How to Increase Accounts Receivable (AR) and Accounts Payable (AP) Efficiency with Intelligent Document Processing

How to Increase Accounts Receivable (AR) and Accounts Payable (AP) Efficiency with Intelligent Document Processing

Does your team still read a flood of financial documents to extract the required information? Are you still manually keypunching that data into a file or directly into your ERP system? Thanks to Intelligent Document Processing (IDP), these operations can be fully automated. IDP is faster, cheaper and more accurate than having humans read and process documents.

Gartner estimates that 80% of data within an organization is contained in unstructured documents. Reading, extracting, and inputting unstructured data not only consumes a high proportion of the total work performed in Accounts Receivable (AR) and Accounts Payable (AP) operations but also accounts for most of the errors occurring in AR and AP processing.

Watch this video to understand:

  • How IDP works
  • The use of IDP in AR and AP operations
  • How IDP improves speed, accuracy and productivity
  • How IDP automates tedious tasks and helps reduce attrition

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