In finance and accounting, AutoForm2Go can dramatically improve processing efficiency in the following typical scenarios:
- Automated Bill Processing::
- Automatically extract key information from vendor invoices (invoice number, date, amount, tax, etc.)
- Recognize transaction records in bank statement PDFs and automatically categorize them (e.g., distinguish between office supplies, travel expenses, etc.)
- Process employee claims and photos of receipts, automatically reconciling amounts and items
- Accounting system interfacing::
- Synchronize extracted financial data directly to QuickBooks, Sage and other accounting software
- Set up automation rules (e.g., invoices over $10,000 require special marking)
- Generate data in standardized formats that are compliant with accounting standards and reduce manual adjustments
- Audit support::
- Batch process contract documents to extract payment terms and date information
- Automatically compare data from multiple sources (e.g. triple matching of purchase orders, receipts and invoices)
- Generation of structured audit evidence packages
In the actual case, after an accounting firm used AutoForm2Go, the invoice processing time was shortened from an average of 15 minutes per invoice to 2 minutes, and the data accuracy rate was increased from 92% for manual entry to 99.6%. Especially in the processing of theTransnational invoicesWhen the system can automatically recognize the date format, currency symbols and tax differences of different countries, it greatly reduces the workload of financial staff.
This answer comes from the articleAutoForm: AI tool that extracts data from any document and automatically fills web formsThe
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