Simplifying AP Processes with Artificial Intelligence
Square 9 Softworks, an award-winning developer of solutions for simplifying document-related tasks, has recently announced that its new, AI-assisted capture solution, TransformAI, now supports line item data extraction.
Designed for accounts payable documents, TransformAI will use the captured data in tangent with other applications to help organizations who manage their payables at a much more detailed level This is especially relevant for organizations who manage and track inventory or perform line item general ledger coding and matching with purchase orders or delivery receipts.
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“Removing the need for templates significantly reduces the cost of implementing capture solutions for invoices. Now, with support for line item data, customers who need more detailed information can extract those line items individually and process them separately.”
It’s been about 3 months since TransFormAI first launched in late January, and the solution has already been making waves in Square 9’s user community. With a tested capture accuracy of 99.3% and eliminating templates from the solution cost, new and existing Square 9 customers have quickly recognized the solution’s value. By accurately extracting information at this level, businesses can confidently replace manual data entry by sharing this information with their financial and Enterprise Resource Planning solutions.
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“Removing the need for templates significantly reduces the cost of implementing capture solutions for invoices. When adding a new vendor, it’s no longer necessary to create a new template as that process has been eliminated,” says Stephen Young, Prescient and CEO of Square 9. “Now, with support for line item data, customers who need more detailed information can extract those line items individually and process them separately.”
With a growing library of solutions and regular improvements to its current line, Square 9 continues to live up to its commitment to providing innovative solutions.