- Smooth workflow
- Decreasing process costs
- High data security and optimal data protection
With its Machine Learning Service for improved payment allocation, powercloud offers an innovative, powerful solution for energy providers who want to further optimise their payment processes and reduce costs. The new payment allocation service continuously increases the number of incoming payments that can be automatically allocated, significantly reducing the manual workload for energy suppliers. powercloud customers who have already decided to use the Machine Learning Service enjoy an allocation rate of over 98 per cent.
How does the Machine Learning Payment Allocation Service from powercloud work?
The Machine Learning Payment Allocation Service is seamlessly integrated into the existing payment allocation business process: powercloud takes over the setup of the service in the customer’s cloud infrastructure. From then on, the service analyses historical payment data and, based on this, creates individual models that automatically allocate incoming payments – without the data leaving the cloud accounts.
The advantages at a glance:
- Automation and efficiency: automatic payment allocation significantly reduces manual effort and processing costs.
- Seamless integration: the service can be easily integrated into existing payment processes, enabling a high level of process quality.
- Customisation: By building a custom machine learning model, payment allocation automatically adapts to the specific needs and challenges of the utility company in question.
- Optional manual allocation: If required, manual allocation can be added as an extra feature. With this feature, the service continuously learns from previous decisions.
- Data security: The service runs exclusively in the customer’s cloud infrastructure, which meets the highest data protection standards.
The service is easy to set up and is done in close collaboration with the customer. powercloud’s experts take over the integration and training of the machine learning service. A monthly model update ensures continuous improvement of results.
A Future-Proof Solution
powercloud’s machine learning services have a modular design. powercloud plans to continually expand its range of services to help energy suppliers make additional processes even more efficient.
