Robotics & AI, Management & Digitalisation
Revolutionizing the Processing Documents Using AI
ETH spin-off achieves technical breakthrough: revolutionizing the processing of incoming documents through AI and automatic matching with ERP data
Capturing invoices, checking shipping statements, reconciling order confirmations: repetitive tasks like these take away much-needed attention from more vital tasks. It’s time-consuming and cost-intensive. At BLP Digital find this boring, tedious and repetitive work unnecessary, not value-adding and robbing employees of a lot of precious time. That’s why we’ve developed software that uses artificial intelligence to relieve employees of this work. Our intelligent algorithms can not only read the extracted data from documents, but also understand the content line by line, word by word, number by number. Based on groundbreaking ETH research, we taught our AI to go so deep into document recognition that it is even capable of recognizing every single table position and matching it with the corresponding ERP data. Consequently, our AI combines two workflow steps: The software extracts all information from customer and supplier documents and matches them with the ERP system. If everything is correct, no human needs to waste any time. In case of discrepancies, the AI involves the right person for a check. That is why we guarantee to automate up to 70% of the end-to-end business process.
Tim Beck is CEO and co-founder of BLP Digital. At BLP, Tim supports manufacturing companies to automatically match incoming documents with ERP data and with it automate entire business processes. Prior to BLP, he studied aerospace and worked with international clients for the consulting firm PwC Strategy.