 for DC Scan4you! It should also be noted that more than 800 accounting firms are already using DC Scan4you since it’s introduction in the market in July2017 and give great feedback for its unique results to their firms’ productivity.

Thank you!