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Gartner estimates that 80% of data within an organization is contained in unstructured documents. Reading, extracting, and inputting unstructured data manually not only consumes a high proportion of the total work performed in Accounts Receivable (AR) and Accounts Payable (AP) operations, but also comprises most of the errors occurring in AR and AP processing. #intelligentdocumentprocessing #GenerativeAI #IntelligentAutomation #IDP #dataextraction #ar #ap #emagia #gia #giagpt #ai #generativeai #o2c #ordertocash Veena Gundavelli, Terry Jordan, Brian Shappell, CBF, Dexter Peavy, Chris Mann, Raghavendra Shankar, Qualikh S A https://lnkd.in/gqwbrxvW

Gartner estimates that 80% of data within an organization is contained in unstructured documents. Meanwhile, Forrester predicts the amount of unstructured data companies will have to handle will double within the next year. However, this advancement can exponentially improve the efficiency of Accounts Receivable (AR) and Accounts Payable (AP) processes. #ai #data #language #deeplearning #giadocs #chatgpt #nlp #naturallanguageprocessing #multilingual #documentmanagement #artificialintelligence #ar #accountpayable #accountreceivables Veena Gundavelli, Brian Shappell, CBF, Terry Jordan, Dexter Peavy, Raghavendra Shankar, Qualikh S A, Chris Mann https://lnkd.in/g3idqrHM

What is AI in Finance? Traditionally, financial processes, such as data entry, data collection, data verification, consolidation, and reporting, have depended heavily on manual effort. All of these manual activities tend to make the finance function costly, time-consuming, and slow to adapt. At the same time, many financial processes are consistent and well defined, making them ideal targets for automation with AI. Learn more about Oracle's approach to AI in Finance by following the link.. https://lnkd.in/drcZt7yk

Gartner estimates that 80% of data within an organization is contained in unstructured documents. Intelligent Document Processing (IDP) can significantly improve the efficiency of Accounts Receivable (AR) and Accounts Payable (AP) processes. #ai #data #language #deeplearning #giadocs #chatgpt #nlp #naturallanguageprocessing #multilingual #documentmanagement #artificialintelligence #ar #accountpayable #accountreceivables Veena Gundavelli, Terry Jordan, Dexter Peavy, Brian Shappell, CBF https://lnkd.in/g3idqrHM

Gartner estimates that 80% of data within an organization is contained in unstructured documents. And Intelligent Document Processing (IDP) can significantly improve the efficiency of Accounts Receivable (AR) and Accounts Payable (AP) processes. #ai #data #language #deeplearning #giadocs #chatgpt #nlp #naturallanguageprocessing #multilingual #documentmanagement #artificialintelligence #ar #accountpayable #accountreceivables Veena Gundavelli, Dexter Peavy, Terry Jordan, Brian Shappell, CBF https://lnkd.in/g3idqrHM

Gartner estimates that 80% of data within an organization is contained in unstructured documents. Reading, extracting, and inputting unstructured data not only consumes a high proportion of the total work performed in Accounts Receivable (AR) and Accounts Payable (AP) operations but also accounts for most of the errors occurring in AR and AP processing. #ai #data #language #deeplearning #giadocs #chatgpt #nlp #naturallanguageprocessing #multilingual #documentmanagement #ar #ap #generativeai #giagpt #financetransformation #emagia https://lnkd.in/g3idqrHM

In recent discussions, we've addressed some key current challenges that the financial industry faces, today we bring a specific and very important one: Automation and Artificial Intelligence (AI) in finance! Artificial intelligence (AI) is a work in progress that accountants are watching very carefully as a potential tool for shifting their workloads and gaining efficiency. Did you know its' been a developing situation that has come a long way since 2020? Back then, only 2% of large firms had implemented machine learning or AI. Nowadays, AI implementations are tested to address labor shortages, automate labor-intensive tasks and deliver more insightful data! As more transactional work becomes automated, accountants will NEED to develop different skills to apply their expertise to information and data generated from new technology and play a role in more of the business strategy. Cloud-based accounting software, budgeting, forecasting, data analytics and visualization tools are building some of the foundations for automation in accounting. Proudly, we are committed to leverage AI and automation to streamline accounting processes. While some firms may hesitate, we embrace technology as a growth opportunity. Curious about how we've integrated AI and automation into our practices, and how you can do so too? Visit our website indagia.com and follow us, to discover solutions so you can navigate the future of your business with confidence! #financialindustry #challenges #automation #ArtificialIntelligence #AI #accountants #efficiency #machinelearning #laborshortages #transactionalwork #skills #expertise #technology #Cloud #accountingsoftware #budgeting #forecasting #dataanalytics #visualizationtools #accountingprocesses #growth #opportunity #integration #bestpractices #solutions #future #business #indagia

Gartner estimates that 80% of data within an organization is contained in unstructured documents. And intelligent document processing (IDP) can significantly improve the efficiency of Accounts Receivable (AR) and Accounts Payable (AP) processes. #ai #data #language #deeplearning #giadocs #chatgpt #nlp #naturallanguageprocessing #multilingual #documentmanagement #artificialintelligence #ar #accountpayable #accountreceivables https://lnkd.in/g3idqrHM

Account Payable Automation Our solution leverages cutting-edge technologies like AI, machine learning, and OCR to automate the tedious processes of managing and paying invoices. Say goodbye to manual, error-prone, and time-consuming tasks, and hello to increased efficiency and reduced operational costs.   How It Works:   GATE Invoices are received, validated, and prepared for further processing using OCR technology. UNLOAD Enter and validate invoice quantities for accurate tracking. STORE Manage various invoice types and create GRNs with precise amount validation, integrated in real-time with JD Edwards. MATCHING QUANTITY Ensure accurate matching of invoice quantities with purchase orders or delivery receipts. FINANCE Create and manage supplier vouchers with an integrated approval workflow and audit trail, also integrated with JD Edwards. VOUCHER Confirm payment vouchers with detailed information and robust search options.   For more options, visit our website :- https://lnkd.in/g9Qdz-XJ   #AccountsPayableAutomation #AIinFinance #OCRTechnology #InvoiceManagement #BusinessEfficiency #JDEdwardsIntegration #FinanceAutomation #CostSavings #DigitalTransformation #InvoiceProcessing Ved Prakash Sharma, Ashish Yadav, Amit Kumar, Bhushan S., Jatin Dhiman, Sweeti Sagar, Tanaya Kand, Karan Gupta, Harshita jhiriwal, Neeraj Bisht, Nitish Kumar, HRITIK CHAUHAN, Vishal Sutar, Vikas Sharma

Accounts Payable Automation Our solution leverages cutting-edge technologies like AI, machine learning, and OCR to automate the tedious process of managing and paying invoices. Say goodbye to manual, error-prone, and time-consuming tasks, and hello to increased efficiency and reduced operational costs.   Key Features:   MULTIPLE BUCKETS Easily track invoices through various stages such as Gate, Unload, Store, Quantity Matching, Finance, and Voucher.   GATE ENTRIES COUNT Get an instant overview of your workload and efficiently allocate resources.   CIRCULAR & ERROR GRAPHS Visualize the status of your invoices and quickly identify errors for prompt resolution.   ADVANCED FILTERS Customize your dashboard view based on status, date range, vendor, and more for detailed analysis.   JD EDWARDS INTEGRATION Seamlessly connect with JD Edwards to enhance data accuracy and streamline your financial processes.   For more options, visit our website :- https://lnkd.in/g9Qdz-XJ   #AccountsPayableAutomation #AIinFinance #InvoiceManagement #OCRTechnology #JDEdwardsIntegration #FinancialEfficiency #ErrorReduction #BusinessAutomation #DigitalTransformation Ved Prakash Sharma, Amit Kumar, Jatin Dhiman, sudhir kumar, Ashish Yadav, Nitish Kumar, Neeraj Bisht, HRITIK CHAUHAN, Ronak Rana, Niroj Kumar Meher, Vishal Sutar, Charu Tomar, Vaishnavi Gaur