NXT4SAP

GPT-4 embedded in NXT AP ensures compliance at a global level. Global organizations with supply chains in various markets face the challenge of ensuring compliance with complex and ever-evolving regulatory requirements. From VAT/GST regulations to country-specific e-invoicing mandates, maintaining compliance is critical for financial accuracy and operational efficiency. However, with regulations differing from country to country and the growing volume of cross-border transactions, ensuring consistent, real-time compliance is a daunting task. NXT AP’s combination of #gpt4 ’s superhuman accounting capabilities and real-time data processing ensures that compliance is not just a local issue but a global standard. By leveraging the perfect supplier data provided by e-invoice networks and Microsoft Azure Document Intelligence, NXT AP ensures that all relevant standards—whether regulatory, industry-specific, or company-specific—are consistently applied across all markets. This reduces the risk of non-compliance, enhances operational efficiency, and enables global organizations to manage their AP processes with confidence. With #NXTAP, global organizations can achieve real-time compliance, minimize risk, and ensure operational consistency across their entire supply chain. GPT-4 brings the power of #ai to the world of #accountspayable, making #globalcompliance not just a goal, but a reality. Listen in / read more on www.nxt4sap.com/insights Volkmar Ahrens | Stephan Zimmermann | Stuart Heighton | Maex Ament | Torsten Malchow | Pooja Dargan-Ahrens | NXT4SAP

Do you know the advantages of parking every supplier invoice upon receipt? In accounts payable (AP) management, efficient handling of supplier invoices is crucial for maintaining smooth financial operations. In an SAP environment, choosing the right strategy for processing supplier invoices can have a significant impact on data accuracy, transparency, and compliance. One such strategy involves parking every supplier invoice upon receipt before posting. In this whitepaper, explore the advantages of this approach, detailing the differences between parking and posting in SAP MM/FI, the limitations of legacy AP automation solutions, and how parking invoices can improve overall financial processes. Find the link to download our whitepaper in the comments. Volkmar Ahrens | Stephan Zimmermann | Pooja Dargan-Ahrens | Stuart Heighton | Torsten Malchow | Maex Ament

Connect with NXT4SAP to learn how NXT AP guarantees a seamless transition to a fully electronic invoicing future. NXT AP offers a unified platform for processing both image-based and e-invoices. By integrating with over 30 national e-invoice networks and applying the same process design for all invoice types, NXT AP enables businesses to navigate the global shift toward e-invoicing with ease. With consistent exception handling, approval workflows, and transaction-based pricing. Download our Whitepaper from the link in comments Volkmar Ahrens | Stephan Zimmermann | Maex Ament | Torsten Malchow | Pooja Dargan-Ahrens | Sara Rhiyat | Aster Gentils | Unifiedpost Group | ScaleHub | InvoiceNxt | Microsoft Azure | SAP  

Meet Volkmar Ahrens, the driving force behind NXT4SAP, where finance automation meets precision. Volkmar’s drive centers on harnessing #ai and automation, like #gpt4, to reshape finance functions. Discover the future of finance through his visionary leadership. Read more on: https://lnkd.in/gT-RCqdA Big shoutout and gratitude to the team at FutureCFO for the feature! Nigel Standley | Teresa Leung

Traditional #ocr is rapidly becoming "obsolete" as businesses transition to more advanced and efficient AP automation technologies like NXT AP and Azure Document Intelligence. By embracing these innovations, organizations can: -Reduce processing times and costs with real-time automation. -Improve accuracy by eliminating manual data entry and validation errors. -Ensure compliance with global e-invoicing standards. -Future-proof AP operations with scalable, AI-driven technology. As CFOs and AP leaders, now is the time to move beyond OCR and embrace a future of fully automated, AI-powered AP processes. Contact us at NXT4SAP to see how NXT AP can transform your AP function and position your organization at the forefront of #financeautomation. Click on the link in the comments below to catch our podcast on " The End of OCR" and download the whitepaper. Volkmar Ahrens | Maex Ament | Stephan Zimmermann | Stuart Heighton | Pooja Dargan-Ahrens | Torsten Malchow

At NXT4SAP, we support your transition with outcome-based licensing and legacy solution support. For organizations looking to modernize their AP processes without the risk and cost of a complete overhaul, NXT AP offers a seamless path forward. By integrating with existing legacy systems—whether ECM/DMS solutions or legacy AP workflows—NXT AP allows businesses to benefit from advanced capture capabilities, e-invoice integration, and real-time processing without requiring immediate changes to their existing processes. Click on the link in the comments below to catch our podcast on " Seamless Intergration with Legacy Solutions" and download the whitepaper. Volkmar Ahrens | Maex Ament | Stephan Zimmermann | Stuart Heighton | Pooja Dargan-Ahrens | Torsten Malchow

Embracing Change in Finance AP automation is by no means new. What's new is the impact it has for AP specialists: Until now, AP automation solutions "assisted" accountants in their daily routine. This has changed: NXT AP automates the entire process from invoice receipt to posting - everything done in real-time, up to 60% of all PO-based supplier invoices are posted within less than 5 seconds after receipt. In case of accounting-related questions, NXT AI provides detailed answers 24/7 and across all languages. The future needs accountants who design & ensure compliant and efficient processes, who understand SAP and specifically the relevance of procurement. Maex Ament Torsten Malchow Pooja Dargan-Ahrens Stephan Zimmermann

Introducing NXT4SAP Podcast Epi #1 - Future qualifications of an AP Analyst is out! This audio white paper discusses the evolving role of #accountspayable (AP) #analysts in the era of #automation and #artificialintelligence (AI). Click the audio link in the comments. This podcast episode highlights the transformative power of NXT AP, a solution leveraging AI technologies like #computervision and #GPT4, to automate the entire #ap process. This automation eliminates manual tasks, increases efficiency and accuracy, and reduces human error. NXT AP enables straight-through processing (STP), ensuring compliance with regulations and organizational policies across all markets. NXT4SAP leads the way in AI-driven finance automation for SAP, revolutionizing high-volume shared service centres. Unlock unprecedented efficiency and accuracy with an experience-based application of SAP best practices and the use of revolutionary large language models (GPT-4). Embrace the power of AI and maximize your finance potential with our cutting-edge solutions. Volkmar Ahrens | Stephan Zimmermann | Stuart Heighton | Pooja Dargan-Ahrens | Torsten Malchow | Unifiedpost Group | ScaleHub | Maex Ament

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Traditional OCR is rapidly becoming obsolete as businesses transition to more advanced and efficient AP automation technologies like NXT AP and Azure Document Intelligence. As CFOs and AP leaders, now is the time to move beyond OCR and embrace a future of fully automated, AI-powered AP processes. Contact NXT4SAP to see how NXT AP can transform your AP function and position your organization at the forefront of financial automation. Volkmar Ahrens | Stephan Zimmermann | Pooja Dargan-Ahrens | Stuart Heighton | Maex Ament | Torsten Malchow | Unifiedpost Group | ScaleHub | Christiaan van Es | InvoiceNxt