Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Search
Close this search box.
Springbrook Launches AI Tool to Streamline Local Government Invoicing

Springbrook Launches AI Tool to Streamline Local Government Invoicing

Springbrook Software, the leading developer of enterprise-class ERP solutions for local government, announces the release of advanced AI technology designed to transform invoice processing—a major source of manual inefficiencies for municipalities. The new technology is part of Springbrook’s fully integrated, cloud-based Cirrus financial platform.

Financial Technology News: Gate City Bank Selects Lama AI to Transform Business Lending with GenAI

This innovative tool enables Springbrook users to upload invoices, which are automatically read and processed by the AI Document Reader. The system extracts critical information—such as vendor details, dollar amounts, invoice numbers, and dates—and creates comprehensive invoice records in Cirrus. The AI-powered tool also links invoices to the appropriate vendor records, eliminating the need for manual searches and data entry. After selecting the applicable GL account for payment, the AI Document Reader manages all tasks, including attaching scanned invoices to records.

Invoices processed through Springbrook’s AI Document Reader remain secure. Springbrook does not store or use invoices for model training, ensuring customer data privacy and security.

Financial Technology News: Profile Software introduces AI-Driven solution for DORA Compliance

The AI tool has already received enthusiastic feedback from early adopters:
“The ability to use AI will be a huge advantage to my organization. My job just got easier!'” Finance Manager at a medium-sized municipality.
“I was impressed with the feature! The AI matched vendors and seamlessly pulled dollar amounts, invoice numbers, and dates.” Senior Finance Manager at a medium-sized municipality

“Springbrook’s goal is to eliminate the burden of manual processing by developing innovative, secure, and easy-to-use tools,” said Robert Bonavito, CEO of Springbrook Software. “We are thrilled to offer a solution that significantly reduces administrative workload, enabling our customers to focus on delivering critical services to their communities.”

Financial Technology News: FactSet Launches AI-Powered Pitch Creator

Source – PR Newswire

To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com

Share With
Contact Us
StatCounter - Free Web Tracker and Counter