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…
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…
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…
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…
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…
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…
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….
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…
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…
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…
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