In the wake of COVID-19, there was a major shift in the adoption of Paperless technologies and the way they were utilized for Corporate Finance and Accounting (F&A). COVID-19 provided a sense of urgency towards the digitization of paper assets, and it also forced organizations to rethink how they were automating and processing their newly digitized content.
This report will first outline the definitions of the most common digitizing technology, OCR and Intelligent Document Processing (IDP) and its traditional applications in Accounting. It will then cover current pain points in invoice processing and pose more customer-centric opportunities for paperless technologies.
Finally, this report will provide two case studies on organizations that have utilized this customer-centric approach. It will detail the business value seen by the senior leadership and the overall impact on F&A.
Download PDF Attachment