Overwhelmed, by a growing pile of paperwork businesses are finding it difficult to manage tasks such as invoicing customers tracking payments and organizing data and documents. This inefficiency hinders their ability to scale. However emerging AI solutions offer a way to finally overcome this challenge.

Intelligent process automation enables the handling of tasks with the same proficiency as skilled professionals. Lets explore some applications where AI is revolutionizing paperwork management;

Automated Invoicing and Payments

Platforms like Hiveage utilize optical character recognition and machine learning algorithms to extract details from purchase orders, inventory data and CRM systems. This AI technology swiftly generates invoices and securely processes payments in over 160 currencies without any manual intervention. No more chasing clients for payments.

Structured Data Extraction

Managing enterprise data can be just as arduous. Machine vision AI tools like Kili Technology automatically classify documents such as contracts and forms to extract structured data. With the help of natural language processing these tools also uncover insights like customer needs or emerging trends. This constant digitization and analysis reveal growth opportunities.