How has IDP worked out for early adopters in accounts payable departments
New research reveals how Artificial Intelligence and Machine Learning-powered Intelligent Document Processing (IDP) can significantly impact how organizations manage accounts payable workflows.
In this new report from Infrrd and Apps Run the World, a leading technology market research firm, you will learn from the experience of over 400 companies in the United States who have implemented IDP. This research covers many organizations that process over one million invoices per year and examines their growing adoption of IDP to capture and extract invoice data efficiently to achieve touchless AP automation.
The new research report contains valuable insights and concrete examples of how IDP impacted the surveyed companies' AP transformation journey.
We have consolidated the report in this detailed infographic that showcases the key findings of how IDP impacted companies in:
- Eliminating manual procedures
- Reducing processing time
- Better invoice validation, verification, and authorization
- Lower invoice processing costs
Fill out the form to the right to download the infographic.
FAQs
IDP (Intelligent Document Processing) enhances audit QC by automatically extracting and analyzing data from loan files and documents, ensuring accuracy, compliance, and quality. It streamlines the review process, reduces errors, and ensures that all documentation meets regulatory standards and company policies, making audits more efficient and reliable.
Yes, IDP uses advanced image processing techniques to enhance low-quality documents, improving data extraction accuracy even in challenging conditions.
IDP efficiently processes both structured and unstructured data, enabling businesses to extract relevant information from various document types seamlessly.
IDP combines advanced AI algorithms with OCR to enhance accuracy, allowing for better understanding of document context and complex layouts.
IDP platforms can seamlessly integrate with ERP, CRM, and other enterprise systems, ensuring smooth data flow across departments.
IDP leverages AI-driven validation techniques to ensure that extracted data is accurate, reducing human errors and improving overall data quality.
.webp)
