Rethinking capture means helping eliminate many manual document-handling tasks such as sorting documents and entering data enhancing your digital workforce.
Here are three essential steps to Accounts Payable automation that you can do today to overcome what may seem like the most daunting challenges to automation.
“Digital Transformation” is changing Accounts Payable, and companies find that AP automation is making a real difference per a study conducted by AIIM International. Find out the details and the key benefits here.
Attaining 100% document automation within this lifetime may be unattainable, but it doesn’t keep us from working toward the ideal. Discover how accuracy is meaningfully measured and when it is NOT and why it matters to your business.
Invoice data verification takes invoice capture or recognition beyond the Accounts Payable (AP) department for use in new applications, namely tax auditing and refund recovery.
Panorama of AP automated solutions–traditional approaches versus machine learning and how to determine what solution works best for you.
A/P Processing Automation: Think outside the manual by exploring new approaches to processing invoices, receipts, checks.
Using approaches like regular expressions and keywords on OCR text achieves poor results with double-digit error rates. Achieving excellent data extraction results requires machine learning and other advanced technologies
Extracting valuable data from receipts is now accurate, efficient and simple, using FormXtra Receipt Data Extraction
Parascript has been a recognized leader for check recognition in the financial services and banking industry. The company is a key technology supplier providing the powerful engine behind the best solution providers with the highest accuracy and exceptional read rates. This world-class check recognition engine is now available as part of Parascript’s Intelligent Document Recognition […]
According to a recent report from Aite Research, $1.062 billion of consumer payments will be done by mail in 2013 in the U.S. Thats compared to $1.769 billion done online. Payments with checks are declining, but as we can see here, they are still part of the second most used payment channel. Even if the […]
Back in March and April, Parascript commissioned research with the Aite Group to better understand the current state of receivables processing automation at mid-market companies ($50m – $500m). Most specifically, we were interested in the more complex, business-to-business (B2B) market. We learned a great deal. A few of the highlights: The average mid-size B2B company […]