Topic: Accounts Payable
ABBYY’s Most Read Articles of 2021 Highlight the Power of Intelligent Process Automation
As we march full steam ahead into 2022, we couldn’t help but reflect on how intelligent process automation technology enabled companies to pivot, grow, and focus on their digital transformation journeys. From big product announcements to thought provoking pieces, we had several great articles that unlocked tips and insight to help organizations accelerate their business growth.
Essential Skills Needed to Make Procure-to-Pay a Reality
Procure-to-Pay (P2P) has become the Holy Grail of Accounts Payable (AP) automation, whose ultimate value is in delivering the AP department from a cost center to a strategic source of cashflow and profits. Only by gaining visibility and control over the content of your Supply Chain operations (from ordering to shipping, receiving, and ultimately payment) can P2P be achievable.
Developing Smarter Processes Opens Door to Cognitive Skills
In today’s world, enterprise organizations increasingly rely on digital automation to deliver the greatest level of efficiency and customer experience. Robotic process automation (RPA) has created a new class of digital workers to replace or augment many office employees’ jobs, resulting in increased efficiency, scale, and speed at which work can be done.
How Fender Increased Employee Productivity by Automating Accounts Payable
Using ABBYY's AI-based tools to extract PDFs, capture data from a variety of formats and languages, and extract a diverse range of ﬁelds, Fender automated their entire invoicing process - increasing employees’ productivity and making invoice processing time 81% faster.
Shifting from short term continuity to long term transformation in Accounts Payable
Your accounts payable department made it through the initial fire drill stage of the crisis and has now stabilized, but you and other leaders have come to terms with the lack of agility in your AP processes and prioritized a process automation project. If this scenario sounds familiar, you are not alone.
Why We Get Noticed in a Noisy Marketplace
FeaturedCustomers, the leading platform helping B2B buyers make informed software and services purchasing decisions, announced its 2019 Customer Success Awards, and we are excited to share that ABBYY was recognized as Market Leader in the Winter 2019 Accounts Payable Software category!
How AI helps organizations meet their digital transformation goals
Having recently re-watched the “Iron Man” movie franchise, I was fascinated again with J.A.R.V.I.S., Tony Stark’s artificially intelligent computer. Imagine the vast amounts of information J.A.R.V.I.S. needs access to in order to fulfill a request or anticipate a need! What if this artificial intelligence technology was deployed within the enterprise today?
Transforming Accounts Payable with Artificial Intelligence
More than 20 million Amazon Alexa-powered devices were sold in 2017, and Google sold a Google Home device every second since the Mini started shipping in October, making voice-activated artificial intelligence more mainstream than ever before. The weather, a friendly joke or random trivia are easy for Alexa and Google to retrieve; and when stumped, the statement, “I can’t help you with that, but I’m always learning,” reassures us that...
Intelligent Capture will transform how service industry operates
Data capture from paper of electronic documents is an essential step for many business processes, and often is the initiator for customer-facing business processes. Capture has traditionally required human effort – data entry workers transcribing Information from paper documents, or copying and pasting text from electronic documents – to expose information for downstream processing.
Understanding the intrinsic value of documents
We have all done it. Spent ages looking for that one document, with the name of that guy from the company with a funny name. Was it an email, a PowerPoint presentation or a PDF? Why do we search for documents in the first place? Usually it is to discover what information resides inside the document. But if we already have the document, shouldn’t we already know what it contains?