Remember when you had to stand in long lines at the store, waiting for a cashier to check out your items? Or think back to when factories relied entirely on human hands to assemble products, one piece at a time. Fast forward to today, and self-checkout machines have made waiting in line a thing of the past, while robots on assembly lines are handling repetitive tasks with speed and precision.

For the past ten years, Astera has been serving enterprise customers to extract, integrate, and store data. Our solution has been trusted to handle large volumes of data with complicated needs. So what is it exactly that makes Astera the right choice for these enterprises?

Logistics industry has to deal with data from multiple sources including bills of lading, customs declaration forms, proofs of delivery, and others. Then they have to ensure the data is prepped, extracted, parsed, converted to the right format and then analyzed. Given how important logistics is in today’s market, it is no wonder that McKinsey Global Supply Chain Leader Survey 2024 reported 74% of respondents were interested in advanced digital and AI-based tools for planning and scheduling.

Accounts payable (AP) automation is on the rise as finance teams are realizing the benefits of AP automation solutions currently on the market. Teams that achieve partial automation in their AP processes are seeing considerable benefits in terms of time, cost, and efficiency. With vendors now integrating AI technologies into their software solutions, the potential AP automation benefits promise to change the face of accounts payable altogether.

Businesses across various sectors want to leverage AI to increase efficiency, reduce cost, enhance customer experience, or do all that in one go. The mortgage industry is feeling it, too, thanks to the several potential areas where AI technologies can impact. For instance, AI can help mortgage lenders by: In fact, according to a Fannie Mae survey, mortgage lenders believe compliance, underwriting, and property valuation are all ripe for AI integration.

Documentation forms an integral part of operations in almost every industry. Take logistics and transportation, for example, where companies process hundreds of thousands of documents daily to keep the goods in motion and the supply chain functional. So, what are logistics companies doing to handle such a vast number of documents? More importantly, how can they use the intelligent document processing (IDP) technology to manage their documents and extract the data they need?