Invoice Processing

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.

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

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.

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

‍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. 

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.

Arnold von Büren, CEO of TCG Process, is a Swiss entrepreneur with three decades of experience in capture and input management. On a visit to Australia in February, IDM asked Arnold to outline his views of the current state of Intelligent Document Processing (IDP).

As the National Disability Insurance Scheme (NDIS) continues to grow and mature, transforming the lives of more than half a million Australians, intelligent automation is shaping up as an important tool in easing the growing administrative burden. The NDIS assists Australians living with a disability to identify the support they need to achieve goals in many aspects of their lives.

US company KwikTag has introduced SimplyAP for Dynamics 365 Business Central, designed as a cloud-native AP automation solution.

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