We’re living in an age where the capabilities of technology have become extremely advanced. Throughout the evolution of technology, what were once difficult administrative processes have simplified immensely.
Mobile banking, online shopping, flight booking, and ride-sharing, to name a few.
However, many people find that when they walk through the doors of a large corporation, they are taking a step back in time.
People still use pen and paper and scan documents to one another.
Consumer technology is taking charge and progressing quickly.
While technology in businesses, especially large corporations, is struggling to keep up with the pace.
This can come as a great shock, especially for young people just entering the workforce.
Using outdated technologies in a business environment is extremely inefficient, and chances are there is already a solution out there.
The problem is businesses are too slow to adopt new technologies.
If you’ve worked in the supply chain industry, you have probably seen a document that looks something like this:
And if you’ve sent a supplier a purchase order, you’ve probably seen another document that looks a bit like this:
Its great that businesses can produce and send one another ‘digital’ invoices.
The only problem is we receive invoices via email like this:
Receiving invoices or any other document, for that matter, as a PDF means we still have to manually extract the contents into our own business systems. E.g., manually keying the vendor name, bill date, bill reference, due date, journal, etc.
For one invoice, this isn’t really a big deal.
But at scale, with a large group of invoices each month, this becomes a tedious, time-wasting task.
What was supposed to be a 'digital' file transfer isn't so digital.
Apart from legibility what difference would it have made if that invoice you received was written with a pen and paper?
If only there was a way to automate this document extraction.
