Automated Document Processing: 5 Examples and Key Benefits
Automated document processing, also known as intelligent document processing (IDP), uses artificial intelligence and machine learning to reduce the manual effort required to extract data from paper or digital documents. Why is that vital? As organizations continue to modernize in their workflows, enterprises still need to grapple with enormous volumes of documents, such as invoices, receipts, and contracts. Manual data entry and rekeying of document data creates an operational bottleneck.