Case Study: Renta Group automates purchase invoice processing with Snowfox.AI

Renta became the first customer to use Snowfox.AI in 2018

Renta Group Oy, a Finnish equipment rental company, faced a growing bottleneck in its financial administration due to the high and increasing volume of purchase invoices that required manual processing. As a rapidly growing business, Renta needed a scalable solution and became the first customer of Snowfox.AI, implementing their artificial intelligence service to automate this challenging aspect of their accounts payable.

Snowfox.AI implemented an AI solution that automatically processes 27,400 purchase invoices annually which would otherwise be handled manually. The AI learns constantly and achieves an 80-100% prediction accuracy for three key invoice dimensions, dramatically reducing manual work for employees. This has not only provided great relief to staff but has also improved the overall quality of Renta's accounting by reducing deviations.

Renta Group

Joel Särkkä

Chief Information Officer