“Considering the invoice check-ups and robust algorithms that form the basis of Kaunt, I can only conclude that the team behind it have really done their utmost. The system is user-friendly and stable, and now, it automatically handles a large amount of our incoming supplier invoices.”
In late 2018, Svendborg municipality signed a deal with Kaunt to deliver automatic bookkeeping within the municipality. Prior to this, the municipality had successfully stepped into unexplored territory with a groundbreaking VAT analysis covering 2013 to 2015: an analysis utilizing the newest technology in artificial intelligence (AI). The brave pioneers in the picturesque municipality in southern Funen were department manager of the economic capacity, Karsten Effe Jespersen, and economic director, Jens Otto Kromann. They were both enthusiastic about freeing up resources by automating administrative processes and gaining experience in utilizing the possibilities in AI.
AI-based VAT review uncovered surprising results
In 2018, Svendborg municipality has just completed a tough series of cutbacks, which severely impacted budgets in all areas of the organization. Even though Karsten Effe Jespersen and Jens Otto Kromann saw great potential in automating bookkeeping using Kaunt’s solution, it was difficult to have to make further cuts to non-central budgets to fund the inception of another “increased effectivity project.” Even if from day one there were immediate, process-related benefits to using Kaunt.
For this reason, it became crucial to the collaboration that a joint financial model was negotiated, one that ensured Svendborg municipality a positive cash flow from the outset. This unique financial model involved an AI-based VAT analysis using Kaunt’s solution, VAT Review. The project turned out to unlock the first surprise for the municipality – or, as recalled by Karsten Effe Jespersen
Kaunt’s solution for automatic bookkeeping of supplier invoices recommended a wide deployment across the organization from the start. For their startup period, Svendborg municipality chose to follow a more typical path to implementation in which, slowly, department by department was opened up to Kaunt. Karsten Effe Jespersen relates:
A directorial decision in April of 2020, focusing on optimizing effectiveness, became the basis for Svendborg municipality finally taking the leap and letting Kaunt handle all incoming invoices, either with or without final approval by an employee. Since then, no one at the municipality has looked back. Karsten Effe Jespersen wraps up the interview:
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