Accounts Payable Archives • Parashift IDP Software

Intelligent Document Processing (IDP) for invoices: Q&A

As part of the accounts payable department, invoice processing plays a central role in your organization. In 2023, it will be more critical than ever to quickly gain the correct insights and automate this process. An effective method for invoice...

January 17, 2023

Accounting & Business Services

Take your Accounts Payable to the next level with Intelligent Document Processing

For decision-makers, it is undisputed that Accounts Payable (AP) is a crucial factor in the company. However, this business area still struggles with major hurdles in 2022: manual capture of invoice data, slow payment approvals, a high percentage of exceptions, too much...

November 1, 2022

Accounting & Business Services

Stop wasting money on manual invoice processing – automate with AI OCR

Bills processing is a key component of accounts payable and invoice workflow in any organization. Yet manual processes hinder employees from quickly capturing statements data and accurately processing invoices. According to a study by research firm Ardent Partners, the biggest challenge facing...

October 11, 2022

Accounting & Business Services

The first OCR solution without the need for post-processing

Collaborations abound. Don’t want to listen to Miley Cyrus while driving in a cab? Then simply order an Uber and enjoy your own Spotify playlist in the back. Or guaranteed to stand out on your next stroll through town? A...

February 23, 2021

Accounting & Business Services

P2P transformation with process mining and automated data collection

Bill Gates is still pretty much spot on today with his statement that the first rule for any technology used in a company is that the automation of an efficient process increases efficiency and the second that the automation of...

December 31, 2020

Accounting & Business Services

Automatic incoming invoice processing as a critical success factor

The processing of incoming invoices in a company is, in principle, associated with a relatively large amount of work and thus high costs. Especially if the company has a majority of analog incoming invoices and performs invoice verification and processing...

November 5, 2020

Accounting & Business Services

The advantages of fully validated position data in accounting

Modern OCR solutions are becoming increasingly relevant and popular. Consequently, the estimated annual growth rate of this market is correspondingly high. Specifically, approximately 10% per year. The question now arises as to why this industry is estimated to be experiencing such...

September 29, 2020

Accounting & Business Services

The costs of manual and software-supported invoice extraction part 3

This article is the last in our mini-series on the costs of manual and software-based invoice extraction. But first a short recap. In the first article, we looked at the different cost positions that are usually relevant for manual invoice extraction. Often...

September 24, 2020

Accounting & Business Services

The costs of manual and software-supported invoice extraction Part 2

This blog post follows on from the last article, where we looked at the various cost positions that are usually incurred in manual invoice processing. We will now calculate these costs for the sample company Musterfirma AG. Note: Like the company,...

September 22, 2020

Accounting & Business Services

The costs of manual and software-supported invoice extraction Part 1

Many companies still process incoming invoices manually. According to rough estimates, this is a proud 90% of companies. This despite the fact that even with a relatively small number of invoices, the required effort quickly becomes expensive and, with increasing volume,...

September 17, 2020

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Tag: Accounts Payable

Intelligent Document Processing (IDP) for invoices: Q&A

Take your Accounts Payable to the next level with Intelligent Document Processing

Stop wasting money on manual invoice processing – automate with AI OCR

The first OCR solution without the need for post-processing

P2P transformation with process mining and automated data collection

Automatic incoming invoice processing as a critical success factor

The advantages of fully validated position data in accounting

The costs of manual and software-supported invoice extraction part 3

The costs of manual and software-supported invoice extraction Part 2

The costs of manual and software-supported invoice extraction Part 1

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Tag: Accounts Payable

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