While application areas of RPA (robotic process automation) are expanding steadily, one of the fastest growing area is back-office jobs and accounts payable (AP) operations. Companies who need to process high volumes of invoices periodically, suffer from complications of manual invoice processing. Invoice processing is a key joint stage of many business operations. AP department […]
Too many companies and business leaders believe that using automation technologies is one of the smartest ways of gaining competitive advantage and profit. They are completely right; however, they overlook the human component frequently. When you run business automation technologies (RPA, process automation, intelligent document processing, data extraction etc.) within your organization, obvious benefits occur: […]
There are two underlying reasons why invoice capture has become an essential tool for companies in recent years. First and foremost, invoice capture contains two powerful and effective technologies, which serve companies to easily automate processes. These are Optical Character Recognition (OCR) and machine learning. The other reason is that by automating one of the […]
One of the most promising areas for digitization of business is cognitive data capture. Among many applications of cognitive data capture, invoice processing is getting ahead because of fast and effective results that companies get. In every company, accounts payable department spends most of its time to process invoice data. Invoice processing consists of a […]
Invoice processing handled by accounts payable department in a company is one of the most time-consuming business functions, which also needs to be performed with high accuracy. Since invoice processing consists of consecutive steps such as; data entry, approvals, transferring to financial system, recording & archiving, payment etc. many companies prefer to automate invoice processing […]
Digital transformation has been around almost for two decades, however there is still lots to do to overcome devastating paper work and manual document processing. Main reason which lays beneath the fact that document processing (invoice processing, banking and financial document processing, legal document processing etc.) couldn’t reach to a higher level of digitalization is […]
