Skip to content

automation

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

Simplifying Accounts Payable: Tackling Unit of Measure Challenges in Distribution

At Spectrum, we’ve carved out particular niches in delivering complex accounts payable solutions. We’ve achieved significant success in vertical markets such as distribution, including the food and clothing sectors. One of the key complexities in these industries is managing Units of Measure (UOM). Orders are often raised with quantities and prices that differ from what… Read More »Simplifying Accounts Payable: Tackling Unit of Measure Challenges in Distribution

Optimising Invoice Data Extraction: Benchmarking ABBYY Vantage for Enhanced Touchless Processing

Recently, I’ve been bench testing our IDP tool of choice, ABBYY FlexiCapture/Vantage, against other competitor products. At Spectrum, we’re developing a cloud-native Accounts Payable Automation tool, and as the Product Owner, I wanted to ensure that we are using the optimal tool for extracting data from incoming invoices. Traditionally, we’ve used FlexiCapture, but with a… Read More »Optimising Invoice Data Extraction: Benchmarking ABBYY Vantage for Enhanced Touchless Processing

Enhancing Customer Experience: Streamlined Enquiry Handling

Additionally, it’s imperative to thread these captured emails together, enabling users to track the conversation and facilitating our ability to provide updates. I’ve gained some valuable insights into email headers and structure. The “Message ID,” a critical element found within email headers, plays a pivotal role in tracking and identifying emails. This unique string, generated… Read More »Enhancing Customer Experience: Streamlined Enquiry Handling

Sequel to AI-Powered Order Structuring: Advancing to JSON Transformation

Following my earlier post on leveraging generative AI to convert informal order instructions into structured JSON, I’ve been developing a proof of concept with our IDP tool, Abbyy FlexiCapture. I’ve transformed an order that arrived in the body of an email, with the text extracted during an FlexiCapture workflow: “Can I order: Same red willington… Read More »Sequel to AI-Powered Order Structuring: Advancing to JSON Transformation

Crafting Efficiency: Unveiling the Power of Assistive Matching in Accounts Payable Automation

Having spent considerable time overseeing accounts payable automation projects firsthand, I possess a detailed understanding of the hurdles associated with aligning invoice line data with corresponding order and receipt line data. Among our ongoing developmental tasks, remains improving our ‘Assistive Matching’ service. This service’s primary objective is employing innovative methods to match line data effectively.… Read More »Crafting Efficiency: Unveiling the Power of Assistive Matching in Accounts Payable Automation

Revolutionising Document Processing: Exploring Template-less IDP, Operator-Based Training, and Line Item Matching

In my latest YouTube recording, released at the end of last week, I addressed three primary topics: IDP tools should have evolved beyond the use of templates to recognise correct information on a page, and should now be moving towards AI, Machine Learning, and Entity Recognition. A templated-only approach implies the following: An efficient template-less… Read More »Revolutionising Document Processing: Exploring Template-less IDP, Operator-Based Training, and Line Item Matching

Self-Checkouts vs Staffed Lanes: Embracing Process Change in Supermarket Shopping

Process improvement is ubiquitous, but so too is the resistance to change. Love them or loathe them, self-checkouts are becoming a permanent fixture. Our local supermarket recently replaced another three staffed lanes with six conveyor-style self-service checkouts. This change not only caused confusion as the existing self-service checkouts became exclusive to card and basket usage,… Read More »Self-Checkouts vs Staffed Lanes: Embracing Process Change in Supermarket Shopping