We are thrilled to announce that we have been recognised with the prestigious 2023 SME AI Business Impact Award by CeADAR. This accolade underscores our commitment to innovation, excellence and our significant contributions to the field of AI and automation.
The award ceremony, which took place on October 20, 2023, was a celebration of our fruitful partnership with CeADAR, an organization dedicated to advancing AI technologies. Our Head of Product, Alistair Thacker, had the honour of representing Kefron and speaking about our collaboration with CeADAR, the rapid growth of our Accounts Payable Automation solution and the significance of this award.
Kefron AP has emerged as one of the fastest-growing AP automation solutions globally, boasting an impressive average annual revenue growth of 113% over the past five years. With over 250 satisfied customers across the UK and Europe, Kefron AP has revolutionised the way businesses manage their supplier invoices.
Through our partnership with CeADAR, facilitated by the Enterprise Ireland Innovation Partnership Programme, we’ve harnessed the power of artificial intelligence and Computer Vision to develop cutting-edge extraction models. These innovations enhance the quality of data digitisation, significantly reducing processing time for documents and facilitating the adoption of AI solutions for our ever-expanding customer base.