Category: Artificial Intelligence

The term “artificial intelligence” was first coined by James McCarthy in 1955. In less than 70 years since then, AI has gone from being a scientific concept to a fact of life.  Let there be AI  The undeniable transformative potential…

Invoice scanning is a crucial step in managing the accounts payable (AP) process for any business. You may think that invoice scanning is no longer required if invoices are received electronically. However, according to Bottomline’s The State of ePayables report,…

It’s 2025, and manual finance workflows are a thing of the past—or at least they should be. Enterprises and organizations in the healthcare, financial services, logistics, and retail sectors deal with thousands of invoices daily. Considering the high volume, automation…

Natural language processing (NLP) and large language models (LLMs) are two distinct approaches that are transforming how humans interact with machines. Both are redefining what’s possible when human communication meets machine understanding. However, is one approach really better than the…

The global data extraction market is predicted to reach a value of $4.90 billion by 2027, boasting a significant CAGR of 11.8%. This growth is largely due to the crucial role played by Form Processing, a technology that has emerged…