The Fintech and supply chain finance company, Taulia have partnered with Google Cloud in a step to provide cognitive invoicing.
Cognitive Invoicing enables businesses to process invoices in any file format from their suppliers. The solution leverages the optical character recognition (OCR) capabilities of Google Cloud’s Document Understanding AI to read and interpret unstructured supplier invoice data in Taulia’s global invoicing platform. Exceptions are handled on a collaborative basis – in the cloud – with the ability for corrections to be made by either party. Cognitive invoicing helps companies capture all unstructured invoices, including PDFs by using the combined power of Google Cloud’s latest Document Understanding AI technology and Taulia’s platform.
Brady Cale, CTO of Taulia says “Using AI we have finally cracked the intractable invoice processing issues that many businesses face. We are now able to fully realize our vision of enabling buyers and suppliers to freely exchange information... The faster an invoice can be processed, the sooner it can be leveraged within the company’s working capital strategy, thereby bringing more opportunities for companies to free up cash. It’s a complete game changer for Finance teams.”
Pallab Deb, Head of ML Tech Partners at Google says, “Enterprises are looking for easy, scalable solutions to extract deep insights from their unstructured content and documents. We are thrilled to offer Document Understanding AI in collaboration with partners like Taulia to enable our customers to unlock valuable insights from their documents.”
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