UMT United Mobility Technology AG: UMT AG signs contract with Reiser AG Maschinenbau

München (pta010/26.06.2024/09:41) - UMT AG has signed a contract with Reiser AG Maschinenbau to automate the document workflow using artificial intelligence. In future, all documents at Reiser, regardless of their type, will be automatically read, recognized and classified by the UMT AI Xpact software and then, for example in the case of invoices, either automatically made available for approval in the ERP system or automatically reconciled with warehouse management in goods receipt. This can save around 70 - 80 % of the workload in the medium to long term.

"We are delighted to have found an application in Xpact that frees our employees from time-consuming routine tasks. They can now devote themselves to other, more important tasks and leave this work to the "new AI employee". UMT AG is a promising partner with a very interesting value proposition," says Daniel Reiser, CEO of Reiser AG Maschinenbau.

"As an innovative and professional company, Reiser uses current developments in the field of AI to increase cost efficiency and competitiveness. We at UMT AG are delighted that the Xpact software has been so well received," explains Erik Nagel, CEO of UMT AG.

About UMT AG:
As an innovative company, UMT United Mobility Technology AG stands above all for the integration of customized solutions in the field of digitization and automation of business processes. The self-developed payment hub, AI and blockchain enable UMT AG to be successful in the rapidly growing and sought-after segment of supply chain management solutions. The focus here is on digital and scalable solutions for the B2B segment. In addition to organic growth, UMT AG aims to acquire both customers and technologies through targeted acquisitions of companies. The IT and consulting expertise built up over a decade is the basis for value-creating investments in companies that contribute to the digital transformation of SMEs.

UMT United Mobility Technology AG shares (WKN: A2YN70, ISIN: DE000A2YN702) are traded on the Frankfurt Stock Exchange and are listed on the Basic Board of Deutsche Börse AG.

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