When it comes to Artificial Intelligence and RPA, the industry is moving faster than ever, with new, smarter software coming to market with increasing frequency. At Kofax, our development teams have been working overtime to incorporate things like machine learning and natural language processing into our products to narrow the gap between what companies consider RPA today, and where AI can take us in the future. The release of Kofax RPA 10.4 brought three specific capabilities to the forefront that are just the start of where we’re headed with intelligent automation.
Welcome to part three of our six-part series that will take readers on a journey through the latest concepts in multichannel document capture and intelligent OCR, with an emphasis on how AI has transformed what’s possible in making your documents and data work for you – and not against you.
In part three of our series, we are doing a deeper dive into what you should look for in a CDA solution. (Hint: You’ll need much more than just OCR functionality)
It’s widely accepted that removing paper-based processes from accounts payable is a best practice. So why is it that paper still continues to dominate in many organizations? According to Billentis Market Report for eInvoicing, 70% of all invoice processing globally is still paper-based.
Recently, the U.S. Department of Justice (DOJ) released the 400+ page Mueller Report (140MB PDF document). If you are interested in the workings of the U.S. government, you may have downloaded it, expecting to be able to educate yourself. Unfortunately, your attempts at searching for specific topics with the trusty Control-F key sequence ended in utter frustration. You may have just given up and looked for a summary write up, but others may not have that luxury.
“A chain is only as strong as its weakest link” is a common term heard around IT security talk, but the unpleasant truth is weak links in the security chain are frequently overlooked. Until they are exploited. Credit card skimmers on ATMs and gas pumps are so successful because they appear to have no user vulnerability, and so commonplace they are potential risks are ignored.
Organizations stand to gain in numerous ways from applying RPA and intelligent automation to repetitive, manual tasks. These technologies eliminate errors, cut processing times by half, deliver 100% accuracy, and increase capacity by as much as 50%. Perhaps even more importantly, automation relieves employees of tedious tasks and enables them to focus on value-added activities that require a human touch.