Rossum Newsletter - AI Agents - Buzzword to Reality, Hidden in Plain Sight
Hi Fat Fingers fans ??
Happy New Year! Ready to kick off 2025?
Word on the street, this year we're entering the agentic AI era. Proactive, able to reason and plan, AI agents can autonomously execute complex tasks without constant user input.
We have a ton to say on the subject, kicking off this month with our editorial discussing NVIDIA CEO's statement at CES 2025.
BTW, if you prefer, you can receive our newsletter as an email. Okay, let's get this show on the road...
Editorial
Your AI’s Real Boss!
The tech world is buzzing after NVIDIA CEO Jensen Huang's provocative CES 2025 statement that "the IT department of every company is going to be the HR department of AI agents." While this makes for a catchy soundbite, it ignores a crucial truth - AI needs business leadership, not just technical oversight.
AI agents are transforming business operations. These aren't just sophisticated software tools – they're digital coworkers that can autonomously plan and execute complex tasks. But relegating their management to IT departments ignores the vital role of business expertise. Like any worker, they need the right boss.
Think about your organization's most effective teams. HR handles administrative aspects, but department managers drive performance, set objectives, and ensure work quality. Similarly, while IT should manage the technical deployment and infrastructure of AI agents, business leaders must actively shape how these digital workers integrate into their teams and processes, and deliver value.
Domain expertise isn't optional. It's essential. A marketing manager understands the nuances of customer engagement way better than an IT professional. A finance director knows exactly what constitutes a well-processed invoice. These business leaders are the real bosses who must guide, evaluate, and refine AI agents' performance within their domains.
What we need is a collaborative model where IT provides the technical foundation and security guardrails, while business leaders drive the strategic deployment and oversight of AI agents. This ensures we harness AI's potential while maintaining human judgment where it matters most.
The future of AI in business isn't about IT departments acting as HR. It's about empowering the right leaders to manage both human and artificial intelligence effectively.
Why are we talking about AI agents? Hey! It's the latest buzzword and it's producing gallons of honey. Seriously - stepping over Winnie the Pooh - we're going to be introducing you to some of our coworkers real soon…
Understanding OCR Accuracy
OCR works perfectly with any document. All OCR tools can handle handwriting seamlessly. OCR accuracy doesn’t change over time.
No way. Nope. Wrong. Best you read on…
More and more processes rely on digitizing printed text with OCR. Which means accuracy is critical. Our article explores the key concepts around OCR accuracy. What impacts that accuracy, and tips for improving performance. Can you build your own? What should you look for if investing in OCR?
Why Finance Leaders Must Drive AI Implementation Now
Financial leadership is undergoing a seismic shift. Leaders who strategically roll out AI implementation will navigate their organizations to further success. Those who hesitate risk becoming irrelevant. This is the scary reality facing CFOs.?
According to our Document Automation Trends 2025 report, 76% of finance leaders don’t see themselves as innovation drivers.?
What’s going on? Fear? Lack of knowledge? Whatever it is, it’s not sustainable. Agile competitors will outclass you, profits will plummet, and you’ll lose employees.?
We’ve got some pointers. Key actions for successful AI implementation.?
Macy’s employee hid up to $154 million worth of expenses
November 2024, Macy’s delayed its earnings report due to accounting irregularities caused by a single employee who hid $154 million in expenses over three years. An investigation revealed no broader impact but raised concerns about auditing practices.?
This incident stresses the value of thoroughly understanding your business processes and ensuring they’re followed. Alongside the need for proactive monitoring, training, and internal controls to prevent such issues and maintain investor confidence.
It’s a new year. Are you ready?
领英推荐
How the AI Revolution Can Help Reinvent Emerging Europe
Emerging Europe is transforming from a tech-outsourcing hub into an AI innovation leader. Countries in Central and Eastern Europe are using STEM talent, supportive policies, and rising investments to build thriving AI ecosystems. Poland, Czechia, and Estonia lead the charge with initiatives like Poland’s Future Industry Platform and Estonia’s AI-driven public services.
Venture funding for AI startups in the region has surged, growing 35% between 2020 and 2023. Notable successes include Warsaw-based deepsense.ai, Czechia’s Rossum, and Ukraine’s Grammarly.
CEE nations are creating regulatory sandboxes to balance innovation with EU compliance. There are challenges, including retaining top talent and scaling startups globally. But, with strong technical foundations, increasing risk capital, and collaborative public-private efforts, the region is poised to play a critical role in Europe’s AI revolution, driving economic growth and innovation.
Veolia’s Invoice Processing Rehab
In 2020, multinational water, waste management and energy services company Veolia was struggling with invoice processing on its knees. It was time to launch a new vision of unified invoice navigation, centralize its process, and increase digitization.?
It was time to bring in the experts!
The first hurdle? Veolia’s SSC director Ondrej Beranek said, “most of the accountants had been working in that position since the time I was born and that’s over 50 percent of them. So to change their way of thinking was the hardest thing in the beginning.”
This article walks you through the multiple steps that led to Veolia moving away from manual invoice processing and employing AI and RPA. Reducing the need for paper invoices from 80%+ to less than 6%, and enabling faster, error-free processing across 30 entities.
What an AI-Powered Finance Function of the Future Looks Like
At the Edge Podcast
Lareina Yee, a McKinsey senior partner, chats with OpenAI CFO Sarah Friar about the finance team of the future.?
“Today, there’s still so much in the finance department that is the look back, not the look forward. I hope in five years we’ll look back at how we do things today and feel like today’s methods are so outdated.”
Our Document Automation Trends 2025 report gives this the nod with 58% of finance leaders surveyed choosing Excel as their main tech driver.
Tune in to hear Sarah discuss how OpenAI is moving forward with agentic technology. “The really exciting next thing … will be agentic innovation, where you’re contributing to new knowledge in the world.”
SSON | Autonomous Finance
Virtual Summit
Are you ready to revolutionize your finance operations? That’s the theme at this year’s event. CFOs looking to transition from automated to autonomous. Attend presentations on how AI agents can create touchless finance management, preparing employees for the age of AI, and a whole lot more.?
Zach Low, Rossum’s Snr VP of Revenue, will be presenting on Jan 28th, 17:15 CET | 16:15 GMT. Sharing expert advice on how to achieve a successful AI implementation.
Future events to add to our calendar…
February 18 | 15:00 CET | 9:00 ET | 22:00 SGT | Webinar. Join Tomas Gogar, our CEO, and Vojtech Paukner, our Product Manager, as they discuss How AI Agents are Transforming Document Processing in 2025, even the most complex tasks.
March 11-12 in London, we’re presenting at SSON’s AP Automation Digital Summit. The leadership event for accounts payable and P2P professionals.
March 21 in London, we’re sponsoring the Accounts Payable & P2P Leadership Conference 2025. We’ll have a booth, be doing a breakout session, and participating in a discussion panel.
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