Infrrd AI Enabled Intelligent Document Processing for Complex Documents

If you are struggling to hire data entry roles to help extract data from documents, please take comfort in the fact that you are not alone. Businesses and institutions of all sizes, even the IRS, are challenged by an acute labor shortage: What Happened? The above article was published in April 2022. To better understand the reason for this shortage, you will need to read another article from the same month: With the Great Resignation, there has been a drought of technical talent available for entry level tech positions. To combat this, technology companies have responded by hiring people from lower, minimum wage roles, providing them extensive training and support to perform these entry-level tasks. According to  The Wall Street Journal  article above, “ many employers from IBM to CVS now say they are happy to help relatively inexperienced new hires get trained up in coding, cybersecurity and healthcare technology to fill positions .” The problem with this approach is it places the bur

  Invoice processing is critical to the Accounts Payable (AP) department of any business operation. Still, many businesses are stuck with traditional, slow, and inefficient invoice management solutions. If you look at AP processing today, there are a lot of companies processing their invoices manually within their accounting team or with the help of a legacy OCR engine with not-so-good results.  Today, when the world is offering AI-based solutions with advanced capabilities of machine learning and deep learning, what is limiting businesses from evolving? What are the pros and cons of manual processing? What are the first steps towards invoice process automation or Intelligent Invoice Processing? Let us try to find answers to some of these questions. Exponential Processing Time is one criteria used to assess any service today. The faster you deliver results, the more successful you are. Take the case of bank payments. Traditionally, bank payments and transfers were done through checks a