How AI reduces fraud in employee expense reports?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Expense reimbursement fraud can occur in any organization, but are you aware that it happens because of their own employees? According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations, employee expense claims fraud accounts for 21 percent of total fraud in small businesses (those with less than 100 employees) and 11 percent in large […]
Achieving Straight-through Processing using Receipt Capture AI
[vc_row pix_particles_check=””][vc_column][vc_column_text] From ancient merchants to captains of modern industry, processing of financial documents is a great pain, having to go line-by-line through multiple, repetitive forms and trying to work as quickly as possible without making errors. Most of this data processing is manual which is a tedious process. Hence, we bring KlearStack into their lives- a modern […]
QuickBook’s integration with KlearStack for total AP automation
[vc_row pix_particles_check=””][vc_column][vc_column_text] Achieve Complete Invoice Automation as QuickBooks integrates with KlearStack [/vc_column_text][vc_column_text] QuickBooks : Online Accounting Software [/vc_column_text][vc_column_text] QuickBooks is an online accounting software that caters to the needs of small business owners, accountants, self-employed and people starting a business. It is a accounting software that helps you create GST Invoices effortlessly; keep track of money […]
5 Best OCR Software in 2023 [Free + Paid]
[vc_row pix_particles_check=””][vc_column][vc_column_text]Are you tired of the time-consuming and error-prone task of manually transcribing text from PDFs, images, or paper documents into editable formats? If so, OCR (Optical Character Recognition) software comes to your rescue. What is OCR (Optical Character Recognition) Software? OCR, or Optical Character Recognition, is technology that converts physical paper documents into electronic […]
Intelligent Document Processing for Enterprise’s Success
[vc_row pix_particles_check=””][vc_column][vc_column_text] Intelligent Document Processing: Eliminating Manual Efforts from Enterprise Processes The age of digitization and automation is picking up pace. Artificial intelligence is touching many business and industrial processes, addressing several business expectations including efficiency, productivity, and ROI. One of the processes where the intelligent automation model seems set to drive massive value in enterprises […]
AI Data Extraction v/s Traditional template based data extraction
[vc_row pix_particles_check=””][vc_column][vc_column_text] Most of the mid to large enterprises globally have an average of 500+ suppliers who periodically send invoices every month for providing goods and services to these businesses. For reconciliation and payment management, these enterprises have to read these invoices manually, extract information (like invoice date, invoice number, due date, amount, tax amount, […]
Why is KlearStack the best software for Invoice Processing Automation?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Proprietary AI based solution that needs NO templates. Hence, saves tremendous amount of time and money for the customers. Highly efficient and unique AI algorithm for ‘best-extraction-in-industry’. Extracts entire invoice data, including line-items, @ 95% + accuracy Supports wide-range of file formats such as PDF, JPG ,TIFF. No restriction for file uploads. Bulk invoices processing […]
Evolution of Automation up-to Intelligent Automation and Beyond
[vc_row pix_particles_check=””][vc_column][vc_column_text] Getting things done and getting them done with an ease. Automation helps us achieve exactly that. Today we have a woven fabric of automation around and its impact is already upon us. What is not automated around us today? The impact of automation and technology on our lives is increasing on a daily basis. You […]