How AI is Giving Accountants More Time Back

If your accounts payable (AP) team is stuck dealing with duplicate invoices, overpayments, and mistakes, it may be time to reconsider your manual invoice data capture system. AP specialists tediously type in each invoice and match the data line-for-line from the physical copy into their systems. This isn't just time-consuming, but it can also produce some of the following drawbacks: The latest addition to the SmartCapture feature-set is a tool called Line Item Capture, which further simplifies invoice data entry by extracting descriptions, unit costs, and quantities in minutes with 99% accuracy, and removing up to 83% of data entry from AP. With the launch of SmartCapture earlier this year, Beanworks customers were able to save even more time, while helping to eliminate errors and mitigate the risk of fraud in accounting. SmartCapture automatically picks up the header information from invoices, simplifying the day-to-day challenges in data entry.