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How does our Document AI Platform help optimise accounts receivable workflows?
Artificial Intelligence (AI) Optical Character Recognition (OCR), is equally beneficial for enhancing the efficiency and effectiveness of Accounts Receivable (AR) operations as it is for Accounts Payable (AP) processes. AI OCR automation significantly reduces the need for manual data entry as it can extract and digitise data from a variety of documentation related to accounts receivable workflows, including bills, customer purchase orders and receipts. Consequently, this accelerates the AR workflows and reduces human error, increasing accuracy within the AR process. Affinda’s AI-powered OCR data extractor’s high level of accuracy is essential for maintaining healthy cash flow, especially in larger businesses.
By automating data extraction processes for accounts receivable, businesses can reduce the labor cost and the considerable amount of time formerly spent on manual data extraction, enabling quicker invoicing, and subsequently faster payments. This efficiency improves the organisation's cash flow and the overall health of the business. Additionally, as the business grows and the volume of AR documentation increases, an AI OCR data extractor is equipped to easily scale up to accommodate large volumes of documents.
Step 1
Upload your documents to Affinda directly to our app, or by integrating with email or document management platforms
Step 2
Our AI-powered OCR data extractor will automatically scan, extract, label and categorise the data on the documents in seconds.
Step 3
Export the data in a structured and usable format. Integrate our AI-powered OCR data extractor with any downstream system or platform to use your data where you need it most.
Step 4
Need an AI data parser customised to your specific business needs? Our expert team can build a model tailored to your business workflows that integrates seamlessly with existing processes.
Michael Zhao
AI Product Manager | SEEK
De-clutter your business processes with a solution that seamlessly consolidates a diverse range of data, reducing complexity in business workflows and promoting effortless, streamlined operations.
Leave the repetitive, menial tasks to the AI, and do what you do best - talk to real people. Resume parser, job description parser, and candidate search and match can free up hours in your work week.
Our solution delivers speed and accuracy, handling data processes in seconds and freeing your team from tiresome data input. This not only saves time, allowing focus on vital tasks, but also significantly cuts business costs.
Our solution streamlines data parsing, analysis and management, quickly transforming unstructured data into actionable insights. This boosts productivity and accelerates decision-making, driving business growth.
Innovative features that set us apart from the rest.
Superior accuracy
Over 20+ fields extracted
Supports multiple file formats: PDF, JPG, PNG
Highly flexible and customisable
Supports over 56 languages
Upload and extract in bulk
Self-learning models improve over time
Seamless upstream and downstream integration
Case Studies
Learn how other businesses are using our parsing solutions.
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Accounts Payable: Acume improve AP and AR workflows with AI
