Rossum Integration (1): Document Data Capture is Essential to Your ERP
Rossum modernizes and simplifies document processing and management. We designed the platform to increase the efficiency and effectiveness of your company’s business processes. While the platform’s benefits are clear when used on its own, it…
How Rossum Works
Manual invoice data capture belongs in the same technological graveyard as rotary phones, VCRs, and floppy disks. We all have access to a solution that automates invoice text extraction and gives accounts payable (AP) professionals the chance to break free of the repetitive drudgery of manual invoice extraction. However, it seems that we’re having a hard time letting go of…
How to export invoice data to your accounting system in minutes
We're on a mission to make the business world a better place. To achieve this, we built Rossum - an AI-powered accounts payable (AP) automation solution that enables AP experts to take on more productive and fulfilling roles in their companies. Rossum frees professionals from manual invoice processing tasks with fast and accurate automated invoice data extraction. No more mind-numbing…
How AI Invoice Processing Works
Artificial intelligence (AI) has captivated and inspired us since the dawn of mankind. We can see this in the myths and stories of civilizations throughout the world, from sentient statues like Pandora or the Golem to emotional robots like R2D2 and C3PO. It was perhaps inevitable that AI evolved from mythological concept to mainstream tech, but when you stop to…
We raised $4.5M to make data entry faster and more economical
At Rossum, we are developing a cloud-based data extraction platform that uses deep learning to read and understand semi-structured documents like a human, eliminating the need for rules and templates. Today, we are thrilled to announce that we’ve secured $4.5 million investment to make this dream come true. We’re on a mission to rid the world of manual data entry…
How to convert PDF invoices to Excel quickly and cost-effectively
Globally, businesses produce a staggering number of invoices: a 2019 Billentis report on the state of e-invoicing puts the current total at 550 billion invoices per year. In a 2018 survey, Levvel found that 36% of invoices are submitted in paper format, which means 352 billion invoices are received electronically1, primarily in Portable Document Format (PDF). And we can safely…
What is Invoice Data Capture?
In this blog, we offer plenty of insights into the benefits that automated invoice data capture can deliver to your business. For instance, you can read about its impact on data entry costs and accounts payable (AP) efficiency. We also offer guidance in selecting the best invoice processing solution for your company. To help you use these resources to their…
Accounts Payable Efficiency (2): How to Streamline Your Invoice Processing
As we saw previously, invoice data extraction can be a time-consuming task with a high potential for creating inefficiencies throughout your company. This is especially true if your data capture process requires manual operations at any stage. Excessively long and cumbersome accounts payable (AP) tasks has internal and external impacts, from bottlenecking other departments’ projects through late payments to vendors…
Accounts Payable Efficiency (1): Invoice Data Extraction Might Be Slowing You Down
We’ve taken you through the total cost of ownership (TCO) of invoice data extraction. We highlighted the KPIs to track when evaluating your accounts payable (AP) processes, and assessed alternatives to manual data capture. Now let’s take a closer look at the key driver of TCO: time. After all, time is money; therefore, time wasted equals money wasted. The efficiency…