My whitepaper, ‘AP Automation Strategy Whitepaper Richard Fishburn’, is now in its 1.4 version. I’ve included a full copy here. Version Date Description Version 1.0 23/01/2025 Stockists & Distributors, Food Supply, Construction & Import / Export: Purchasing, Delivery, Goods In, and Invoicing Version 1.1 27/02/2025 Adds Education, Requisition, Self Billing, Payment Terms and expands various… Read More »AP Automation Strategy Whitepaper: Version 1.4
FineReader has been around for some time, originally developed with a focus on Optical Character Recognition (OCR) for scanned documents but now includes DocLang exports and containerisation support. In my previous blog post I introduced the concept of DocLang, an open specification for how documents are represented in a machine-readable format optimised for AI consumption.… Read More »ABBYY FineReader: the tool of choice for generating DocLang compliant output at scale.
Document processing traditionally relied upon OCR, templates and machine learning to get the job done. Whether your document was a structured layout such as a form or a semi-structured layout such as an invoice, intelligent document processing used 20-year-old tech to recognise and extract the required meaning and data. With the rise of generative AI… Read More »DocLang: an open specification for how documents are represented in a machine-readable format optimised for AI consumption.
One of the biggest mistakes I see customers making is not recognising that most automation projects are, in reality, process improvement projects. This can result in: The knock on effects are significant: A Real World Example A recent example of this involved an existing customer. They raised purchase orders against Supplier A, who then passed… Read More »Is automation the answer: Why process improvement must come first
Non PO based invoices often fall into the category of contractual, regular spend monthly invoices. Their value may fluctuate slightly, such as with utility and phone bills, but they arrive consistently and follow a similar spend profile. As they don’t have POs or receipts, we can’t be sure the invoice was intended or the service… Read More »How do you automate non PO spend: Pattern analysis beats AI for consistency
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