Invoice Processing

ABBYY fine tunes AI for document processing

ABBYY has previewed a suite of new capabilities for purpose-built AI at Ascend 2024, its inaugural technology and product showcase event held this week. A new multi-modal approach to zero-shot learning was previewed, known as ABBYY Phoenix, which leverages small language models and is purpose-built for document tasks.

Iron Mountain broadens SaaS Solutions

Iron Mountain has announced three new (SaaS) solutions built on its recently launched InSight Digital Experience Platform (DXP), targeting HR, Invoice Processing and Digital Auto Lending.

PIQNIC replaces Oracle at NZME 

PIQNIC has announced a commercial partnership with New Zealand Media and Entertainment (NZME), the country’s largest multi-media company. 

Microsoft Launches Copilot for Finance

Microsoft has unveiled another edition of its Copilot AI tool specifically developed for Finance, aimed at transforming the daily operations of finance teams by automating workflows and providing insightful analytics.

Rossum Aurora AI accelerates transactional document automation

Intelligent document processing vendor Rossum has announced a new AI engine, Aurora, designed to focus on transactional documents, such as invoices, packing lists, or sales orders.

Esker and Boost automate Virtual Card Processing

Esker and Boost Payment Solutions are teaming up to transform virtual card processing for accounts receivable (AR) departments – eliminating tedious manual efforts and streamlining payment reconciliation.

Kognitos Launches Generative AI Automation Platform

Kognitos has unveiled its latest updates to its generative AI automation platform which now enables business users to plan, verify, run and maintain business process automations all in natural language. This comes with two major feature announcements in its leading automation platform: Self Service for All, Human Language Interpreter 2.0.

D­­­esktop Imaging teams up with ABBYY

New Zealand digitisation and workflow systems provider Desktop Imaging has announced a partnership with US digital intelligence company ABBYY.

Intelligent PO Matching for Autonomous Finance

‍Vic.ai has announced the general availability of Autonomous Purchase Order (PO) Matching, an AI solution that manages POs on behalf of accounts payable (AP) teams. This release marks the next evolution of Vic.ai’s end-to-end invoice processing solution, which uses advanced AI to automate manually intensive AP tasks and elevate finance and accounting teams. 

Paymerang acquires KwikTag and Sypht

US accounts payable automation specialist Paymerang, LLC , has announced the asset acquisition of KwikTag, an invoice automation provider for Microsoft Dynamics ERP systems, and the share acquisition of Sypht, an Australia-based AI data platform. The acquisition was completed on April 3, 2023.

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