End March Madness with AI-Powered Document Processing
A Gartner Report in 2019 had predicted that by 2025, 50% of business-to-business invoices worldwide will be processed and paid without manual intervention. Cut to right now where market projections indicate that intelligent document processing is expected to exhibit a CAGR of 32.9% during 2023-2030. AI-powered document processing is the only way to keep up with changing times. This Byte let’s look at how you can upgrade your document processing methodology.?
The Secret to Intelligent Document Processing??
Every business document has a different pattern, layout, and terminology. Even documents from the same vendor may differ in format and structure. Intelligent document processing is a solution that works for any and all formats and structures. Take a look at our blog to learn more.?
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Building Blocks of AI-Powered Document Processing?
AI-powered document processing makes the information extraction process seamless and guarantees high accuracy. By Lleveraging AI technology like machine learning, companies can extract data from unstructured and semi-structured documents with high speed and accuracyprecision. Check out this infographic that explains how an automated tool can be used to achieve better results.?
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How Did Aclaimant Reduce Its Manual Data Entry Time by 50 %??
Risk reduction and incident management company, Aclaimant,? wanted to simplify the manual data entry of facts and figures in claim forms. After assessing various data extraction solutions in the market, Aclaimant chose Astera. With Astera, Aclaimant was able to extract data from claim forms into Excel and CSV reports using extraction templates to accelerate the process. Take a look at their success with Astera.??
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Sign up for Astera’s AI expert’s session on AI-Powered Document Processing?
Astera’s Ayesha Amjad provides consultancy to Fortune 500 companies and small to medium businesses on complex data use-cases, while also mentoring up-and-coming APMs. This upcoming Thursday, she will conduct a session on how one can switch to autopilot mode for their document processing needs by using automated solutions like Astera’s. Register now!?
As the first quarter wraps up, let’s take a moment to pat ourselves on the back for coming this far with our data management resolution. Let’s keep at it in the upcoming quarter, too!?
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Until the next Byte,??
Astera Team??