DocBits is a machine learning platform that can automatically recognise and extract data from invoices. This means that companies can use their time for more important things, such as growing their business. So how does it all work? Read on to find out.

When it comes to processing invoices, business owners have a variety of options. They can process them manually or use an automated system. Both methods have their pros and cons, but in general, automated invoice processing is the better choice.

Here are four reasons why:

• Faster processing: Automated systems can process invoices much faster than manual processes. This means you can process and deposit your payments faster.
• Invoice recognition in DocBits is done via AI. This means that the machine learning platform can recognise and different invoice types, making the recognition process faster and more accurate.
• Accurate data: One of the biggest benefits of an automated system is that it provides more accurate data. With manual processing, there is always the possibility of human error. But with an automated system, errors are reduced and you can be sure that the data is accurate.
• DocBits‘ machine learning platform is constantly learning and improving, which means that recognition accuracy gets better over time. If an error occurs, the system shows directly what the document recognition has detected.

In addition to invoices and credit notes, the system also recognises delivery notes and other documents.

Our OCR solution also processes handwritten documents. The OCR process in our software not only recognises header data such as invoice numbers, but also line items.

Invoices can be imported automatically via email. PDFs only need to be forwarded to an email inbox to start the process.

Of course, paper invoices can also be scanned. Once the document has been recognised, it is transferred directly to the financial accounting in the Infor LN (ERP system). DocBits comes with ready-made interfaces for Infor LN or Infor M3. The integration

Lower costs: Automated invoice processing can also help you save money. When you process invoices manually, it costs more time and resources. But with

Accurate processing: automated systems are more accurate than manual processes, reducing the likelihood of invoice processing errors.