AI

Accounts receivable (AR) is considered one of the most significant functions of a business. When customers pay for their purchases on credit, the AR department is responsible for receiving, collecting, and controlling these payments. Without such critical payments,…

As businesses collect more and more data, it becomes increasingly important to accurately label that data in order to extract valuable insights. However, labeling data can be a time-consuming and tedious task. At Graip.AI, we are committed…

There are many things Excel automation can do for users to work with an Excel workbook better. For example, automate the process of filling in data from a big Excel file with around 6,000 records of complex…

In the field of Intelligent Document Processing (IDP), Machine Learning (ML) models are increasingly being used to automate the process of extracting key-value pairs from different types of documents. These ML models are built by training on…

Accounts payable (AP) are the most critical processes of business accounting. Accounts payable are amounts due to vendors or suppliers for goods or services received but have not yet been paid. Intelligent document processing (IDP) brings significant…

According to a study by Supply Chain Brain, 80% of the classic old processes in procurement can be eliminated with the help of automation. You can skip paper storage, Excel tracking, and other purchase order procedures.

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 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…