Our latest thinking on document processing: current state, automation best practices and more.
During a recent conversation with the CEO of a partner company, we talked about the thorny issue of environmental, social and governance reporting. I explained how AI can identify and collect relevant data from supply chain documents needed as input into ESG reporting tools and solutions.
The European Commission's recent initiative, the European Strategy for Data, represents a significant step towards creating a unified market for data within the EU.
SSOW Europe 2024 is the event for you and your team to enjoy exceptional learning and networking opportunities, regardless of how far along you are in your shared services journey or how mature your GBS organization is already. With events like SSOWomen Leadership Day, the GBS Certification Course, and Focus Days on HR Shared Services, Global Process Ownership (GPO), and AI & Generative AI, among others, SSOW provides you with the knowledge and resources you need to succeed in your company's operations.
As a financial professional you are already aware of the benefits of autonomous finance, especially when it comes to accounts payable (AP). You know autonomous finance can lead to increased efficiency, reduced operational costs by minimizing manual intervention, and improved accuracy in financial decision-making driven by advanced algorithms and artificial intelligence.
The Shared Services and Outsourcing Week (SSOW) ignites this year with a lineup that's more than just informative – it's electrifying.
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Uli Erxleben, Founder and CEO, Hypatos.ai. Our vision is to enable AI to run business operations, while humans make decisions.
The Shared Services and Outsourcing Week (SSOW) is undoubtedly one of the most anticipated weeks of the year for industry professionals. This is where the magic happens for those who strive to stay ahead in the dynamic landscape of shared services and outsourcing.
The world’s leaders recently met to address urgent global issues at the World Economic Forum in Davos-Klosters, Switzerland. The overarching theme was rebuilding trust.
SSOW 2024 is where innovation meets expertise, and the future of shared services and outsourcing unfolds before your eyes. As participants gear up for an enriching experience, let's explore what awaits attendees at this year's event and how they can maximize their journey through the world of SSOW.
Forbes Finance Council is an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms.
Are you ready to unlock the secrets to operational excellence, streamline processes, and revolutionize your business strategies? Look no further than the Shared Services and Outsourcing Week (SSOW), where industry leaders converge to share insights, innovations, and best practices. While there are countless reasons to attend SSOW, today, we're shining the spotlight on the crown jewel of the event: the SSOW 2024 Trailblazers and Leading Practitioners.
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Shared Services and Outsourcing Week (SSOW) stands as a pivotal event in the calendar of industry professionals seeking to stay ahead in the dynamic landscape of shared services and outsourcing.
In today’s rapidly evolving business environment, the finance function is undergoing a profound digital transformation, and the accounts payable process (AP) is no exception.
We are thrilled to announce a series of feature releases that are set to elevate your experience with our platform. These enhancements are designed to streamline your processes, boost efficiency, and provide you with even more control over your data. Let's dive into the latest updates:
In the contemporary landscape, the role of a CFO demands a heightened level of strategic acumen and forward-thinking, almost transforming them into the Chief Future Officer.
Start your journey to autonomous finance today. Register now for our webinar series where we will discuss how you can effectively transform your finance organization and share examples from customers who are reaping the benefits of working with Hypatos.
At Hypatos, we offer enterprise-ready AI agents for high document throughput and are aware of our responsibility. Protecting our customers is important to us, which is why we generally welcome the new regulations.
Berlin, Germany- Hypatos GmbH, the leading Document Hyperautomation company, today announced it has joined the Boomi Technology Partner Program and has contributed to the partner ecosystem by enabling autonomous back-office operations with next generation AI.
At Hypatos, we’re proud of the tech we’ve created. The AI that powers our solutions does much more than get us past the 85% accuracy ceiling of OCR; it’s made it possible for us to provide the highest data accuracy and fastest processing speed for our customers. But the smallest amount of errors are still errors, which is why we’ve entered into a strategic partnership with ScaleHub. With their Collective Intelligence solutions and crowdsourcing as a managed service, our fellow disruptors’s offering in the intelligent document processing (IDP) world perfectly complements ours—and together we offer unparalleled accuracy, speed and scalability. We asked Susanne Richter-Wills, ScaleHub’s VP of Partnerships EMEA, to explain more:
Celonis and Hypatos have joined forces to tackle the longstanding issue of duplicate invoice payments through the integration of AI technologies. The Celonis Duplicate Checker, now incorporated within Hypatos, serves as a powerful tool to prevent duplicate invoices from reaching the ERP system.
We are thrilled to share the exciting news about the extended partnership between Hypatos and cloudworx, integrating Hypatos' Document AI into the core of REEDR.
Hypatos has earned recognition as a 'Representative Vendor' in the 2023 Gartner "Market Guide for Accounts Payable Invoice Automation Solutions." This acknowledgment highlights Hypatos' expertise in the global financial automation and B2B Finance SaaS sectors, demonstrating its commitment to enhancing secure payment capabilities for large multinational enterprises.
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.
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.
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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?
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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?
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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...
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...
