AIA is an AI-based platform for invoices automation, data extraction and document processing.
Alphamoon Intelligent Automation - AIA - is a platform for Intelligent Document Processing - the most technologically advanced way of document automation. The platform is a state-of-the-art software based on machine learning (ML), natural language processing (NLP), optical character recognition (OCR) and deep learning (DL).
In a traditional model, invoices are processed manually by accounts payables teams. There are many drawbacks of this approach - high probability of human-made errors in manual data entry, long processing time and payment delays are some examples.
Alphamoon’s platform addresses these issues by automating invoice processing. The process consists of the following steps:
- Each invoice is scanned and read as text thanks to the OCR component
- Data is extracted with 98% accuracy, and since Alphamoon employs ML and DL methods, the platform doesn’t need rules (like traditional OCR tools) to perform extraction
- Processed invoices can be further streamlined into ERP systems
- The platform learns based on the input - the more invoices are added to the platform, the higher the accuracy and effectiveness.
Benefits of invoice automation include:
- More efficient document processing that saves time - by up to 70%
- Automation enables your company to go paperless - it’s a more sustainable way of processing invoices
- A higher degree of security of your financial documents
- Gaining valuable insights from structured data
- Positive long-term ROI because the platform learns as the database of documents expands
- Fewer errors in comparison with manual invoice processing
Aside from Invoices, Alphamoon also offers data anonymization and full-text search for documents.