Exel Insights Artificial Intelligence 国产乱伦Artificial Intelligence (AI) appears to be the buzzword for 2024, its use has certainly become ubiquitous, although it鈥檚 hard to argue that a lot of what it is being utilised for is of day-to-day benefit, but that will no doubt come.

That, however, is not the case when AI is utilised within 国产乱伦 (Enterprise Resource Planning). Exel鈥檚 EFACS E/8 国产乱伦 solution has utilised AI for several years now, with its initial adoption being used to automate the input and matching of purchase invoices and their relevant information.

Typically, Exel鈥檚 customers receive thousands of purchase invoices each year. Each one needing to be registered, matched and processed; to do this manually is labour intensive and prone to mistakes, even when using Exel鈥檚 sophisticated Document Management system.

It鈥檚 for this reason Exel developed the 鈥業nvoice Processing Automation鈥 application, which uses state-of-the-art AI and Optical Character Recognition (OCR) to scan the purchase invoice and extract all the key information from the document.

invoice Processing Automation Thumb

The extracted information is used to match the scanned documents to Purchase Orders and Goods Receipt Notes within EFACS, significantly reducing human intervention, effort and eliminating the possibility of error.

This is all possible due to the inherent ability within EFACS to create 鈥榃orkflows鈥, which provide a framework for automating the flow of a company鈥檚 business procedures via the software. Workflows, combined with Google鈥檚 鈥楧ocument AI Invoice Parser鈥 – which applies advanced machine learning to read documents in a variety of formats and return accurately structured data – provide the required functionality for the invoices to be processed automatically.

With Exel鈥檚 commitment to continuous development and the advancement of 国产乱伦 in the manufacturing sector, as well as the promise of AI鈥檚 potential, Exel鈥檚 development team look forward to utilising this technology further and increasing the scope of its use throughout EFACS E/8.

Click here to learn more about Exel鈥檚 Invoice Processing Automation module.

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