You are a tech innovator in the field of accounting solutions? Do you want to bring artificial intelligence automation to your customers? You are looking for technological solutions? Here we discuss the benefits of drawbacks of API vs. white-label software.  

API for Accounting Automation 

API is a software-to-software interface. It enables your software to talk to Abacus Intelligence®software. Your software communicates with the AI-API without any user knowledge or intervention. The API runs the processes behind the scene:

  1. Your application sends documents with hundreds of pages as a bulk via API to Abacus Intelligence®. AI separates each invoice and you receive for each invoice a file.
  2. Each file consists of one invoice and you need to retrieve relevant data out of the invoice. You send the file to Abacus Intelligence®. AI sends you back al invoice attributes as invoice date and number, net/gross/tax amount, PO number, etc.
  3. Is there the need to add data to an invoice in order to facilitate the workflow in your organization, Abacus Intelligence® adds data as cost centre, criteria for approval, etc. to the invoice and sends it to your application via API.

White Label Solution for Accounting Automation 

As an innovative software company with a strong label, you can re-brand the software to make it appear as if you have made it. You present the solution according to your corporate identity, your style guide, your logo … This is not only beneficial for resellers as it also helps to increase brand awareness and client loyalty. This is appealing for your customers and there is no need to invest in frontend development. Here some examples of what a private label accounting automation software from Abacus Intelligence® does: 

  1. Scan client or upload files
  2. Invoice separation
  3. Invoice data extraction
  4. Invoice data completion
  5. Invoice control
  6. User management
  7. Workflow management
  8. Authorization management

Concluding Remarks – White label or API – Invoice Processing based on AI

By using the API from Abacus Intelligence® you use your own frontend. This gives you the greatest flexibility to add functionalities or apply your individual CI. Connect your application to Abacus Intelligence® RESTful API.

Using a white-labeled software solution is cost-efficient, however, you are limited to add functionalities. There is no need to develop a frontend for accounting automation. Abacus Intelligence® is white labeled and you run it either as SaaS in an ISO 27001 certified data center or on-premise.

It is quite simple to integrate either APIs or white-labeled software platforms. Get in touch with us and we determine the best solution for your business.