Process order confirmations automatically with AI
Insiders introduces smart ORDER CONFIRMATION, a new member to its family of solutions for AI-supported document processing in the purchase-to-pay (P2P) process. Insiders‘ latest product uses state-of-the-art AI techniques to automate document reading, validation and verification of order confirmations.
smart ORDER CONFIRMATION is the new stand-alone standard product made by Insiders for the automated processing of order confirmations. Using state-of-the-art AI processes, it captures more than 50 header and table items such as order numbers, delivery dates, or quantities, but also INCO and payment terms with the highest precision and passes them on to any downstream systems. Powerful AI algorithms enable matching with order data based on top-down and fuzzy search algorithms. In addition, the extracted data is mathematically and logically checked. If data does need to be validated manually, the solution offers a convenient and user-friendly web-based interface that can also be used to quickly research orders or further information in third-party systems.
Like the related products smart INVOICE for invoice processing and smart ORDER for order processing, smart ORDER CONFIRMATION is based on generic document recognition. It is therefore completely independent of the layout. Without tedious template creation and lengthy training, smart ORDER CONFIRMATION recognizes all relevant data at header and item level out of the box. It reacts quickly to changes due to new formats or suppliers using modern AI processes.
In the run-up to the general release today, the product has already proven itself in practice for several months at selected customers such as BASF and processed many order confirmations efficiently and automatically. smart ORDER CONFIRMATION is available on-premises and as a cloud service via Insiders Technologies and its partners.
explains Dr. Armin Stahl, Product Manager at Insiders Technologies. “However, there are often not enough resources available for manual processing. With smart ORDER CONFIRMATION, companies can largely automate order confirmation processing and obtain the necessary transparency promptly, in high quality, and at unbeatable low costs.“