Automated Business Document Processing: Practical Examples
- Invoice Approval Workflow: By implementing Business Process Automation (BPA), organizations can significantly improve process compliance and efficiency. This entails managing task assignments, collecting approvals, sending approval notifications, and following up with reminders.
- OCR Text Extraction: Integrating workflow with Optical Character Recognition (OCR) tools allows for the automation of text extraction from documents. Subsequently, the finance department can proceed to validate and ensure the accuracy of the extracted information.
- Automated Document Handling: Robotic Process Automation (RPA) can further enhance invoice processing by automating document handling tasks. This includes uploading invoices, categorizing them, and initiating the workflow. By automating these manual processes, organizations can achieve even greater efficiency and accuracy in their invoice processing workflows.
These automation efforts result in faster payments, error reduction, and a more streamlined finance department.
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