Beyond manual data entry – How AI is giving accountants more time back
Manual AP workflows are outdated, inefficient, and error-prone. And although many companies want better for their teams, it’s not easy to know where to start. Couple this with the prevailing fear that AI (artificial intelligence) is poised to take accounting jobs (untrue, by the way), and it’s understandable that companies are reluctant to make significant change.
But AI is actually a friend ― not the enemy ― for many AP teams. In this blog, we’ll explore why you can embrace AI-powered solutions with confidence, enabling your team to spend more time strategically, and less time on manual data entry.
SmartCapture: Quadient’s AI-powered technology
86% of accounting teams still enter data manually. Not only does this take up a lot of time that could be better spent on more strategic tasks, it can also lead to a high rate of error and an increased risk of fraud, not to mention burnout and high-turnover within your AP team.
AI provides an enormous opportunity for AP teams willing to invest in the right solution. Quadient’s AI-powered AP automation solution is the key to modernizing your AP workflows. Quadient AP delivers the strategic advantage so many AP teams are in need of: the ability to save time, eliminate errors, and reduce the risk of fraud. And it’s all thanks to SmartCapture: our AI-powered data capture tool.
SmartCapture:
- Automatically picks up header information from invoices with 99% accuracy
- Reduces the time spent on data entry by more than 83%
- Delivers 9x faster invoice processing speeds
Quadient SmartCapture: a smart business decision
According to Deloitte’s State of AI in the Enterprise, 5th edition report, 94% of business leaders surveyed agree that AI is critical to success over the next five years. Are you ready to see what Quadient AP’s SmartCapture technology can do for your business?
