Machine learning is a subarea of Artificial Intelligence. As the wording suggests, it is about imparting knowledge to machines or computers. To this end, a so-called neural network or model needs to be trained with data, such as texts or images. The respective data can be unstructured financial data from the SAP system for instance. From the mass of training data, the system extracts characteristic features to enable a direct recognition and assignment of the data imported in the future based on these features.
Machine learning provides major benefits, particularly if processes are to be automated for which no generally accepted rules can be found, i.e. if classic Customizing is not sufficient. With SAP Leonardo, SAP provides a solution here.
Especially in the area of finance and accounting, FIS has identified a clear benefit by applying machine learning. In this way, the technology can be used for automated classification of FI invoices for instance. Furthermore, an automatic account assignment system can be established in the next step by using machine learning. The process is eventually completed by Artificial Intelligence finding the approver responsible for a specific invoice due to its experience and automatically sending it to the approver for release.