Automated document data extraction integrated with your standard Unit4 ERP
- 24/03/2023
AI OCR
Automated document data extraction integrated with your standard Unit4 ERP
As organisations have become increasingly aware of the importance of the efficiency of their Accounts Payable (AP) process to the success of their business as a whole, many have come to realise just how costly manual invoice processing can be.
Invoice processing costs add-up
If you do not know your organisation’s average cost to manually process an invoice. It is hard to find a single agreed-upon estimation to use from the various studies available online, with figures varying drastically. A 2017 report by Ardent Partners calculates the average cost to be £9.85 an invoice, while others, such as Rossum, have estimated the average to be more like £1.66 an invoice.
Our Solution
- No templates
- High out of the box accuracy
- No ”files” everything handled via APIs
- Line level detail, less manual input and improved matching
- Quick install and implementation
- Integrated within the Unit4 ERP application
- Customisation available on request (additional cost)
- Can potentially be used for any documents, not just invoices
