“Accounting and finance leaders seeking to drive digital transformation and reduce invoice processing headaches can benefit from Semantik Invoice and our new Semantik Workflow solution providing secure, scalable and cost-effective integrations,” said Ike Kavas, founder and CEO of Ephesoft.
IRVINE, Calif. (PRWEB) March 02, 2021
Ephesoft, Inc., a leader in intelligent document processing (IDP) automation and data enrichment solutions, today announced new capabilities for its Semantik Invoice solution to further accelerate accounts payable (AP) digital transformation.
The new iPaaS solution, Semantik Workflow powered by Workato, provides instant integrations into hundreds of leading business systems and enables fully automated, end-to-end workflows that can be set-up quickly with no coding required, delivering ROI from day one.
“Accounting and finance leaders seeking to drive digital transformation and reduce invoice processing headaches can benefit from Semantik Invoice and our new Semantik Workflow solution providing secure, scalable and cost-effective integrations,” said Ike Kavas, founder and CEO of Ephesoft. “Where other solutions require time-consuming, custom integration and set-up processes, Semantik Workflow users can start seeing immediate ROI with the click of a button.”
Ephesoft Semantik Invoice is a turnkey cloud, intelligent invoice processing solution that captures and extracts critical data from any invoice format with 97% accuracy over time. Ephesoft’s proprietary AI-powered technology automatically recognizes and extracts key fields such as invoice date, terms, ship date, tax rate, tax IDs, overall amount due and PO number, eliminating the need for manual data entry and turning unstructured data into structured data in record time. Using the new workflow capability, this invoice data can then be enhanced and securely shared across systems and departments.
With Semantik Workflow, the implementation of integrated workflows across various lines of business processes becomes accessible and easy to implement for organizations both small and large processing from 5,000 to millions of invoice pages annually. Semantik Invoice can be connected to both cloud and on-premises ERP, ECM and CRM systems such as Alfresco, Box, Microsoft Dynamics, QuickBooks Online, Oracle NetSuite, Salesforce, Workday, etc., within minutes and does not require technical expertise leading to significant cost savings, flexibility and accelerated time-to-value.
Semantik Workflow is cloud-based and includes security features such as role-based access control, data masking, retention settings and key rotation to protect an organization’s data while in flight. Semantik Workflow is an optional Semantik Invoice feature; the pricing is based on the number of connections. For more information or to start a free trial, visit https://ephesoft.com/products/semantik-invoice/ or visit us on Workato’s platform here.
Ephesoft provides intelligent document processing solutions with industry-leading technology to help enterprises maximize their productivity. Using AI and patented machine learning technology, Ephesoft’s platform captures data from documents, enriches it with context and amplifies the power of that data, adding intelligence to accelerate any business process and drive successful digital transformation. Thousands of customers worldwide use Ephesoft to save costs, improve accuracy and fuel their journey towards the autonomous enterprise. Ephesoft is headquartered in Irvine, Calif., with regional offices throughout the US, EMEA and Asia Pacific. To learn more, visit ephesoft.com.