Cost of Invoice Data Extraction
On a daily basis, business executives must keep up with changes in the business dynamics of how businesses operate. In doing so, they devote a significant amount of time to considering the adoption of cutting-edge technologies. Regardless of how much executives swear by their instincts and gut feelings, the reality is that very few executives […]
Optimize the efficiency of ECM: Data management
Why is data management crucial segment of ECM? Due to the processes and technologies involved in managing and safeguarding the data housed in an ECM system, data management is a significant portion of the Enterprise Content Management (ECM) market. Data backup and recovery, data security, data governance, and data quality management are just a few […]
Comparing the best ECM Cloud solution
Some of the most known ECM Cloud solutions are: – SAP Document Center – Microsoft SharePoint – Oracle WebCenter Content – Box – M-Files – Google Drive Cloud-based ECM Cloud-based Enterprise content management (ECM) has grown in popularity among companies for a number of reasons. The first important factor is scalability since it enables these […]
How AI & ML can unlock fullest potential of ECM?
How do AI and machine learning apply to ECM? The ways in which corporations manage their material are quickly changing thanks to artificial intelligence (AI) and machine learning (ML). The terms artificial intelligence (AI) and machine learning (ML) are used to describe the automation and optimization of processes involving content in the context of enterprise […]
What is the role of monitoring tools in SAP?
Purpose of monitoring tools The purpose of SAP monitoring tools is to provide real-time visibility into the operation of SAP systems as well as to identify and fix any potential performance problems. The stability and availability of SAP systems, which are essential to the operations of many enterprises, are ensured by these technologies. The main […]
Remote work and why should you support it?
“The Importance of Incorporating Sustainability into Business: A Pathway to Resilience and Success” As the world becomes more aware of the impact of business activities on the environment, companies are being asked to adopt sustainable practises. However, integrating sustainability into a business model and culture goes beyond mere environmental responsibility. It offers numerous benefits, such […]
PDF Invoices vs Electronic Invoices
In the world of vendor invoice management, the choice between an electronic invoice and a PDF invoice can have a significant impact on efficiency, accuracy and cost. Both types of invoices have their advantages and disadvantages, and the right choice depends on the needs of the business and its Vendor Invoice Management process. Electronic invoices […]
PDF Types and PDF data extraction
What is PDF? PDF stands for Portable Document Format. It was introduced by Adobe in 1992, and since 2008 it’s ISO standardized. A PDF file is a container that can contain text and images. It can also contain additional objects such as curves, annotations and forms, but we can skip these for simplicity. Two key […]
Are emailed PDF invoices legal in the EU?
“For the uptake of unstructured e-invoice, the Directive is considered as having played a significant role in the Member States in which it affected the applicable legal framework. Obviously, this is not the case in countries where the e-invoicing legal framework was already liberal (such as the UK or Scandinavian countries). In the other countries, […]
Best practices for OCR
“Although the scanning of paper-based invoices isn’t considered e-invoicing, it is the natural first step for many organisations. Using Optical Character Recognition or ‘OCR’ software, the data can be moved from a paper-based format to a digital format that can be entered in the Accounts Payable system. Outside of EDI and invoice portals, OCR has […]
