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AI’s new roles in the financial back-office Traditionally, the financial back office has been filled with manual, time-consuming tasks. It relied heavily on processes such as paper-based record keeping, manual data entry, and labor-intensive reconciliation tasks; however, the emergence of artificial intelligence (AI) is rapidly transforming how the financial back-office works. One prime example of […]
Read FullAccounts payable is changing. AI-powered systems are replacing tedious data entry and paper invoices, with streamlined processes, boosted accuracy, and self-learning. There are many methods by which these enhancements occur, but in the blog we will be focusing on self-learning through vector databases. What are Vector Databases? Unlike traditional databases that store information in text […]
Read FullBenefits of Contextualizing OCR Data Optical Character Recognition (OCR) is a technology that stands for efficiency and productivity. By converting scanned images and printed text into editable digital files, OCR has revolutionized the way we handle data-intensive tasks. Yet, amidst the buzz surrounding OCR’s capabilities, the power to utilize OCR for contextualization is often overlooked. […]
Read FullUnlock invoice insights by using AI to contextualize back-office data In today’s data-driven business landscape, the sheer volume of information generated by back-office operations can be overwhelming. From financial transactions to procurement processes, organizations are inundated with data. However, without proper context, this data fails to provide meaningful insights and actionable outcomes, which is where […]
Read FullBack-office efficiency and flexibility is essential! The economy appears to be entering a period of substantial economic growth. Stabilizing inflation and lower interest rates are seen as signs of future accelerated growth. In times of economic growth the spotlight often shines on the forefront of businesses – the customer-facing interactions, products, and initiatives. However, lurking […]
Read FullAutomating back-office processes can deliver big savings! Back-office automation in convenience stores and travel stops can offer numerous significant benefits including enhancing overall operational efficiency, customer service, and profitability. Here are some key advantages available by including automation in C-stores & travel stops: Inventory Management: Point of Sale (POS) Efficiency: Order and Supplier Management: Vendor […]
Read FullFoodservice distribution companies can reap big rewards! Back-office automation in food service distribution can bring about several benefits, streamlining operations, improving overall efficiency and adding to the bottom line. The economic and supply chain benefits of automation cannot be overestimated. Here are some key advantages to adding back-office automation in food distribution: Order Processing Efficiency: […]
Read FullData Capture Webinar Registration Register today and watch this informative webinar that addresses the various data capture options available to your company and how to determine which options fit best. REGISTER TODAY
Read FullIn the dynamic landscape of business operations, the integration of artificial intelligence (AI) into rules-based workflows has emerged as a game-changer. AI-assisted rules-based workflows bring a new level of efficiency, accuracy, and adaptability to various processes, including those in the financial back-office.
Read FullYou may be getting accurate extractions, but is it capturing the data you need? All data capture solutions, and solution providers, are not created equal. Capturing data accurately and capturing the right data are both essential aspects of effective data collection and management, but they refer to slightly different concepts that will have a major […]
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