AI Automates Accounts Payable

by Mike Hunter

Digitech Systems’ new PaperVision Capture R87 software helps businesses simplify the process of converting to automated Accounts Payable (AP) processes. PaperVision Capture can virtually eliminate manual data entry of financial information, while digitizing AP process. A patented artificial-intelligence engine within PaperVision Capture can automatically recognize invoices, classify them by vendor, and extract all the data needed for a business to upload to its accounting application. Its three-way match electronically compares details from purchase orders, invoices, and goods received receipts — even if they’re housed in different applications. Additional features also enable automated workflow of invoices through approval processes and secure long-term storage of financial information either on-premises or in the cloud.

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