PwC Signs Contract With Propell.ai
PwC Accounting AS has signed a contract with the rollout of the AI platform we deliver for incoming invoice processing. The solution is delivered as one invoice handling system integrated with all ERP systems used by PwC’s customers.
An important factor in our assessment of suppliers is IT security and privacy. We believe this should be an important criterion when companies choose PwC as their accountant. The AI solution Propell.ai delivers meets our strict requirements. We know that Norwegian leaders are more concerned about cyber attacks than anything else.
PwC Accounting AS has signed a contract with the rollout of the AI platform we deliver for incoming invoice processing. The solution is delivered as one invoice handling system integrated with all ERP systems used by PwC’s customers.
Data security is important
- An important factor in our assessment of suppliers is IT security and privacy. We believe this should be an important criterion when companies choose PwC as their accountant. The AI solution Propell.ai delivers meets ours strict requirements. We know that Norwegian leaders are more concerned about cyber attacks than anything else, says Tore Thorlacius Bræin, Head of Digital Business Development at PwC.
The agreement is that Propell.ai will implement the AI platform delivered in partnership with 24SevenOffice. The AI solution is trained on almost 500 million invoices from over 62,000 customers. The solution can be integrated with any ERP system.
Tested AI models for three years
Incoming invoice processing is the most manual accounting process. For 3 years, Bræin and his team have been testing artificial intelligence technology that can handle the accountant’s challenges: several types of invoices from different customers in different industries and which will interact with different ERP systems.
- PwC has done a thorough process when they compared us to our competitors. They wanted to make sure they were investing in a forward-looking technology and secure solution that they could use towards any ERP. I commend them for the thorough process they have carried out. I very much looking forward to starting automating and digitalizing PwC’s customers’ financial and accounting processes, says Gro Merethe Johnsrud, Co-founder, and CEO of Propell.ai.
Read more about Propell.ai and PwC Accounting.
Saves valuable time
- This will free up time for both PwC’s customers and us for value-creating work. In this way, we do not have to do manual tasks over and over again. The robots are better at this than us, says Tore Thorlacius Bræin, Head of Digital Business Development at PwC.
Contact:
Gro Merethe Johnsrud; Co-founder & CEO Propell.ai, Mail: grom@propell.ai or
Tore Thorlacius Bræin, Head of Digital Business Development at PWC Accounting AS, Mail: tore.thorlacius.braein@pwc.com
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