Finance AI

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Recent Finance AI Articles

How to Set Up a Winning Automated Invoice Processing Workflow

8 minutes
Automated workflows for invoices can streamline all the steps in AP processes. If you are still dealing with manual processing, it's time you join the AI automation wagon and get all the benefits of it.

What’s Missing from Your OCR Based Invoice Processing Solution

7 minutes
OCR invoice processing is essential when it comes to an effective AP routine. It has transformed the workflow of financial departments worldwide, and is one of the keys to successful AP automation.

All You Need to Know About Batch Invoice Processing

3 minutes
Batch invoice processing is a method that is used to process multiple invoices at the same time. Batches may include hundreds, if not thousands of invoices, or they can consist of just five or ten. It all depends on your business.

Batch Invoice: Meaning, Advantage, and Tips

3 minutes
Batch invoice processing is one of the primary time-saving techniques available. This is how AP and finance departments go through tens or hundreds of invoices at once.

The Only 6 Invoice Scanning Software Options You Need to Know About

5 min
There's a reason why we created another invoice scanning software tool on the market. We tested the others, liked them, but thought - this can actually be better. So, we made Affinda's invoice extractor.

What Is Invoice Data Capture and Can It Really Be Automated

8 minutes
Invoice data capture is the newest trending topic in AP departments worldwide. What is it, and how does it work?

Is Automated Invoice Handling with Machine Learning and OCR Really All That?

9 minutes
Invoice processing is a completely different beast than it was ten years ago, and today's solutions are powered by cutting-edge neural networks and intense machine learning. Here's why it matters.

What’s the Best Technology to Extract Data from the Scanned Invoices?

12 minutes
Technology to extract data from the scanned invoices-- or from invoices you've been emailed-- has seen vast improvements in recent years. Template based approaches are a thing of the past. Let's dive into what a modern data extraction system should look like.

How data extraction works with Tesseract OCR, OpenCV, and Python for Invoices

15 Minutes
If you work with invoices, you know that they can be a pain to deal with. There's all that data to input by hand, and it's easy to make mistakes. But what if there was a way to automate the process? That's where optical character recognition (OCR) comes in. OCR is a technology that enables computers to read text from images, and it can be used to automate invoice-processing tasks. In this blog post, we'll show you how OCR works with Tesseract, OpenCV, and Python. We'll also provide some tips on how to improve the accuracy of your OCR results. Ready to get started? Let's dive in!

The No-Nonsense Guide to AI Invoice Processing

10 minutes
AI invoice processing may seem complex at first glance; but it's incredibly accessible: anyone can use it. Here's everything you need to know.

How to Get an Online Invoice OCR That Makes Your Life Easier

8 minutes
Manual data entry is for the birds. It's time to simplify your life with an online invoice OCR.

5 Ways OCR Invoice Scanning Beats Manual Processing Every Time

5 minutes
OCR invoice scanning is touted as the best way to bring RPA and the digital age to your AP department, but is it really all it claims to be? Let's dive in.