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How Much Autonomy Should AI Have in Finance: Balancing Invoice Terms, Document AI and Cashflow

During my recent seminars at financeSHOWCASE, I’ve been asking the audience a simple yes-or-no question: “Would you trust AI to adjust a payment run if it found better terms or early settlement discounts on an invoice?” I’ve been tracking the responses in a Google Sheet, and the results have been interesting. My aim in asking… Read More »How Much Autonomy Should AI Have in Finance: Balancing Invoice Terms, Document AI and Cashflow

Process AI meets Document AI : New Abbyy Marketplace Asset

With all the hype around generative AI, it can sometimes be difficult to separate genuine value from noise. On LinkedIn I often see frustration expressed in comments like “GenAI can’t do maths”, “GenAI doesn’t understand this anatomy image”, or “GenAI is just a prediction engine”. These criticisms are not without merit, but they also miss… Read More »Process AI meets Document AI : New Abbyy Marketplace Asset

AI in Intelligent Document Processing: How Transformers and Deep Learning Power ABBYY’s IDP Tools

I’ve recently been working to improve my understanding of how Intelligent Document Processing (IDP) leverages different types of AI to extract data from documents. We’ve been using ABBYY FlexiCapture for many years and are now transitioning our solutions to ABBYY Vantage. With all the recent discussion around AI in IDP tools, I thought it best… Read More »AI in Intelligent Document Processing: How Transformers and Deep Learning Power ABBYY’s IDP Tools

AI and Nominal Coding: Smarter, Faster, More Accurate Invoice Processing

Nominal Coding Whilst PO-based invoices typically derive their nominal or GL coding from the ordered items, overhead or expense-based invoices without a PO may require additional coding steps. Traditionally managed manually by the Finance team, there are now several more automated approaches available: AI Nominal Coding The success of AI-driven options largely depends on the… Read More »AI and Nominal Coding: Smarter, Faster, More Accurate Invoice Processing

Enhancing OpenAI API Efficiency: Leveraging System Messages and Temperature Settings for Improved JSON Output

Further to my post, ‘Sequel to AI-Powered Order Structuring: Advancing to JSON Transformation’, I have been enhancing our capabilities and learning more about the OpenAI API. Recently, I have started incorporating two additional settings in my API calls: Here’s an example: var requestBody = new{  model = “gpt-3.5-turbo”,  messages = new[]  {    new   … Read More »Enhancing OpenAI API Efficiency: Leveraging System Messages and Temperature Settings for Improved JSON Output