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Paperless Accounts Payable Best Practices

Zycus Cognitive Procurement

However, even with partial automation in place, such as with OCR tools, a majority of the processing requires human intervention. The limitations of OCR tools Optical character recognition (OCR) is a legacy software tool used for the digitization of paper-based information assets.

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Gaining Actionable Insights with Zycus Accounts Payable (AP) ROI Calculator

Zycus Cognitive Procurement

What is accounts payable automation? The Evolving stage is where invoice capture is through OCR engines. The Evolving stage is where invoice capture is through OCR engines. Data is extracted using OCR engines and fed to an ERP system. The Nascent stage is where all invoices are received and stored in the form of papers.

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The Month-End Close Process: Everything You Need to Know

Procurify

What is a month-end close? Written by: Delaney Rombough. Working in a remote or hybrid environment has become the new normal for many mission-driven organizations. For most finance people, that’s easier said than done. Spring is the busiest season for most accounting and finance professionals. Why is the month-end close important?

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How Did the Digital Supply Chain Evolve?

Supply Chain Game Changer

What a digitized supply chain entails, though, changed over the years due to the evolution of technologies and how people use them. Automated systems also exist that utilize optical character recognition (OCR) to look for keywords within electronic documents and handle them according to predefined rules.

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UNLOCK THE VALUE OF DIGITAL TRANSFORMATION BY ADOPTING E-INVOICING

Zycus Cognitive Procurement

In addition, mature organizations are trying to achieve E-invoicing along with OCR(Optical Character Recognition). The post UNLOCK THE VALUE OF DIGITAL TRANSFORMATION BY ADOPTING E-INVOICING appeared first on Zycus Procurement Blog. E-invoicing has now become an imperative for most organizations across Europe.