Beyond OCR: Unlocking the Power of AI to Revolutionize Invoice Ingestion

According to Ardent Partners, an average enterprise receives 56% of its invoices manually. Manual and outdated PDF invoice ingestion processes often lead to complications—errors, inefficiencies, and data woes. The traditional OCR approach falls short in addressing these challenges compared to newer AI-driven ones, leaving finance professionals grappling with solutions regarding the processing time and data quality of their PDF invoices.

But it doesn’t have to be that way.

In this ebook, you’ll learn how modernized AI-based technologies such as Basware SmartPDF:

• Process up to 92% of invoices automatically with 100% data accuracy, minimizing errors and boosting operational efficiency.
• Streamline supplier onboarding. With a designated email address, suppliers easily send PDF invoices, reducing friction and enhancing collaboration.
• Integrate seamlessly with your existing systems, forging a path towards touchless invoice processing, and allowing you to overcome poor data.
• Rise above the limitations of outdated OCR technology.
• Take an innovative approach to optimize accuracy, reduce costs, and take your operations to the next level.