GO PAPERLESS AND MANAGE YOUR TRANSACTIONS WITH BOLDPARSER
Cut down costs, save time and minimize human error with AI Invoice Automation.
BOLDParser allows businesses to automate their incoming invoices through an intelligent solution that extracts the fields from the documents and creates the corresponding transactions in the ERP system accordingly.
BOLDParser reduces manual intervention in invoice processing, thus reducing the likelihood of human error. This seamless processing of invoices ensures improved operational efficiency. BOLDParser is built using Artificial Intelligence which enables the model to be trained on non-compliant formats.
BOLDParser can be integrated with any line of business application and ERP systems such as Dynamics 365, SAP, Salesforce and Oracle NetSuite etc.
Your job as a member of account payables team is not to manually enter invoices all day, not anymore. Try BOLDParser!!!
BOLDParser Automation Features
AI – Enabled Automation
Improved Operational Efficiency
Reduced Human Error
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How does it work?
Step 1: Multi-Channel Support
The invoices are sourced through emails, scanned PDF documents, images, or any online file synchronization service such as Google Drive, OneDrive, and Amazon S3 etc.
Step 2: Processing
Automated Invoice Processing has three sub-steps:
- Pre-processing: Data is extracted from the invoice using OCR or Libraries and then cleaned to remove unwanted data.
- AI Based text Detection and Extraction: BOLDParser then detects and extracts fields like invoice number, invoice date, invoice total, line items etc. from the clean invoices.
- Mapping Transformation: These data fields are then turned into entities as per the requirement of the ERP system or business system in use.
Step 3: Integration
After the text extraction, BOLDParser then creates the invoice in the given ERP system. BOLDParser can be easily integrated with SAP, SalesForce, Dynamics 365, Oracle NetSuite, etc.
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