Data extraction from purchase orders is an essential process for any company that wants to maintain accurate control of its purchases and expenses. However, this process can be tedious and error-prone if done manually. Fortunately, there is a solution to this problem: Procys.
Procys is an AI-based software platform that allows for automatic data extraction from purchase orders. This tool is highly efficient and accurate, which means that finance teams can significantly increase their productivity while reducing the time and resources needed to perform this work manually.
In this article, we will explore in detail how Procys’ purchase order data extraction works and how it can benefit your company.
How Procys’ purchase order data extraction works:
The Procys purchase order data extraction process can be divided into three simple steps: extract, understand, and export.
1. Extract: The first step is to upload the purchase order to Procys’ cloud storage platform. This can be done through direct upload or by integrating Procys with other applications.
2. Understand: Once the purchase order is uploaded to Procys, the AI software begins to analyze it. Using advanced optical character recognition (OCR) techniques powered by machine learning, Procys’ software is capable of extracting all relevant data from the purchase order, including supplier information, product details, quantities, and prices.
3. Export: Once the purchase order data has been extracted, it can be sent directly to the company’s database or integrated with other business applications and platforms. This allows financial teams to more accurately track their purchases and expenses, as well as automate workflows associated with purchase order management.
Benefits of Procys’ purchase order data extraction:
Procys’ purchase order data extraction offers a number of benefits for companies looking to improve their efficiency and productivity.
Purchase order data extraction is an essential process for any company that wants to maintain accurate control of its purchases and expenses. However, this process can be tedious and error-prone if done manually. Improve your financial processes with Procys: advanced technology, easy to use, and fully customized.