Document Automation
- Updated: 2024/08/08
Document Automation
Document Automation is a core part of Automation Anywhere’s Intelligent Document Processing (IDP) solution that automates the extraction, interpretation, and conversion of data from various document types into structured formats for business use. Leveraging AI technologies, this product enhances efficiency and accuracy in document-centric workflows.
Is Document Automation right for your business?
In many business environments, documents play a critical role in daily operations. Common business processes that heavily rely on document processing include:- Accounts Payable (AP): Processing invoices, receipts, and payment approvals.
- Accounts Receivable (AR): Managing customer purchase orders and payment confirmations.
- Legal and Compliance: Reviewing and managing contracts, legal agreements, and compliance documents.
- Human Resources (HR): Handling resumes, payslips, and benefits documentation.
Document processing in these contexts involves extracting and handling data from various document types. This task is often manual, time-consuming, and prone to errors. The inefficiencies and inaccuracies can lead to delays, increased costs, and operational bottlenecks, making it difficult to scale processes.
Document Automation automates the entire document processing workflow using AI technologies. It extracts relevant data, understands the context, and processes it accurately and efficiently. This solution not only saves time and reduces errors but also lowers operational costs and enhances productivity.
How it works
Document Automation integrates advanced technologies and key components to streamline document processing.
At its core, optical character recognition (OCR) and computer vision recognize text and analyze visual elements within documents. Machine learning (ML) and natural language processing (NLP) further process this data, capturing relevant information. Generative AI adds sophistication, handling complex textual information and diverse document formats.
The solution also incorporates a human-in-the-loop mechanism via Automation Co-Pilot for exception handling and queue management. The process orchestrator manages workflows, allowing for scalable and efficient processing. All these elements are integrated within the Automation 360 platform, providing an end-to-end solution that combines document processing with broader automation capabilities, streamlining business workflows from data extraction to integration.
What results to expect
Document Automation offers several benefits for processing documents that can help benefit your organization:
- Improved efficiency: Enhances efficiency by reducing document processing time, allowing your team to focus on more strategic tasks.
- Improved accuracy: Minimizes the need for manual data entry, reducing the number of human errors and improving data reliability, leading to better business outcomes.
- Cost reduction: Reduces costs associated with manual document processing that might also result in human errors.
- Scalability: Processes large volumes of documents efficiently.