Speed up invoice (https://www.wisetrend.com/) processing with WiseINVOICE & ABBYY FlexiCapture!

All companies face the need to process incoming invoices. If your company has to process a lot of invoices, then you should probably know what huge amount of resources it takes and how much it costs.

WiseTREND Advanced OCR & Data Capture 
Are you a financial institution suddenly receiving hundreds of thousands or even millions of documents you have not needed to process before? 
Are they coming in by different methods and from different channels?  
Lacking staff or technology to automate your document processing?

Recent government programs like PPP (Paycheck Protection Program) empowered the Small Business Administration (SBA) to provide loans.  But the back-office operation and all the overhead that comes with it was passed onto the banks.  No wonder the process has been slow, confusing and arguably broken.  If you think of it, literally overnight, now every bank needs to find staff and computing power to handle this new data inflow.

WiseTREND Advanced OCR & Data Capture provides powerful Optical Character Recognition (OCR) software powered by Artificial intelligence (AI) to automate the capture, collection and processing of images, as well as performing data extraction and data validation.  Our software is pre-configured to process forms like IRS940, IRS 941, and all other documents required by the process.  

Our software will receive input from your customer, process it, check for errors, auto-fix some errors, escalate to operator review if human assistance is needed, and export the data to your backend databases.  No data entry or typing required.  The process generates a full audit trail as well as productivity and performance reports.  
We also provide complete offsite processing and full automation through our SOC-2 certified Managed Services and cloud-based processing.

Please contact WiseTREND for a live demonstration.

We are obsessed with analyzing (https://www.wisetrend.com/) business processes. We believe that only by understanding the myriad business processes that are the life’s blood of your organization can you truly achieve operational excellence. Our patent-pending Timeline Analysis analytics engine delivers these critical process intelligence insights automatically – any process, any complexity and any size.

In this podcast, we will demonstrate how the software (https://www.wisetrend.com/) helps to speed up processing even with exception handling or if missing data occurs.  Our software allows to eliminate manual data entry to very minimum.

Tools for capturing Invoice data and processing Invoices automatically.

WiseTREND provides a wide range of document processing, data capture, and Optical Character Recognition tools for any paper-intensive environment.

In this example, we will demonstrate how automation software tools can easily capture information and data fields form scanned, faxed and PDF-based invoices.

Here is an invoice that has been scanned and processed by one of our software packages.  This software automatically located and recognized some data fields automatically.  

First, so make sure that the located and captured information is accurate, WiseTREND software may mark some characters in red color, indicating that a user may need to review these, characters for accuracy, while ignoring all other characters in black color.

Next, the software suggests to the user that some fields could not be located.  They are listed here, and clicking on any field will highlight it in the cursor into it automatically, guiding the operator step by step.

All text on the Invoice page has been converted to digital objects.  Operator can simply click on any text object, and that text will be placed into the associated field.  Entering information here is as simple as click, click, click – no manual data entry required.

For those operators who prefer to use the keyboard, a similarly fast data collection technique is available.  Entire text from the invoice has been cashed in memory, so entering just the first character of the desired field provides a user-friendly suggestion, eliminating the need to enter the entire value.

Our tools also monitor and check for accuracy and integrity of your data.  For example, in this Date field, if a user makes an accidental typo, the software will automatically fix it.  If the typo cannot be resolved automatically, the user will be informed about it with a friendly message reminder.

Other rules include format checks, database and list lookups, mathematical formulas, regular expressions, and other logic-driven validation.  For example, one rule can validate multiple fields at the same time, such as reconciliation between line item totals and the total amount.

Please contact www.wisetrend.com for more information and a demonstration for your specific documents.

Organizations can save up to 85% of invoice (https://www.wisetrend.com/) processing costs through Accounts Payable automation. 

WiseTREND Intelligent Document Processing Portal is the only invoice processing solution, which is easy to access and use, efficient from day one and ensures end-to-end automation of accounts payable process. 

A Webinar Presentation Discussing the Timeline (https://www.wisetrend.com/) Approach vs the Schema Based Approach of Traditional Process Mining

This webinar presentation describes the key differences between two approaches to process analytics. The first approach, traditional Process Mining featuring the schema approach. This method converts process data into a flowchart-like schema and then analyzes the flow of cases through that schema. The second approach, called Timeline analysis, a patent pending approach from TimelinePI is based on the concept of a timeline – unfiltered and unedited history of a single entity: a case, an opportunity, an order, a patient, or any other process.

This presentation will demonstrate that the schema approach has many fundamental problems which severely affect its practical use in commercial application.

Ceci est une annonce urgente de la part de l'équipe de WiseTREND (https://www.wisetrend.com/) Advanced OCR & Data Capture en ces circonstances exceptionnelles. Au nom de toute notre équipe, nous sommes prêts à aider la communauté et offrons gratuitement nos services experts de traitement de documents et collection de données à partir de documents papier, fax, PDFs, et autres sources de données contenant des informations à extraire.

Notre offre logicielle peut traiter des documents dans 180 langues, peut lire l'écriture manuscrite, les documents informatiques, et les codes barres, et contient des algorithmes spécialisés de machine learning (apprentissage automatisé) et d'intelligence artificielle pour traiter les factures, les bons de commande, les dossiers médicaux, les documents de transport, les sondages, les questionnaires de patients, et tout autre forme de document. Ces algorithmes ont été éprouvés durant de nombreuses années, et sont à la pointe des technologies de reconnaissance optique de caractères (OCR). Notre outil d'analyse de données utilise des algorithmes avancés permettant de rapidement visualiser, présenter, et comprendre de larges quantités de données. Nous sommes certifiés HIPAA et SOC-2 en ce qui concerne la sécurisation des données et le traitement approprié des données confidentielles. Nous opérons à travers le monde depuis trois pays différents avec de nombreux opérateurs prêts à vous répondre dans leur langue maternelle. Nous travaillons déjà avec de nombreux laboratoires de recherche, des agences gouvernementales, et des entreprises privées depuis plusieurs années, et étendons maintenant nos services à tous ceux qui en ont besoin.

Aujourd'hui l'équipe de WiseTREND est prête à offrir sa technologie et ses ressources pour aider les services d'urgence, les organisations gouvernementales, les ONGs, et toute autre entreprise travaillant sur la détection ou la prevention du coronavirus. Contactez-nous pour plus de détails, et nous verrons ensemble ce que nous pouvons faire pour vous, et vous aiderons autant que possible. Nous partageons tous ce même combat.

Quick demonstration of a Purchase Order (PO) automated processing (https://www.wisetrend.com/) and data extraction using WiseTREND OCR & data capture software package.

Purchase Order scanning, automatic classification and separation, data recognition and zonal extraction (OCR), character verification, rule validation, and export.

Get ready for your document processing life to change completely!

WiseTREND provides computerized document processing, paper flow automation and data extraction software packages for variety of documents and forms. These include, but are not limited to, standard government forms such as IDs and IRS forms, specific to industry document types like Invoices and Healthcare Claims, and of course your own custom forms. 

In this short video, we will show you how our software can process your documents and automate your tedious data entry tasks, eliminate mistakes, and speed up your work.

Our software resides securely on your computers. Your documents are never sent outside of your company. Think of this software as your trusted personal assistant, someone who knows your document types. It knows how to handle each document, what information to extract from it, what potential errors to look for, and where to put the finished result. If it is unsure about something, it will simply ask you. It works for you 24/7, doesn’t get tired, always produces consistent results, and never asks for lunch money. 

The process is simple:

Step 1: scan, load or open all your paper documents or images into our software. Yes you can use your existing scanner or copier. We encourage to process in batches of hundreds or even thousands of pages at once for optimal efficiency. This step can be fully automated. 

Step 2: the software automatically rotates, cleans, identifies, separates batches, and combines pages into complete documents. Then the data you designated for extraction gets located, recognized, converted to digital values, checked for errors, validated against business rules or your back-end databases, and prepared for final review. If the data has been fully confirmed, then it automatically proceeds directly to export without needing any human attention. This step is always fully automated.

Step 3: There may be some documents or data that was misread, unclear, or that failed your business rules validation. These items are presented to your operators for verification and review in our award-winning fully-optimized for efficiency user interface. You can perform checking on a character, word, field, page, entire document, or entire batch. Only a small subset of questionable data usually requires human review. Any triggered rules are also checked in this step. If you have large volume of data, or require fast turn-around, multiple operators can work on the same batch at the same time.

Step 4: All clean data and images get exported to the system of your choice. It can be exported to Excel or a CSV or XML file, into any kind of a standard ODBC database, or into an array of other back-end systems like SharePoint. This step can be fully automated. 

In a few minutes you can process hundreds of documents, virtually eliminating any need for paper handling and data entry. It is time for document automation in this paper-overloaded world.

Contact WiseTREND and discuss how we can automate your workflow and save you time and money while eliminating headaches and overhead costs.

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Did you know that 7–12% of revenue for top global organizations (https://www.wisetrend.com/) is stuck in inefficient order to cash processes? That is 1–2 trillion(!) US dollars combined … 

However, it’s not the case for intelligent enterprises. While the majority of companies still handle 60%-80% of sales orders manually, some organizations reduce manual processing to less than 10%, achieving a very high level of automation.  

How to get there? It is not enough to set up your accounting or ERP system. There is still a significant bottleneck in the process - manual data entry from purchase orders sent by your customers.

WiseTREND removes this bottleneck by offering its Intelligent Document Processing technology in three ways:
On-premise software or a private cloud, which gives you full control over your infrastructure.
Software as a service - a public cloud, which requires no hardware and no installation
Outsourcing service - when our US-based team combines the right technology with validation best practices to achieve 100% accuracy of your data extraction 

As a result:

• You streamline the order-to-cash process and make your working capital work harder. 
• You serve your customers better, increase their satisfaction and loyalty
• You make your employees happier and their work more meaningful

Here is what our customers say:

“We didn’t realize how much more efficient our organization can be before we automated the last manual step in order-to-cash - data entry from incoming purchase orders. Both sales operations and account receivables teams almost doubled their productivity...” 

Nick Jordan - Project Manager, Automation
Interto, Inc.

1. Want to learn more? Visit www.wisetrend.com and choose your option:
2. Request live demo of the on-premise solution
3. Access free trial of SaaS portal online 
4. Contact sales to get a quote for the outsourcing service

This is an urgent announcement from WiseTREND Advanced OCR & Data Capture Team (https://www.wisetrend.com/) in this unprecedented time.  On behalf of our whole team, we are ready to assist our global community and offer free assistance through our expert document processing services and data gathering from paper documents, faxes, PDFs and other sources that may contain useful information.  

Our software is able to process over 180 languages and contains machine learning and artificial intelligence algorithms that have been used for many years to process documents like invoices, purchase orders, medical records, transportation documents, surveys and patient assessment forms, and any other document utilizing the best OCR technology in the world.  Our software and services are HIPAA and SOC-2 certified for full data security and proper handling.  We operate from three different countries across the world with multiple native speaking operators.  We already work with major labs and agencies for many years, and now we are extending these services to everyone else.

Today we are ready to offer our company’s technology and resources to assist our first responders, government organizations, non-profits, and any other company working on corona virus COVID19 detection and prevention.  Please contact us with details and we’ll review jointly what we can do for you and assist as much as we can.  We are all in this together.