AI

Research suggests that the cost of entering data by hand is 13 to 31 times higher than the cost of automating the process. Most of the time, you have to process the documents by hand, which takes…

The typical office worker reads more than 10,000 pages of documents a year, with 45% of those being useless after just one day. Also, the average worker spends 30–40% of their time looking for specific documents or…

The insurance industry processes approximately 97% of its data in an unstructured format. The unique words, acronyms, and abbreviations in the adjuster's notes are where you can find the most important information. A report by Gartner Insurance…

The logistics industry requires a lot of paperwork, which means that a huge number of records are kept. Poor payment practices are causing friction in the supply chains of US businesses. The average business in the United…

In recent years, intelligent document processing has become a cutting-edge technology that helps companies realise the digital transformation of business processes and automate structured and unstructured data entering from different document sources. The pandemic has significantly driven…

It's crucial to understand exactly how invoices are moving through your company. Consider where the invoice is received, how it is sent to accounts payable (AP), how it is validated, and how long the process typically takes…

Automation may aid in the improvement of processes almost anywhere in a business. Additionally, it can be a lifesaver for manual tasks like processing invoices. Automated Invoice Processing: Benefits for Businesses Here are a few of the…

Invoice management, unlike other old-age internal operations, should be the first thing to be automated. 82% of finance departments, according to a survey, are overworked to handle the numerous invoices they must process each day and the…

Automated billing software is the most efficient way to manage your company's invoices. It can help improve efficiency at the workspace and make it easier for clients to pay their bills on time. Allowing your staff more…

Talk about Disney, DHL, or Gamestop—all of them have gone through remarkable digital transformation. Most of the administrative tasks that businesses do, like the accounts payable workflow, have been taken over by computers. The finance departments, meanwhile,…