AI-based document processing

Capture and extract accurate data from invoices and receipts

Invoice Automation Benefits

  • reduced invoice processing expenses – businesses can achieve up to 90% cost saving.
  • increased focus on activities with higher value add
  • reduced invoice processing errors as personnel only focus on hard to interpret invoices
  • What is Invoice Automation?

    Invoice automation allows straight through processing of invoices with no human interaction for the entire process. Invoice automation is a critical part of a company's accounts payable management and other areas such as inventory management.
  • Template Based Solutions
     Traditional solutions. Require end-users to input the document structure to the software. There are many different structures for invoices which result in errors. Inputting template structures to the software is additional work. Automation solutions should not create new manual tasks for users.
  • Pre-trained Machine Learning Solutions
    Major improvements over template based solutions. Automation solutions are built based on millions of invoices. However, can run into issues when faced with new types of invoices.
  • Continuously Trained Machine Learning Solutions
    Best solutions. Solutions are trained on millions of invoices. Our developers work with customers to ensure that the solution is constantly trained on new invoices.

Computerized Inventory Management

Automated Accounts Payable