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This technology simplifies bulk purchasing by integrating with an organisation’s procurement software. Instead of manually transferring Amazon shopping carts into a purchaseorder or request, Punch-in automatically sends the cart for approval within the organisation’s budgetary framework.
It not only increases the risk of dataentry errors but also hampers productivity and limits the ability to leverage data for strategic insights. With the advancements in technology, automated solutions using Intelligent Document Processing (IDP) and AI have emerged, revolutionizing the way financial data is extracted.
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.
billion in 2027, marking a 25% rise compared to 2020. Utilize cutting-edge technology solutions Use automated data management systems, including automated dataentry and processing, to avoid inadvertent errors and deliberate alterations to financial data. Payment fraud has tripled from $9.84 billion in 2011 to $32.39
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