How Transitioning To Intelligent Document Processing Could Transform Enterprise Processes

How Transitioning To Intelligent Document Processing Could Transform Enterprise Processes

An Article on Forbes by Dr. Akhil Sahai | Chief Product Officer,

Dear Reader,

When your organization made the big shift to remote work because of Covid-19, it helped usher in a move to more digital document processing. Back in 2019, Gartner, Inc. predicted that "by 2025, 50% of business-to-business invoices worldwide will be processed and paid without manual intervention." While it's been hard for many companies, this digital shift is ultimately a good thing.

Manual document processing is not going to work when your employees are in multiple locations. In the accounts payable function specifically, organizations also grapple with budget & resource constraints, long process cycle times, productivity challenges and fraud prevention. 

Begin Your Journey with Intelligent Data Processing (IDP) 

IDP automation software can transform the document processing-heavy workflows of an enterprise, and keeping humans at the center can ensure automation success. While users engage with other business-critical tasks, automation can take care of mundane activities.

Read the Full Article Here ➞

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Sagarika Basu

I Help technology become more accessible to business | Technical Documentation Expert| End to End Business Analysis Consultation

1mo

IDP can automate tasks such as reading the document, auditing and tallying incase of account payables, and ledger entry of thousands of documents. Complete automation of these mundane tasks is much needed in a world increasingly moving towards more automation and digitisation.

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