Category
In the world of corporate finance and employee reimbursements, accurate receipt submissions form the backbone of effective expense management. Whether it’s tracking business lunches, travel expenses, or office supplies, the ability to quickly and accurately process receipts is crucial for maintaining financial integrity and ensuring timely reimbursements. However, many organizations struggle with extracting data from […]
Invoice data extraction is a game-changer for businesses looking to streamline their invoice management and improve accounts payable processes. However, even with automation, there are specific challenges that many companies face, including vendor name inconsistencies, currency conversion errors, date formatting issues, and dealing with multi-page invoices. Let’s break down how to overcome these hurdles. 1. […]
Insurance claims processing often feels like a never-ending wait. For those dealing with chronic illnesses, the painfully slow pace of processing claims can be more than just an inconvenience—it can impact their health and well-being. Let’s dive into why processing insurance claims is so sluggish and explore how we can turn this around. What makes […]
As KYC requirements continue to evolve, organizations must adapt to maintain compliance and protect against financial crimes. In this article, we will discuss how Veryfi’s advanced technology can help automate parts of the KYC process, making it more efficient and effective. Creating a KYC Checklist with Veryfi Here’s what automating KYC identification using document processing […]
Know Your Customer (KYC) has become a cornerstone of financial security and regulatory compliance in recent years. This post explores the growing significance of KYC and introduces the wide range of documents that KYC processes deal with. As we go into each topic, think about what can be automated. What if we’re moving towards a […]
In today’s fast-paced business landscape, staying vigilant against fraudulent activities is more critical than ever. With the rise of digitalization and automation, fraudsters have found new ways to exploit vulnerabilities in data extraction and document handling processes. Some companies have turned their attention to data extraction software (OCR API) like Veryfi that guarantees data extraction […]
In the world of data processing and automation, two key concepts often come up: artificial intelligence and intelligent automation. While these terms are sometimes used interchangeably, they actually represent distinct approaches to technology-driven decision-making and task execution. At the forefront of this technological landscape is Veryfi, a leading provider of AI-powered document processing solutions. Let’s […]
A Beginner’s Look and How it Relates to Intelligent Automation When you first hear “robotic process automation”, books like Brave New World may come to mind. Luckily, robotic process automation (RPA) doesn’t involve dystopian plots with robot takeovers. In fact, there are no physical or mechanical robots involved because it’s referencing automation software. The “robot” […]
