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Intelligent "Paper to Digital" Data Conversion

A large manufacturing unit served by numerous vendors was often being rebuked by management due to delays in invoice processing. An internal review highlighted two reasons: High volume of invoices received, and the time taken to transcribe invoice data into the ERP System. As the invoices received were in multiple languages, they had to hire new resources or opt for outsourcing. The overall situation demotivated the employees and strained their relationships with the vendors.

Process

  • All scanned PDF invoices are periodically stored on a network drive.
  • A robot constantly checks the drive for new files for processing.
  • As soon as a new invoice is available, it is read, and the content is passed to V2's proprietary intelligent document processing solution for parsing.
  • The engine can read invoices in multiple languages and returns the meaningful data in paired values.
  • Once the PDF invoice data is in structured format, Robot then logs in to the ERP system to post the invoice data.
  • Invoices that cannot be processed by a robot are kept separate for manual entry and are used to train the engine further.

Making use of RPA in Invoice Processing for high-volume and reliable Invoice data. Download Download

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