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Business Spend Management powered by nextAI

nextAI has been specially developed for our Business Spend Management platform. Our solutions automate tasks that would otherwise require a lot of manual work, such as processing invoices, contracts, and purchase orders. This kind of work demands resources, is prone to errors, and delays decision-making. With nextAI, this automation is significantly enhanced: from document processing to contract analysis and order handling. After the short implementation, you save time and money while improving the quality of your data.

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Efficient and accurate

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Adaptable to various uses

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Safe data storage within our platform

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Faster invoice processing with nextAI

The processing of incoming invoices is often time consuming and prone to errors. With AP Automation, this process is already greatly simplified: invoices are automatically recognised, entered, and verified.

With nextAI, the processing becomes even more efficient. Thanks to its self-learning capability, accuracy continuously improves and corrections are kept to a minimum.

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Effective contract management with nextAI

Important contract details such as durations, amounts, and notice periods often have to be extracted and entered manually, line by line. This takes time, increases the risk of errors, and limits direct insight into agreements.

With nextAI, this process is automated. As soon as a contract is uploaded, the AI automatically recognises all relevant data and stores it in a structured way. As a result, crucial information is immediately available for reporting, alerts, and analysis.

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John Schouten ISPnext
"nextAI brings more than we ever dared to imagine in both efficiency and versatility. It’s truly remarkable."

- John Schouten, Director Product Management | ISPnext

nextAI: practice, results & benefits

Check out the whitepaper "nextAI: practice, results & benefits" and find out how you can use smart document recognition and self-learning technology to speed up your processes, minimise errors and save costs. Download the whitepaper!

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FAQ
Did you know this?

The AI automatically recognises invoice data from PDFs and scans, without the need for fixed templates. This reduces the margin of error and lessens the need for corrections and checks. As a result, productivity in accounts payable increases.
Yes, definitely. The implementation of mandatory e-invoicing (XML) will still take years and is far from being the standard internationally. Many organisations still work with PDFs, and AI also makes these documents quickly and accurately processable. This way, you avoid years of inefficiency and remain flexible.
Templates require regular maintenance and are less effective with variable layouts. Our AI uses prompts that are sufficient for the majority of cases. This saves work each week and increases recognition accuracy.
Yes, we have developed the AI entirely in-house. No external parties are involved, which means all data remains within our own platform.

Is your question not answered? Contact us

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Discover our solutions

Discover our Business Spend Management solutions by clicking on the diagram on the left. ISPnext instantly increases your organisation's financial impact.

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AP Automation

 Less administrative work to digitize, match and approve? Realize significant cost savings for invoice processing with our solution AP Automation.

 

Read more about AP Automation

Dynamic Discounting

By paying invoices faster, you can arrange attractive discounts with your suppliers. The Dynamic Discounting process helps you do this, is digital and prevents manual operations. This results in considerable savings and improves your organisation's cash flow.

 

Read more about Dynamic Discounting

Vendor Management

Thanks to a central environment in Vendor Management, you quickly have insight into your supplier database. This includes expenses, contracts, risk profiles and supplier assessment. You have complete control to maximize vendor relationships. 

 

Read more about Vendor Management

Contract Management

With Contract Management, you manage the contract process from contract preparation to contract renewal or termination. Including approval and digital signing with your supplier.  

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Procurement

With our solution Procurement you automate the entire purchasing process. Automatically generate an ordered recommendation and place orders with preferred suppliers in linked online shops.   

 

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Sourcing

Managing the procurement process from procurement needs to signing the contract with our Sourcing solution. Find the best suppliers based on internal needs, project specifications and supplier details.

 

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Spend Analytics

One view of all spending with best practice dashboards in Spend Analytics. Thanks to up-to-date data, a spend analysis allows you to identify bottlenecks in time and take action. 

 

Read more about Spend Analytics

Supplier360

Do you already have centralised information from all your suppliers? Supplier360's master data cloud provides a comprehensive overview of your supplier chain, compiled from multiple sources, giving you real-time data always available centrally.

 

Read more about Supplier360

BSM

Build a sustainable business with Business Spend Management. Increase your financial impact right away by managing all your organization’s expenses and processes in one platform.

 

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Rebate Management

Want to receive your bonus agreements better, more efficiently and on time? With our solution Rebate Management you are able to manage and utilise bonus agreements more effectively.

Read more about Rebate Management