Intelligent Document Processing: Benefits, Key Technologies, and Use Cases
[vc_row pix_particles_check=””][vc_column][vc_column_text] Documents are the crux of every business. From bills, emails, invoices, etc., every document is critically essential to keep track of important data. These days, organizations are using Intelligent Document Processing (IDP) to transform the way they deal with data. Manually organizing and maintaining these documents is laborious, time-consuming and tedious. As paperwork […]
Need for Invoice Scanning OCR Software for Your Enterprise
[vc_row pix_particles_check=””][vc_column][vc_column_text]Enterprises are transitioning towards digital documentation quite rapidly. Physical documents at large are being replaced by emails, scanned images, PDFs and documents in other digital formats. This has made the internal workflows lean, efficient and smooth for enterprises as most data can be shared almost instantly. Invoice scanning OCR software has a huge role […]
AI in Accounts Payable: How it Improves AP Processing
[vc_row pix_particles_check=””][vc_column][vc_column_text]Automation is the need of the hour for all types of enterprises. Whether you are in the finance industry or the manufacturing space, some level of automation is a must for your enterprise. With advancements in technologies and business processes, AI in accounts payable is an emerging trend of automation that enables your enterprises’ […]
Why is AP Invoice Automation Necessary for Your Enterprise?
[vc_row pix_particles_check=””][vc_column][vc_column_text]There are plenty of benefits an enterprise can gain after automating the invoice, receipts and cashflow process of the business. With AP invoice automation, your enterprise can reduce the risks and enhance its efficiency and quality of the enterprise. Technological innovations are meant to bring convenience to us, save time & cost and help […]
Automated Receipt Processing Software Using OCR & Deep Learning
[vc_row pix_particles_check=””][vc_column][vc_column_text]Optical Character Recognition (OCR) and deep learning have become crucial aspects of document automation. OCR helps in data extraction and deep learning helps in the evolution of the document automation solution. Enterprises are looking for these technologies in the document automation solution that they would like to adopt to automate and digitize documents like […]
Top Document Processing Companies in the United States
[vc_row pix_particles_check=””][vc_column][vc_column_text]The 21st century is called the era of knowledge and information. And document processing becomes a crucial task for any business in order to thrive. But the primitive method of processing information from documents is very time consuming. According to a record, an average worker spends more than half an hour to two hours […]
AP Invoice Processing for BFSI
[vc_row pix_particles_check=””][vc_column][vc_column_text]Advancement is a story of every field, whether it’s technical or commercial. Small to large firms make sure to update their service for their better image and users’ better experience with them. It is noticed that we come across a section that maintains data regarding expenditure and earnings. All this towards a particular part […]
Importance of Cognitive Document Processing
[vc_row pix_particles_check=””][vc_column][vc_column_text]A study into the minds of various back-office workers has revealed a hidden pattern that has long been ignored in the corporate workspace. This research aimed to study the nightmares back-office workers are prone to having. And in a not-so-surprising turn of events, the study has revealed a range of monsters that back-office workers […]
Why is it Important to Invest in Touchless Data Capture from Invoices?
[vc_row pix_particles_check=””][vc_column][vc_column_text]As per statistics by Mckinsey, the Account Payable market is to reach 5.8 Bn due to automation with a CAGR of almost 10.8% in the period of 2022-2029. Thus, most businesses are resorting to touchless data capture methods from invoices not just limited to Optical Character Recognition but also include other automotive processes. Invoices […]
3 Must-have Features of Invoice Automation OCR Software In 2023
[vc_row pix_particles_check=””][vc_column][vc_column_text]Any delay in data loading directly impacts a company’s timelines. Especially the sales reports that serve as the basis of inventory planning, marketing, and sales target decisions. The manual invoice processing system also relies on manual monitoring. This makes it prone to errors. Hence, invoice automation ocr software is required. Optical character recognition (OCR) […]
