Compare Azure AI Document Intelligence vs. EXACTO Invoice

AI Document Intelligence is an advanced AI service designed to utilize sophisticated machine learning techniques for the automatic and precise extraction of text, key-value pairs, tables, and other structural elements from various documents. By transforming documents into actionable data, users can redirect their efforts towards leveraging information rather than simply gathering it. Users have the option to begin with existing models or develop personalized models suited to their specific documents, whether on-premises or in the cloud, using the AI Document Intelligence studio or SDK. This technology enables businesses to streamline their processes through the automation of text extraction, significantly enhancing efficiency. The accompanying webinar provides practical demonstrations for essential applications, including document processing, knowledge mining, and customization of AI models for specific industries. With the capability to accurately extract text, key-value pairs, and tables from an array of document types such as forms, receipts, invoices, and cards, there is no need for manual labeling, extensive coding, or ongoing maintenance. Additionally, users can utilize custom forms, prebuilt APIs, and layout APIs offered by AI Document Intelligence to efficiently extract necessary information, propelling their operations into a new realm of productivity and innovation. This comprehensive approach allows organizations to harness the power of AI in managing their documentation seamlessly.

Invoice processing has long been recognized as one of the most labor-intensive and error-prone activities within organizations. Each day, invoices totaling billions are handled, which complicates the task for accounts payable departments as they must manually verify, extract information, download, and ultimately prepare data for payment processing. The rise of digital transformation has significantly expedited the automation of this procedure, leading to enhancements in efficiency and effectiveness while simultaneously minimizing human errors and allowing companies to reduce costs. HCL’s EXACTO™ Invoice is a unique platform that utilizes patented artificial intelligence, deep learning, and natural language processing to streamline the extraction of data from invoices, receipts, and purchase orders. It integrates effortlessly with a variety of sources and is capable of processing documents in over 13 languages, offering advanced AI and machine learning features for document classification and digitization. This innovative technology not only saves time but also empowers businesses to focus on strategic initiatives rather than tedious administrative tasks.