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Discover a robust AI tool for invoice and receipt processing, designed to automate workflows with precision and speed. Optimize your accounting with Intelgic's advanced data extraction and validation capabilities today

Discover a robust AI tool for invoice and receipt processing, designed to automate workflows with precision and speed. Optimize your accounting with Intelgic's advanced data extraction and validation capabilities today

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Updated on November 23, 2024 (1 month ago)
TL;DR

Transforming Invoice Processing with Intelgic: The Future of Automation

TL;DR

Transforming invoice processing has never been more accessible with Intelgic. This innovative tool offers 99% accuracy in data extraction, 20X efficient AP teams, and seamless integration with existing accounting systems, making it an essential choice for businesses seeking to streamline their accounts payable processes. Discover how Intelgic can transform your approach to invoice processing with cutting-edge features like advanced AI, natural language processing, and robust robotic process automation. By leveraging Intelgic’s invoice parsing AI, you can automate the entire AP process from sourcing invoices to data validation, ensuring high accuracy and efficiency. Whether you need to process invoices with multiple pages or handle exceptions, Intelgic’s AI model learns from corrections, improving its accuracy over time. With its user-friendly interface and extensive API integrations, Intelgic is poised to revolutionize the way you manage invoices, receipts, and other documents, making it a must-have for any business looking to optimize its financial operations.

Publish Date

2023-03-26

Platforms

Transforming Accounts Payable with Intelgic's Advanced AI Solutions

At the heart of Intelgic lies a powerful suite of features designed to revolutionize accounts payable (AP) workflows. This cutting-edge tool offers a comprehensive solution that streamlines processes, enhances productivity, and empowers users to achieve outstanding results in AP automation. One of the standout aspects of Intelgic is its advanced AI capabilities, which seamlessly extract data from invoices and receipts with 88% accuracy. This not only simplifies the AP process but also ensures the accuracy and completeness of extracted information. With its intuitive interface and robust integration capabilities, Intelgic makes it easy to source invoices from emails, folders, or other outside systems, automate data extraction, and validate data with post-processing rules. To provide a more in-depth understanding, here are 8 key features that make Intelgic an indispensable asset for businesses looking to optimize their AP processes:

Efficient Invoice Processing

Intelgic's AI model can process invoices in under 60 seconds with 99% accuracy, significantly enhancing the efficiency of accounts payable (AP) teams.

End-to-End AP Automation

The platform offers comprehensive AP automation solutions, integrating invoice sourcing, data extraction, and validation with existing accounting systems.

Advanced Data Extraction

The AI model extracts data from invoices, including PDFs, scanned images, and handwritten documents, ensuring high accuracy and minimizing manual errors.

Document AI Dashboard

Users have access to a user-friendly document AI dashboard for managing invoices and other documents, facilitating easy data validation and approval.

Real-Time Processing

Intelgic allows users to process multiple invoices simultaneously, with the option to upload up to 20 invoices at once and integrate APIs for real-time processing.

Continuous Improvement

The AI model continuously learns from corrections, improving its accuracy over time and reaching almost 100% perfection in data extraction.

Integration with ERP Systems

The platform seamlessly integrates with existing ERP or accounting systems, ensuring that extracted data is automatically populated into these systems.

Robust Security Measures

Intelgic stores only necessary data for AI model improvement and ensures high security by storing data in compliance with international guidelines on a highly secured cloud server.

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Pros
  • High accuracy in data extraction (99%)
  • Efficient AP team automation (10X efficiency)
  • Integration with various accounting systems like QuickBooks Online, SAP Cloud Platform, and Xero
  • User-friendly document AI dashboard for data validation and approval
  • Robust RPA tool for automating repetitive tasks without human intervention
Cons
  • Limited API access for non-premium plans
  • Need to purchase separate AI models for each document classification
  • Potential data storage concerns if not fully compliant with international guidelines
  • Learning curve for integrating with existing systems
  • Dependence on internet connection for real-time processing

Pricing

Intelgic has a simple and straightforward pricing model with a free tier for learning how to automate. The starter plan is $89/month for small businesses, the pro plan is $350/month with consumption-based pricing, and the enterprise plan is for scale-up automation with custom pricing. Each plan includes unlimited hosts, parallel workspaces, and bots, with varying limits on bot publish limits and orchestrator users. The free trial includes all features with 250 credits for the Doc Dog platform. The AI model requires separate credits for each document classification/category, with 1 credit deducted per page processed.

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TL;DR

Because you have little time, here's the mega short summary of this tool.

Intelgic is an AI tool that excels in automated document processing and invoice handling, offering high accuracy and efficiency through its robust RPA and Document AI capabilities, integrating seamlessly with existing systems for end-to-end AP automation.

FAQ

What is Intelgic, and what does it offer?

Intelgic is a Robotic Process Automation (RPA) tool that automates repetitive, rule-based, and mundane tasks. It focuses on simplicity, accuracy, and flexibility, using AI to extract data from documents like invoices and receipts. The tool integrates with various systems, including ERP and accounting software, to streamline workflows and enhance data accuracy.

How does Intelgic handle document processing?

Intelgic's Doc Dog platform uses AI to process documents at scale. It can extract data from PDFs, scanned documents, and images with high accuracy, even from tilted or handwritten documents. The platform allows for manual upload and automated processing, ensuring data integrity and efficiency in document management.

What are the benefits of using Intelgic for invoice processing?

Intelgic's AI model for invoice processing offers 99% accuracy in data extraction, making it 20X more efficient for Accounts Payable teams. The tool integrates seamlessly with accounting systems, automates data capture, and learns from corrections to improve accuracy over time. This reduces manual processing time and ensures accurate financial data management.

Can Intelgic handle large volumes of documents?

Yes, Intelgic can process hundreds of thousands of documents per month. The tool's AI model is trained on large datasets and can handle diverse document types, including PDFs, scanned images, and handwritten documents. This scalability makes it suitable for businesses with high document volumes.

How secure is Intelgic's data handling?

Intelgic ensures the security of data by storing only the necessary information for AI model improvement. All data is stored in a highly secured cloud server, compliant with international guidelines. The platform also provides minimal user information for billing and accounting purposes, ensuring confidentiality and integrity of user data.

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