Basware Launches SmartPDF With Self-Validation To Automate Exception Invoices For Finance Teams
Basware's SmartPDF was first launched in 2018 and enhanced with AI technology in 2020. SmartPDF uses an intelligent algorithm and AI technology to determine an invoice layout, whether machine-readable or an image PDF. It extracts high-quality data with over 97% accuracy, zero delays and converts the data into a real e-invoice. Then SmartPDF delivers the e-invoice to a company's AP or ERP system, providing better data input and higher automation as well as continuous improvement to AP processes. Now, with SmartPDF self-validation, even exception invoices can be addressed, corrected and automated Basware's AI technology, which becomes better informed over time and trained to recognize exception invoices and process them automatically. By eliminating the need for manual intervention of exception invoices, Basware is further reinforcing its mission to create a touchless invoice processing future and true AP automation.