Data Assistant

Rapid, accurate invoice processing reducing labor, errors, and enhancing financial operations.

Manual processing of invoices is time-consuming, taking up to 15 minutes per invoice, which results in 2,500 hours of labor monthly for companies handling 10,000 invoices. This inefficiency leads to a 4% error rate, causing financial discrepancies and supplier disputes. Additionally, delays in processing hinder timely payments and financial reporting.

Our AI agent, built on Purple Fabric, automates and optimizes accounts payable processes by intelligently extracting key information from documents with over 95% accuracy in under 15 seconds. This solution enhances the speed and accuracy of invoice processing, reducing labor costs and improving financial management.

Key Outcomes

  • 5X faster invoice processing ability, significantly enhancing the speed of handling high volumes of invoices.
  • 70% reduction in labor costs associated with manual processing, allowing organizations to allocate resources more effectively.
  • Error rate reduced to less than 1%, minimizing financial discrepancies and improving supplier relationships.
  • 90% elimination of human error, resulting in more accurate data extraction and reduced risk of supplier disputes.
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Reimagine your operations with Purple Fabric. #OpsBeyondLimits      

Reimagine your operations with Purple Fabric. #OpsBeyondLimits