Kaunt AI

What Kaunt AI does

Kaunt AI provides autonomous AI solutions for finance platforms, explicitly designed for ERP and invoice processing. They offer high-performing embedded AI solutions as a service, seamlessly integrated via an open API. Kaunt builds production-ready agents for document understanding, accounting intelligence, and reconciliation, which are embedded into partner products. Their API-based solution allows partners to deliver best-in-class AI directly through their current UI, enhancing functionality and providing real-time intelligence without disrupting customer workflows. Kaunt's AI models learn from historical data and continuously adapt to evolving accounting practices, ensuring accuracy and efficiency in financial processes. They emphasize scalability, effortless integration, and security, with services ready for enterprise workloads and adherence to GDPR and ISO standards.

Products

• Document AIAI-native extraction for invoices, eliminating templates and setup. Processes invoice data with AI-powered OCR, providing structured JSON output with conversational feedback for tuning. Includes header and line-level extraction, custom fields, and handles complex invoice scans.
• Non-PO Account CodingAutomates non-PO invoice handling with AI-based account coding, identifying GL accounts, cost centers, and tax codes from invoice line context. The AI models learn from historical data and continuously adapt, requiring no rule-based setup.
• PO CodingEnhances purchase order coding workflows with interactive, real-time GL coding capabilities. Utilizes AI to assign purchase order lines to appropriate GL accounts and customizable dimensions, adapting to new suppliers and accounting changes.
• AI Bank ReconciliationAutomatic bank reconciliation with AI-powered transaction matching, efficiently matching transactions and reducing manual work.
• GL Outlier DetectionLeverages AI to identify and flag unusual GL entries for accurate financial analysis and enhanced reporting.
• Expense ClassificationAI-driven category recognition for accurate expense reporting, automatically assigning categories and streamlining the process.
• Kaunt Posting Text StudioEnables dynamic and intelligent construction of posting texts based on AI, invoice data, and customizable logic. Automatically generates structured, context-aware descriptions for accounting entries, ensuring consistency, compliance, and clarity in AP workflows.
• Management APIAPI for managing tenants, API keys, and configurations programmatically at scale. Includes tenant management, API key control, webhook configuration, and partner portal access.

Key capabilities

• Embedded AI-as-a-Service
• API-first integration
• Production-ready agents
• Document understanding
• Accounting intelligence
• Reconciliation
• Anomaly detection
• AI-powered OCR
• Continuous model training
• Unlimited customer-specific AI models
• Unlimited legal entities
• Line-item coding
• No rule-based setup
• Real-time processing
• Continuous learning
• White-label AI capabilities
• Tenant isolation
• AI serving and training infrastructure
• GDPR compliance
• Encryption
• Audit & compliance features
• Stateless, scoped, audited API
• Chat-based interface for extraction tweaking
• Prompt-based tweaking at company, supplier, or buyer scope
• Invoice-specific LLM layer
• Customizable logic for posting texts
• ISO-based methodology for compliance
• Data Protection Agreement (GDPR compliant)
• Microsoft Azure data centers in Europe and U.S.
• Data retention policy (data older than two years deleted)

Use cases

• Non-PO invoice handling automation
• PO coding workflow enhancement
• Automatic bank reconciliation
• GL outlier identification
• Expense classification and reporting
• Invoice data extraction and processing
• Automating categorization and coding of transactions
• Generating structured posting texts for accounting entries
• Reducing manual errors in financial data
• Improving accounting consistency in the General Ledger
• Accelerating time to market for finance platforms
• Reducing R&D costs for finance platforms
• Strengthening competitive edge for finance platforms
• Streamlining invoice-to-ledger workflows
• Enhancing AP/P2P systems with AI-driven automation
• Automating invoice coding for public sector organizations

AI approach

Kaunt AI provides embedded AI solutions as a service for finance platforms, specifically for ERP and invoice processing. They offer production-ready agents for document understanding, accounting intelligence, and reconciliation, integrated via an open API. Their AI models learn from historical data and continuously adapt, with a focus on automating tasks like Non-PO account coding, PO coding, bank reconciliation, GL outlier detection, and expense classification. They use AI-powered OCR and fine-tuned LLMs for document AI.

Tech named: AI Engine, AI-powered OCR, fine-tuned LLMs, Vector ETL

Industries served

• Software Development
• Finance
• Procurement
• Accounts Payables
• Controlling
• Treasury
• Shared Services
• ERP
• Spend Management
• AP Workflows
• Fintechs
• Public Sector

What it says sets it apart

• Autonomous AI for finance platforms
• Embedded AI solutions as a service via open API
• Seamless integration into existing software and UI
• Production-ready agents for specific finance workflows (document understanding, accounting intelligence, reconciliation)
• AI models learn from historical data and continuously adapt
• No templates or rule-based setup required for many solutions
• White-label AI capabilities for partners
• Built with scalability, effortless integration, and security in mind (GDPR, encryption, audit & compliance)
• One API for all agents with consistent token, REST contract, and data residency
• Chat-based interface for real-time tweaking of OCR output
• Focus on enterprise flexibility and customization without complex configurations
• Danish fintech origin with roots in high standards of Danish public sector (digitized and risk-averse market)
• ISO-based methodology for compliance (ISO/IEC 27001, ISO/IEC 27701)
• Dedicated Data Protection Officer (DPO)
• Standardized contractual agreements and data protection agreements provided
• Data hosted in Microsoft Azure data centers in Europe and the U.S. with top-tier security
• Commitment to reducing R&D costs and shortening time to market for partners
• Partner-driven company model