Liwaiwai Liwaiwai
  • /
  • Artificial Intelligence
  • Machine Learning
  • Robotics
  • Engineering
    • Architecture
    • Design
    • Software
    • Hybrid Cloud
    • Data
  • Learning
  • About
  • /
  • Artificial Intelligence
  • Machine Learning
  • Robotics
  • Engineering
    • Architecture
    • Design
    • Software
    • Hybrid Cloud
    • Data
  • Learning
  • About
Liwaiwai Liwaiwai
  • /
  • Artificial Intelligence
  • Machine Learning
  • Robotics
  • Engineering
    • Architecture
    • Design
    • Software
    • Hybrid Cloud
    • Data
  • Learning
  • About
  • Artificial Intelligence
  • Data

Unifiedpost And Google Collaborate On Document AI To Automate Procurement Data Capture

  • October 22, 2020
  • liwaiwai.com

Belgian fintech company, Unifiedpost Group has deployed Procurement DocAI to process nearly 350 million invoices and other procure-to-pay docs per year, in 15 countries across Europe.

Procurement DocAI, which was announced at Google Cloud Next OnAir, automates the capture of invoices, receipts and other procurement data at scale. It takes unstructured documents across a variety of formats and turns them into cleanly structured data, increasing operational efficiency and improving document processing accuracy.


Partner with liwaiwai.com
for your next big idea.
Let us know here.



From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.

“At Unifiedpost, we believe that administrative and financial processes should be simple and smart. Google Cloud’s Procurement DocAI solution helps us achieve that goal by providing the best in class document automation processing with high accuracy and global, multi-language support.” – Hans Leybaert, CEO, Unifiedpost Group

DocAI.gif

Large enterprise procurement and distribution networks as well as small and medium enterprises (SMEs) generate millions of invoices, receipts, and other related documents a year. These processes generate significant overhead for every procured item. With competitive pressures increasing, businesses are finding new ways to automate one of their highest volume business processes — the procurement cycle.

A key part of our strategy at Google Cloud is the creation of industry-specific solutions that address vertical needs. Cross-industry solutions like Document AI are built to plug into your existing workflows and deliver business results from AI without having to hire an army of AI experts, or manage cloud infrastructure to get there.

Procurement DocAI is one of our newest solutions, and it’s deployed by many customers and partners including Unifiedpost. The company currently serves 400k SMEs and 250+ corporations; their offering includes: documents (e.g., invoice PDF to XML conversion, e-invoicing), identity (e.g., KYC), and payments (e.g., IBAN accounts, online collection services, PSD2 payment services).

Read More  Epidemic Sound Launches AI Audio-Based Search Tool On Google Cloud

With a large, rapidly growing, and heavily multi-language footprint, Unifiedpost sought the best industry solutions to meet their automation challenges and connect their customers such as Billtobox.com or JeFacture.com. Google Cloud’s Procurement DocAI delivered two key benefits to address Unifiedpost’s business needs:

  • Lower TCO of procure-to-pay processing. Unifiedpost will be able to lower their TCO of procure-to-pay processing costs by up to 60% with Procurement DocAI. This solution provided them a cost effective approach for data extraction for invoices, receipts, and other valuable documents in the procurement cycle of procure to invoice, and invoice to pay.
  • Improve procurement document processing accuracy. Procurement DocAI also helped boost data accuracy by 250% for Unifiedpost’s document extraction through specialized DocAI parsers with advanced OCR, computer vision, and Natural Language Processing. Additionally, Unifiedpost needed rapid multi-language expansion to enable regionalization support across Europe, particularly for French and Dutch to begin with, which Google delivered in less than a month.

The collaboration between Google Cloud and Unifiedpost is just one of the latest examples of how we’re providing AI-powered functional solutions to solve business problems by leveraging our Deployed AI approach.

 

Let’s connect

For more customer stories from EMEA, check out Google Cloud Next OnAir EMEA, which has tailored content to support the needs of our customers in Europe, Middle East, and Africa, kicking off from 29 September – 27 October.

 

By Nelson Gonzalez, Product Manager

Source https://cloud.google.com/blog/products/ai-machine-learning/unifiedpost-and-google-partner-on-document-ai


For enquiries, product placements, sponsorships, and collaborations, connect with us at [email protected]. We'd love to hear from you!

Our humans need coffee too! Your support is highly appreciated, thank you!

liwaiwai.com

Related Topics
  • Cloud AI
  • Deployed AI
  • Document AI
  • Google Cloud
  • Procurement DocAI
You May Also Like
OpenAI
View Post
  • Artificial Intelligence
  • Platforms

How We Interact With Information: The New Era Of Search

  • September 28, 2023
View Post
  • Artificial Intelligence
  • Engineering
  • Machine Learning
  • Platforms

Bring AI To Looker With The Machine Learning Accelerator

  • September 28, 2023
View Post
  • Artificial Intelligence
  • Technology

Microsoft And Mercy Collaborate To Empower Clinicians To Transform Patient Care With Generative AI

  • September 27, 2023
View Post
  • Artificial Intelligence
  • Technology

NASA’s Mars Rovers Could Inspire A More Ethical Future For AI

  • September 26, 2023
View Post
  • Artificial Intelligence
  • Platforms

Oracle CloudWorld 2023: 6 Key Takeaways From The Big Annual Event

  • September 25, 2023
View Post
  • Artificial Intelligence

3 Ways AI Can Help Communities Adapt To Climate Change In Africa

  • September 25, 2023
Robotic Hand | Lights
View Post
  • Artificial Intelligence
  • Technology

Nvidia H100 Tensor Core GPUs Come To Oracle Cloud

  • September 24, 2023
View Post
  • Artificial Intelligence
  • Engineering
  • Technology

AI-Driven Tool Makes It Easy To Personalize 3D-Printable Models

  • September 22, 2023
A Field Guide To A.I.
Navigate the complexities of Artificial Intelligence and unlock new perspectives in this must-have guide.
Now available in print and ebook.

charity-water



Stay Connected!
LATEST
  • OpenAI 1
    How We Interact With Information: The New Era Of Search
    • September 28, 2023
  • 2
    Bring AI To Looker With The Machine Learning Accelerator
    • September 28, 2023
  • 3
    3 Questions: A New PhD Program From The Center For Computational Science And Engineering
    • September 28, 2023
  • 4
    Microsoft And Mercy Collaborate To Empower Clinicians To Transform Patient Care With Generative AI
    • September 27, 2023
  • 5
    NASA’s Mars Rovers Could Inspire A More Ethical Future For AI
    • September 26, 2023
  • 6
    Oracle CloudWorld 2023: 6 Key Takeaways From The Big Annual Event
    • September 25, 2023
  • 7
    3 Ways AI Can Help Communities Adapt To Climate Change In Africa
    • September 25, 2023
  • Robotic Hand | Lights 8
    Nvidia H100 Tensor Core GPUs Come To Oracle Cloud
    • September 24, 2023
  • 9
    AI-Driven Tool Makes It Easy To Personalize 3D-Printable Models
    • September 22, 2023
  • 10
    Huawei: Advancing a Flourishing AI Ecosystem Together
    • September 22, 2023

about
About
Hello World!

We are liwaiwai.com. Created by programmers for programmers.

Our site aims to provide materials, guides, programming how-tos, and resources relating to artificial intelligence, machine learning and the likes.

We would like to hear from you.

If you have any questions, enquiries or would like to sponsor content, kindly reach out to us at:

[email protected]

Live long & prosper!
Most Popular
  • Coffee | Laptop | Notebook | Work 1
    First HP Work Relationship Index Shows Majority of People Worldwide Have an Unhealthy Relationship with Work
    • September 20, 2023
  • 2
    Huawei Connect 2023: Accelerating Intelligence For Shared Success
    • September 20, 2023
  • 3
    Applying Generative AI To Product Design With BigQuery DataFrames
    • September 21, 2023
  • 4
    Combining AI With A Trusted Data Approach On IBM Power To Fuel Business Outcomes
    • September 21, 2023
  • Microsoft and Adobe 5
    Microsoft And Adobe Partner To Deliver Cost Savings And Business Benefits
    • September 21, 2023
  • /
  • Artificial Intelligence
  • Explore
  • About
  • Contact Us

Input your search keywords and press Enter.