CampTek Software creates solution for streamlining invoice data

CampTek Software, a provider of Robotic Process Automation (RPA) solutions, is releasing its AI and ML cloud- based InvoiceBot Solution.

InvoiceBot extracts meaningful data from an invoice, with 100% accuracy regardless of its structure or format. Once it has this data, InvoiceBot will take the data and enter it into any software application.  InvoiceBot combines the most reliable and robust approaches to effectively process invoices.

"The InvoiceBot is a complete solution, it can recognize any invoice and input it into any application.  In these times, we believe that it's important for organizations to achieve "Day One Value" for any expenditure made and InvoiceBot is just that," said Peter Camp, CTO and founder of CampTek Software.

InvoiceBot performs the following tasks:

• Extracts all meaningful data from an invoice
• Automatically processes invoices regardless of format
• Allows the user to review invoices before submission
• Becomes smarter with each invoice processed
• Inputs data into ANY application

Key Benefits of the solution include:

• Flexible Pricing Options: Per invoice or a yearly flat fee
• Uses best of breed technology from UiPath and ABBYY FlexiCapture to ensure reliability and scalability
• Speeds up invoice processing time while handling both structured and unstructured data with minimal intervention
• Lowers manual effort and inefficiencies by rules-based architecture using AI/ML to read and learn invoices
• The solution can work in any environment and reduces error rates close to 0%
• The cloud-based solution speeds up the time to build and deploy the solution

For more information about this release, visit www.campteksoftware.com.