Our latest thinking on document processing: current state, automation best practices and more.
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.
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.
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?
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?
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...
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?
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...
Our APIs and Hypatos Studio automate end-to-end document processing with customizable components.See our products