Introduction
Document Processing draining your energy? Let a robot do it for you! UiPath’s Document Understanding leverages the power of Robotic Process Automation (RPA) and Artificial Intelligence (AI), augmented by human oversight when necessary, to transform unstructured data from any document into structured, actionable information.
In an era where data accumulation is massive—Forbes reports that as much as 2.5 quintillion bytes of data are created daily—the need for efficient data management is undeniable. One effective solution is automating document processing. For instance, a finance department with 40 full-time accounting staff could save up to 25,000 hours annually, as highlighted in a Gartner press release. This significant time saving is made possible by automation technologies like UiPath’s Document Understanding.
What is Document Understanding?
Document Understanding combines RPA to interface with various systems, Optical Character Recognition (OCR) to convert paper documents to digital format, and Machine Learning (ML) to allow software robots to interpret and act on the data extracted from documents.
Imagine stepping into the office, ready to solve complex issues, but first facing a pile of paperwork. Document Understanding streamlines this process, freeing you up for more significant tasks.
Automating Document Processing
Our automated document processing system operates efficiently across various platforms. It starts by collecting documents from multiple sources like emails and digital service desks. Using advanced OCR technology, the system scans and digitizes these documents, turning piles of paper into manageable, accessible digital files.
Once digitized, the documents undergo classification based on predetermined categories such as invoices, contracts, and purchase orders. This classification is critical as it determines how the data will be processed and utilized downstream.
The system then employs Machine Learning algorithms to extract key data points from each document. These algorithms are trained to identify and pull relevant information, which can then be reviewed for accuracy. Upon confirmation, the extracted data is seamlessly integrated into various business systems like SAP, Expensify, and more, ensuring that data flows smoothly between processes and platforms.
Untie-it’s Versatile Document Handler
Our document processing capabilities extend across a wide range of document types, including invoices, receipts, purchase orders, forms, and bills. This versatility ensures that our automation solutions can be tailored to meet the specific needs of any organization, learning new document types and adapting to new processes as required.
Conclusion
Embracing document automation not only saves valuable time but also empowers teams to focus on more engaging and strategic initiatives. With advanced solutions like UiPath’s Document Understanding, companies can handle their document inflow with unmatched efficiency and precision.