Invoice processing is critical to the Accounts Payable (AP) department of any business operation. Still, many businesses are stuck with traditional, slow, and inefficient invoice management solutions. If you look at AP processing today, there are a lot of companies processing their invoices manually within their accounting team or with the help of a legacy OCR engine with not-so-good results.
Today, when the world is offering AI-based solutions with advanced capabilities of machine learning and deep learning, what is limiting businesses from evolving? What are the pros and cons of manual processing? What are the first steps toward invoice process automation or Intelligent Invoice Processing? Let us try to find answers to some of these questions.
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