P2P presents you with two challenges:
- It’s a multistep process which is becoming more complex and involves a rampant number of actors (Buyers, Suppliers, Receivers of Goods)
- Across this complex process flows a vast body of data which is full of patterns and errors
These 2 challenges are the main reasons shared services processed more paper invoices than electronic in 2024.
I invite you to read this short infographic to begin to understand how Intelligent Document Processing (IDP) solves the “AP Invoice Problem.”
IDP uses OCR + Natural Language Processing (NLP) + Machine Language (ML) to extract, analyze, interpret and enrich invoice data.
If you’re struggling with processing AP invoices that:
- Are in multiple languages
- Have multiple pages, often 100s of pages
- Quote complex tax amounts and calculations
- Enter your environment as Paper, PDF, Electronic or EDI
- Require human touch
Then read this Infographic. IDP has a significantly bigger brain than a human, learns quickly therefore provides a continuously improving solution, traverses complex end-to-end processes like P2P, and can ingest, interpret and analyse a massive body of data.
Find out how Pepsico is using IDP today, how Carlsberg is at 92% touchless invoice processing because of IDP, and Siemens' productivity rate increased by 40%. Download this stat-rich infographic today
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