Vancouver’s Beanworks is representing Canada at the Startup World Cup 2021 Grand Finale this May in San Francisco, competing alongside 60+ startups from all over the world for an opportunity to win a USD $1 million investment prize.
Today the accounts payable (AP) automation leader announced the introduction of artificial intelligence (AI) to its data capture functionality, radically increasing the speed and accuracy of customers’ data entry.
Beanworks’ new SmartCapture offering delivers 99%+ accuracy, while enabling the completion of AP processes in just minutes. Combined with Beanworks’ existing SmartCoding technology, which enables an invoice to be coded with just one click, SmartCapture reduces the time accounting teams spend on data entry by more than 80%.
Through AI, with every invoice, Beanworks customers’ systems will become more intelligent, learning not only how to interpret AP documents but also how to code them, which saves accountants time for other, more strategic, tasks.
“Beanworks is committed to driving innovation and offering our customers the most accurate, efficient and delightful user experiences possible,” says Catherine Dahl, co-founder and CEO, Beanworks. “We are thrilled to unveil this artificial intelligence integration to further streamline our customers’ accounting workflows.”