Polydocs

Automate Data Capture for Infor ERP

IDM Capture

Cognitive data capture

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Cognitive data capture

How key AP issues can be resolved by cognitive data capture 💫

Cognitive data capture uses deep neural networks to recognize patterns in a set of data and adapts to a changing input. 
 
Contrary to manual data entry or traditional OCR, it does not require a sizable workforce and the set-up of endless rules or templates. Here is how cognitive data capture can address key AP issues:
 
✅ Large volumes of varying document layouts
👉 Cognitive data capture is able to identify the overall structure and recognize the components on its own. Different formats of the documents are read organically by this technology. 
 
✅ Repetitive work and manual data comparison
👉 The learning capabilities allow advanced and automatic comparison of the data, for instance, against an internal registry of vendors or public registry of companies. 
 
✅ Discrepancies caused by inefficient internal communication
👉 Cognitive data capture is usually a cloud-based solution. It provides access to automatic updates and allows better team collaboration. 
 
Even though the technology is still young, it will only continue to develop and improve within a widening scope of business activities. 💪

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Cognitive data capture

Data Capture

capture
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Data Capture

How intelligent capture will transform how businesses operate ⚙️

Data capture from paper to electronic documents is an essential step for many business processes, and often is the initiator for customer-facing business processes. 
 
Capture has traditionally required human effort – data entry workers transcribing information from paper documents, or copying and pasting text from electronic documents – to expose information for processing.
 
Intelligent capture replaces manual capture with fully-automated conversion of documents to business-ready data, whether the document originated as a paper document or in machine-readable electronic form. 💻📄
 
Intelligent capture technologies include:
 
☑️ Recognition of printed text, handwriting and Barcodes from scanned paper documents
 
☑️ Classification to identify the type of document, based on its content and format
 
☑️ Text analytics to extract specific data elements from the document required for the business process

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Data Capture

Digitalization vs. Digitization

Digitization
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Digitalization vs. Digitization

What’s the difference?

Understanding the key differences between these two terms is essential when formulating your business strategy. ☝️
 
Let’s have a look: 
 
💡 Digitization means to convert something into a digital format, and usually refers to encoding of data and documents.
 
💡 Digitalization means to convert business processes over to use digital technologies, instead of analogue or offline systems such as paper or whiteboards.
 
In a nutshell, digitization refers to information, while digitalization refers to processes. ✅
 
The distinction between the two might seem like splitting hairs. However, appreciating the difference is important because they are genuinely different things to your business. Each requiring different resources, approaches and tools. 🛠💻
 
Whether you’re using the term digitize or digitalize, make sure you’re referring to the right thing to avoid confusion and misunderstandings.
 
Are you ready to digitalize your business? 🚀 How about starting with digitizing your documents?

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Digitalization vs. Digitization

Benefits of Digital Invoicing

Digital Invoicing
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Benefits of Digital Invoicing

How it can reduce cost, time and more

The trend towards electronic invoices has picked up a few years ago and has since then improved workflows and processes at companies:

1️⃣ Digital invoices reduce the time and costs involved in processing paper invoices by eliminating two frequent sources of error—mail sorting and data entry. 

2️⃣ They also ensure that invoices are paid faster, thereby avoiding financial imbalances. 

3️⃣ Digital invoices also improve the traceability of invoicing operations, while offering easier access from anywhere. 

4️⃣ They can also facilitate data exporting, notably when the digitization system is integrated into a software-management solution. 

5️⃣ Since they are stored on a hard disk or in the cloud, digital invoices save space and decrease the risk of damage to these documents. 

Transitioning to full digital invoicing is not without its challenges for organizations. 

They will have to guarantee the authenticity of invoices and the integrity of their content, while also integrating the digitization tool into their IT system to ensure optimal compatibility with other management tools. ✅

Benefits of Digital Invoicing

Infor LN – An ERP solution for Manufacturing Companies

ERP solution
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Infor LN – An ERP solution for Manufacturing Companies

Infor LN is one of the main ERP (enterprise resource planning) solutions for complex small and large manufacturing companies, developed by Infor. Being very easy to use, LN reduces complexity and day-to-day operations, providing complete planning system and covering all business processes during the entire chain – from designing and planning to sales and customer service.

DOC2

automates Invoice Processing for Infor LN

test it with your invoice today

LN supports projects in many different types of manufactures such as industrial equipment, automotive, aerospace, high-tech, electronics and many others. Using this software, companies have a huge potential to improve their agility, lowering their cost of ownership.

Infor LN is a multi-language system which provides flexible global business operations support through all departments, passing by finance, warehousing, freight management, and aftermarket service. It contains automated alerts which helps to prioritize issues and address them immediately to the right sector. Using LN, companies can manage manufacturers and service functions with just one ERP system without customizations.

Implementing this software, manufacturing corporations have much more organizational transparency, optimize their internal and external processes, and reduce the software customizations necessary to maintain their competitive edge.

Infor LN also allows business to manage a network of people, activities, information, technology, and resources effectively and economically. This integration added to sophisticated analytics, drive the company’s board to more assertive decisions and help them to offer an incredible experience to their customers, developing actionable insights to data.

One great differential from Infor LN is that, besides the ERP system, Infor OS technology connects the LN software with several top-rated applications that can solve different types of business problems. Another interesting point is that Infor Ming.le™ has the tool of social network to ERP systems, allowing employees to collaborate virtually for problem solving.

Main benefits of an Infor LN System

  • Gain confidence with global financial visibility
  • Deliver operational excellence
  • Create low-cost, agile supply chains
  • Make the transition to a service-centric business model

If your manufacturing company needs a system which will transform your day-to-day, ensuring high performance and low cost, talk to us.

Our team is ready to help you!
DOC2 Screenshot

DOC2 automates Invoice Processing for Infor LN

Say goodbye to manual processing of your invoices! DOC2 guarantees accurate, faster and cheaper invoice processing through artificial intelligence. Check out our demo version by uploading an invoice!

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Infor LN – An ERP solution for Manufacturing Companies