Topic: Finance & Accounting
AI-Powered Document Processing Is Changing Accounts Payable—Here's How
ABBYY thought leader Maxime Vermeir joins Zone & Co. on the Finance in the Clouds podcast. Check out their discussion on how artificial intelligence (AI), machine learning, intelligent document processing (IDP), and optical character recognition (OCR) work together to automate your invoice processing.
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.
Energy Company Ameren Transforms Finance and Accounting with ABBYY Intelligent Automation Solutions
Ameren, a US-based energy company set out to transform its Finance organization as way to streamline operations and give back hours to its employees. To date, Ameren's Center of Automation has provided more than 50,000 hours of savings to business partners through process automation.
Do You Need Process Intelligence for Successful Digital Transformation Outcomes?
While 80% of the companies surveyed by McKinsey consider digital transformation a top corporate priority, nearly 70% fail to meet expectations. ABBYY Process Intelligence is designed to help organizations discover and measure how current processes work, identify process bottlenecks, and surface areas for process optimization based on four foundational pillars.
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 or 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?
Mobile-driven expense management as an accelerator for finance process automation
Automation is fast becoming a buzzword especially among knowledge workers who strive to minimize the need for manual labor in the accounts payable departments. It is easy to see why. Whether in large companies or in small companies and startups, expenses are an annoyance for both employers and employees. Today, up to 46 percent of businesses still depend on manual tools to manage expenses, according to T&E firm Certify.