Fellow Consulting AG
where people work together
Invoice processing & digital transformation ⚙️
For a long time, companies and small businesses have relied on manual invoicing to maintain accounts and process payments.
Organizations suffered from dissatisfied and stressed employees, lost or misplaced invoices, reduced productivity, inefficient operations, increased cost and human error, and unreliability due to delayed or missed payments.
3️⃣ ways to use AI workflow automation 💪
There are many benefits that technology brings to the table in the modern business environment, and AI-driven tech and automation software are revolutionizing entire industries and enhancing operational efficiency.📈
Whether you are in the services industry or the manufacturing industry, managing invoices and keeping an eye on the payables is an important part of having successful relationships with suppliers.💪 Chances are, you’ve run into some issues while processing invoices. Don’t worry, you are not alone. Here are some main challenges of manual invoices processing: ❌ Mistakes […]
How key AP issues can be resolved by cognitive data capture 💫 Cognitive data capture uses deep neural networks to recognize patterns in a set of data and adapts to a changing input. Contrary to manual data entry or traditional OCR, it does not require a sizable workforce and the set-up of endless rules or templates. Here […]
In our previous post, we mentioned how 90% of invoicing is still done manually. However, companies are realizing that automation is a crucial tool to improve their AP processes. It can help reduce costs, decrease the number of lost or missing invoices, and address a variety of other ongoing issues of accounting departments. 🙌 Let’s […]
