Deloitte and UiPath, the enterprise Robotic Process Automation (RPA) software company, announced they are working together to deliver Deloitte Intelligent Document Processing (DIDP).
Read More: Looking for the Perfect SalesTech Stack?
Today #RPA leader @UiPath and @Deloitte announced they are working together to deliver Deloitte Intelligent Document Processing, driving real transformational outcomes for customers
DIDP is an on-premise or cloud-based automation accelerator, delivering a capability which captures documents before extracting, classifying, and verifying their data for processing. The integrated technology includes Optical Character Recognition (OCR), Human-in-the-Loop (HITL), Machine Learning (ML), and the UiPath RPA. The power of DIDP is its ability to handle multiple document types by processing any type of structured or semi-structured document, ranging from invoices to contracts.
Read More: Dismantling the Digital Fortress: E-Commerce Design Must Start with Humans, Not Tech and Templates
“Automation is driving digital transformation across a range of industries and organisations, however there are still a number of simple tasks that are not yet easily digitised,” said David Wright, partner at Deloitte. “Using Deloitte Intelligent Document Processing, our clients can reduce document processing time significantly, boosting productivity and allowing teams to focus on more business-critical tasks. As a result, complicated risk processes that currently rely on data in unstructured documents and time-consuming analysis can be improved, such as in financial spreading, financial prospecting, tax returns, bank statements, contracts, and more.”
Invoice processing has always been highly manual for global logistics company DHL Supply Chain (DHL SC), involving dozens of people processing hundreds of thousands of invoices on an annual basis. Now with DIDP, the company is automatically processing thousands of invoices from 124 different vendors and has increased capacity by more than 30 percent for invoice processing.
“The Deloitte Intelligent Document Processing solution captures invoices using UiPath. It then extracts, classifies and validates invoice data using machine learning for ongoing training of invoices,” said Ekkehart von Roda, finance digitalization lead at DHL Supply Chain. “If there is data that cannot be matched, this goes for verification by a member of the team but the points that need to be checked are clearly highlighted, so it takes minimal effort. The invoice is then processed in the ERP system using UiPath. Through using the DIDP the number of errors when processing invoices has been reduced, and we’ve also seen a significant increase in productivity.”
Read More: The Killer App In Digital Transformation Is ‘People’