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In accountspayable (AP) automation , an API plugs into different software programs, unlocks the data and turns on the communications between them so they can connect and share information and functionality. Valued at $194 billion in 2019, the market is projected to rise to $933 billion by 2027. between 2020 and 2027.
Intelligent Document Processing (IDP) refers to the automation of data extraction from unstructured documents. It eliminates the need for manual dataentry, reduces errors, and increases efficiency in document management. As we enter the sixth decade of the information age, data has become a currency of the business world.
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