Finto is an intelligent platform for automated invoice processing and accounting, designed to streamline and automate key financial workflows for businesses. Finto uses self-learning AI agents to handle tasks such as reading, verifying, coding, and posting invoices, delivering fully automated processing in real time.
How does Finto automate invoice processing?
Finto's core product focuses on automating the entire lifecycle of invoice handling. The platform extracts and validates invoice data, communicates with suppliers if there are errors or missing information, and intelligently assigns accounts and cost centers. It also performs compliance checks, manages approval workflows based on due dates, discounts, and thresholds, and generates posting records for ERP systems. By automating these processes, Finto can reduce up to 75% of an accountant’s manual workload.
What makes Finto different?
Finto’s use of self-learning AI agents enables it to continuously improve its accuracy and efficiency over time, adapting to a company’s unique invoice formats and business rules. The system emphasizes real-time automation of traditionally manual and repetitive accounting tasks, helping businesses reduce errors and accelerate invoice processing cycles.
Who uses Finto?
While specific customer names have not been published, Finto is aimed at companies seeking to modernize and automate their accounting operations—particularly those looking to minimize manual data entry, enhance compliance, and integrate seamlessly with ERP systems. Their platform is suitable for businesses handling high volumes of invoices or those seeking efficiency in purchase-to-pay workflows.
How was Finto started and who leads the company?
Finto was founded by Linus Boehm (Co-Founder & CTO), Jonas Morgner (Co-Founder & CEO), and Lorenz Neuner (Co-Founder & CPO), each bringing relevant expertise in procurement, go-to-market strategy, and product development for purchase-to-pay and supply chain solutions. Their backgrounds include early roles at Tacto and TradeLink, where they gained experience in mid-market P2P workflows and digitizing business processes. Learn more about their journey on the About Us page.
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