EU fond: innovations for newly found SMEs (phase 2)
Discover how VIS developed an innovative robotic accounting automation solution for SMEs with support from the European Regional Development Fund, streamlining invoice and bank statement processing.

Project summary and goal
The main objective of the project is to customize an innovative product - Robotic Accounting Automation robot for SMEs, which presents a solution that can process invoices and bank statements to extract the data needed for posting entries and implementing them into the accounting software.
The goal of robotic software is to automate the majority of manual document entry that is recorded in the financial records, the accounting system of an individual company. This would make significant savings both financially and in time, and in most cases business process automation results in greater reliability compared to manual entries. The solution is highly configurable and can be adapted to both specific client's documents and accounting software.
Key capabilities
Invoice recognition
Automatically identifies and extracts data from incoming invoices.
Bank statement processing
Reads bank statements and prepares accounting information.
Automated data extraction
Extracts accounting data and integrates with accounting and ERP systems.
The project is co-financed by the European Union from the European Regional Development Fund Operational Program "Competitiveness and Cohesion" 2014-2020.
| Project Name | Contract Reference | User Name | The Total Value of the Project | EU Grant | Project implementation period |
|---|---|---|---|---|---|
| Robotic Accounting Automation - robot for SMEs | KK03.2.2.04.0099 | VIS Solutions d.o.o. | 114.590,38 EUR | 90,264.92 EUR | 01.08.2019. - 01.08.2020. |


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