Automation has helped countless businesses enjoy improved scalability, accuracy, and efficiency. However, traditional automation is known for its complexity. Setting up automation workflows often requires extensive coding knowledge, advanced technical skills, and a deep understanding of underlying systems. This makes it challenging for non-technical users to independently implement and maintain automation solutions.

The market for artificial intelligence (AI) stood at $184 billion in 2024 and is expected to more than quadruple in the next six years. While these expectations are astonishing, AI experts think they’re conservative, to say the least, and the actual market value would be considerably bigger. Large language models (LLMs) like GPT 3 have ushered in the age of AI. They’re finding applications as varied as complex scientific research and writing lyrics for rap battles.

The term “artificial intelligence” was first coined by James McCarthy in 1955. In less than 70 years since then, AI has gone from being a scientific concept to a fact of life.

Invoice scanning is a crucial step in managing the accounts payable (AP) process for any business. You may think that invoice scanning is no longer required if invoices are received electronically. However, according to Bottomline’s The State of ePayables report, more than a staggering 48% of invoices are received in paper format. In other words, paper invoices are still very much a part of modern accounts payable, and so is invoice scanning.

Invoice management is an important task regardless of the size of your business, but it can quickly become overwhelming due to the sheer volume of invoices, varying formats, and the need for accurate tracking and timely payments. Manual processes with paper invoices are time-consuming, often leading to errors, delays, and difficulty in maintaining organized records. However, with the right invoice processing software, you can streamline invoice management, saving time and reducing errors.

This year generative AI led to more disruption and innovation than ever before. Investment in AI research is expected to cross the $200 billion mark next year. The figure stood at $92 billion in 2022. AI has changed the world as we know it in 2024. This is true of how our relationship with AI has changed this year. We adopted it into our solutions through Astera Intelligence. But Astera Intelligence is just the tip of the iceberg of the things we accomplished this year…

Invoice scanning software is a tool that helps businesses process invoices quickly and accurately by digitizing and extracting critical information from them. It uses technologies like optical character recognition (OCR) to read invoice details such as vendor names, dates, amounts, and line items. This software is especially useful for accounts payable teams and businesses that deal with a high volume of invoices, making their financial processes faster and more reliable.

Businesses send and receive several invoices and payment receipts in digital formats, such as scanned PDFs, text documents, or Excel files. While digital formats have allowed workplaces to transition to a paperless environment, they have introduced a new challenge for business analysts: extracting the data from invoices and using it to draw relevant insights.

Everyone wants the same thing: To work less and profit more. But not everybody knows how to achieve those things. At Astera, we’re pretty sure we’ve cracked the code, and you might be surprised to learn that it starts with how you process your documents.

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?