Within the time frame of prediction, the market for intelligent document processing is projected to grow at a CAGR of 35.2% to reach around US$ 4.1 Billion by 2027. Introduction Manufacturing is essential in every sector of the economy. It is an industry that supplies completed goods to those in need…

Accounts payable (AP) is a necessary part of a manufacturing company. It lubricates the flow of inventory and makes sure the payments are transferred to the supplier in a timely manner. For a very long time these AP processes were handled within the manufacturing infrastructure either manually or by using…

What purchase order is to the buyers, sales order is to the sellers. It is an important piece of document that is utilized for carrying transactions between buyer & seller, and is collaterally recorded within the premises. Recording the sales order is normally not a huge problem for small vendors…

Automated Document Processing (IDP) is one of the most widely used technologies in the business, with a predicted 190 to 200 percent year-over-year increase in 2021. As a vital piece of technology, Intelligent Document Processing (IDP) helps organizations save time and effort by processing documents quickly and accurately. …

The sourcing process is an invaluable part of any manufacturing business. Manufacturers can use it to identify and evaluate vendors who can provide the best product at the best price possible. But efficient management of RFP (Request For Proposal) documents can be complex, especially in the case of manual processes. …

Billing record processing is an integral part of everyday operations for healthcare providers. They generate a significant amount of bills both from patients and internal operations. Many of these bills also contain sensitive information about patients and their health, which need careful handling. However, manual processes are resource-intensive and remain…

Automated invoice management solutions can be an excellent asset for businesses in the healthcare industry. For those unfamiliar, automated invoicing relies on software to make data entry and processing quicker than ever. The streamlined process ensures that invoices get created easily, making billing much more effective. If you’re curious about…

Manufacturing’s significance in ensuring the continuation of numerous sectors and protecting people’s health and safety was highlighted by the recent COVID-19 pandemic. More than that, it has shown how vulnerable global supply systems are to unexpected events. …

The growth of technology and the rise of automation has been tremendous across various business spheres. According to a study, 67% of businesses employ automation across systems to get improved process visibility. The healthcare industry and accounts payable function are no different. As one of the most document-heavy realms, there…