Blog

Our latest thinking on document processing: current state, automation best practices and more.

Accountinggpt

6 things to know to make the best out of generative AI for Finance and Accounting

Don’t worry if you missed our AccountingGPT webinar in June because we took the time to break it down to its key insights and included some of questions viewers posted live. If you are a financial-, accounting- or a shared service center leader and are anxious to find the most seamless way to leverage the latest in AI and turn your operations into a truly no-touch workflow - keep reading! Here are the 6 things to consider for a successful APAI work frame.

AI

AccountingGPT revolutionizing AP automation with next-gen AI

Processing financial documents is a crucial aspect of an organization's back office operations. This typically entails sorting through documents, manually inputting data, and conducting accounting tasks, as well as managing payment approvals. However, this manual process can be time-consuming, error-prone, and inefficient. As a result, many companies have turned to rule-based automation solutions like OCR and workflow automation, but the results have been mixed.

AI

Press Release: Hypatos Unveils AccountingGPT to Revolutionize Finance Operations

Berlin, Germany - Hypatos, a leading provider of next-generation AI for finance, has announced the launch of AccountingGPT which automates accounts payable processing from data capturing to posting with transformative results.

OCR

Best OCR in 2019: In-depth data extraction benchmark

What is the difference between data extraction and OCR? How can we determine the best data extraction solution? What is the most accurate data extraction solution? Are there other criteria that could affect a companies’ procurement decision? What are the areas where data extraction solutions fail?

Data Extraction

Data extraction: First step to automated document processing

What is data extraction? Why is data extraction important now? What are the alternatives to automated data extraction? What is the performance of data extraction solutions? How can you automate data extraction at your company?

OCR

Get beyond free OCR with Hypatos Community Edition

What is data extraction and why is it better than OCR? How can Hypatos Community Edition help developers? How can developers use the Community Edition? Hypatos Community Edition is the first and only free data extraction tool. Community Edition extracts the most used named entities...

AI

Document AI: Combining NLP & machine vision for top results

How were documents processed before the advance of modern AI? What are modern AI approaches for document processing? What is Hypatos’ approach of using AI in document processing?

OCR, RPA

OCR & RPA: In-depth guide to data extraction with RPA

A survey of public RPA case studies revealed that more than half of all processes automated with RPA involve documents. Augmenting your RPA tool with specialized, deep learning based data extraction tools reduces development effort, enabling faster delivery and increases automation level...

OCR

Under the Hood: Visualizing a Convolutional Neural Network

Artificial Neural Networks (ANNs) are like black boxes. At Hypatos, we use them to extract machine readable information from documents to make back-office tasks more efficient...

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