Technology

Business Automation Tools: How They Can Benefit Your Company

Business Automation Tools: How They Can Benefit Your Company

In this day and age, business automation is a must. As technology advances, more and more tasks can be automated, saving businesses time and money. Business automation tools are software applications or programs that allow you to automate certain tasks on your computer. They can be used in a variety of ways to improve your…

What is Hyperautomation? How Does it Work?

What is Hyperautomation? How Does it Work?

We are now living in the Fourth Industrial Revolution, or hyperautomation. This is a term used by the consultancy Gartner to describe the automation of any business process using a combination of robotic process automation (RPA) and other advanced technologies, such as Artificial Intelligence and Machine Learning. What does this mean for your business? In…

Intelligent Document Processing with APIs: The Path to Business Productivity

Intelligent Document Processing with APIs: The Path to Business Productivity

In order for businesses to be productive, they need the right tools. Intelligent document processing (IDP) is one of those tools that can help streamline business processes and optimize productivity. However, in order for IDP to work seamlessly, it needs application programming interfaces (APIs). Without APIs, IDP would not be able to communicate with other…

What is Automated Redaction? How Finance Companies Can Save Time And Money by Using Them

What is Automated Redaction? How Finance Companies Can Save Time And Money by Using Them

Automated Redaction is the process of removing Personally identifiable information (PII) from a document. This can be done manually, but it is time-consuming and often not 100% accurate. Automated redaction software can quickly and accurately remove PII from a document, saving time and money. Every day, businesses handle sensitive, personal information like social security numbers…

How Intelligent Document Processing Can Streamline Accounts Payable and Accounts Receivable

How Intelligent Document Processing Can Streamline Accounts Payable and Accounts Receivable

Invoices are one of the most common documents businesses have to deal with, and yet they can be very inconsistently structured. This makes it difficult for AP and AR departments to navigate them in an expedient and intelligent manner. Intelligent document processing is an integral technology enabling these departments to manage invoices more effectively. With…

What is Accounting Process Automation? How to Automate Essential Accounting Tasks and Save Time

What is Accounting Process Automation? How to Automate Essential Accounting Tasks and Save Time

In the Accounting world, there is a big move toward process automation. In fact, according to a study by Aberdeen Group, best-in-class companies are 3x more likely to have fully automated their accounting processes than their peers. The benefits of automation are vast and can save your company significant time and money. Many organizations still…

How AI in contract management can increase revenue

How AI in contract management can increase revenue

Contract management tools can help businesses keep track of their contracts and improve efficiency. As a business grows, the number of contracts it has with customers and suppliers also grows. This can lead to administrative problems if not handled correctly. Contract management is the process of overseeing all of these agreements in an efficient manner….

What is Cognitive Automation? How It Can Transform Your Business

What is Cognitive Automation? How It Can Transform Your Business

The digital transformation of the workplace is upon us. What does this mean for your business? It means that the way we work is changing, and businesses need to adapt in order to stay competitive. One of the most important aspects of this digital transformation is cognitive automation. Cognitive automation plays a pivotal role in…

The Future of Finance Depends on AI and Unstructured Data – Here’s Why

The Future of Finance Depends on AI and Unstructured Data – Here’s Why

AI and unstructured data go hand-in-hand because AI is uniquely suited to help us make sense of unstructured data. Unstructured data is information that doesn’t have a predefined structure or format, making it difficult for traditional software programs to process and extract value from it. This includes things like text, images, audio, and video. On…

How Intelligent Document Processing Can Reshape Your Accounts Receivable Process
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How Intelligent Document Processing Can Reshape Your Accounts Receivable Process

Every business, no matter how big or small, needs to have an effective accounts receivable process in place. This is because the accounts receivable department is responsible for bringing in money that is used to keep the company running smoothly. Intelligent document processing can help to reshape your accounts receivable process in a number of…