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Kanverse.ai AP Invoice Automation

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Kanverse.ai AP Invoice Automation

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Product Overview.

Kanverse – Bring AI-Powered Intelligence to your Oracle ERP Systems

Kanverse Intelligent Document Processing (IDP) reduces document processing cycle time from hours to seconds, optimizes operations cost and turbocharges productivity by freeing up staff from repetitive and manual tasks. Automatically ingest, extract, validate, and publish data with up to 99.5% processing accuracy with Kanverse IDP.

Built upon a SaaS based Cognitive Automation platform, Kanverse IDP brings together Cognitive computing and Automation in a standalone product to deliver zero touch experience and unprecedented benefits to customers.

IDP Uses 7 Powerful Technologies: Computer Vision ,Natural Language Processing, Machine Learning, Fuzzy Logic, Optical Character Recognition, Business Rules, Workflows

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About the Company.

Kanverse is a Cognitive Automation Platform that can support various use cases across the enterprise to remove bottlenecks, streamline business processes, and minimize manual touchpoints across business workflows. The Kanverse system of intelligence provides a decisioning and analytics engine, conversational and programmatic interface, and out-of-the-box connectors for interfacing with users, and a system of records where enterprise data is maintained. Their global headquarter is in San Jose, California, with offices across Philadelphia and Los Angeles in the U.S.

Kanverse has a technology alliance with UiPath to enable customers to utilize and deploy its AI-powered document processing product across business processes.

Kanverse intelligent document processing (IDP) digitizes document processing for enterprises from ingestion, classification, extraction, validation to filing. It handles a plethora of documents, namely Invoices, Purchase Orders, Quotations, and the like. The entire process is powered by Artificial Intelligence (AI) and advanced machine learning (ML) algorithms to make business processes more resilient to disruptions, optimize cost, minimize human error, and help mitigate risks.

Integration benefits- Accelerate business document processes – Invoice, PO, receipt, claims, orders, and communications by eliminating costly and time-consuming manual actions.

Achieve goals with process intelligence – Extend RPA use cases across business processes plagued by manual document processing. Gain holistic process intelligence and achieve digital transformation goals.

Ensure compliance – Build a brigade of compliance robots to meet end-to-end compliance and security requirements.

Other Products.

Kanverse.ai is one singular product. The product offers each of the following for your convenience:

Multichannel and Multilanguage document import: Import documents from your preferred choice of channels and handle documents in multiple languages for processing.

AI-powered auto-classification: Identify and classify documents of interest and other supporting documents and process only the required documents and pass the others through to the system of records.

Highly accurate extraction of up to 99.5%: Recognize and extract the header, line-item data, and data from tables based on business needs using AI-powered OCR. Ingestion of single, multi-invoice documents and in pdf, image form. Automatically extract data and process multiple invoices from a single document.

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