App Academy - MakersHub
Many accounting professionals struggle with the time-consuming and error-prone task of managing accounts payable (AP). If you missed our recent App Academy webinar, MakersHub presented how their innovative solution can revolutionize this critical process.
Traditionally, accounts payable departments have relied on manual data entry and legacy OCR (Optical Character Recognition) software to process invoices. These methods are often inaccurate and inflexible, especially when dealing with invoices that have complex layouts, handwritten notes, or include multiple bills in a single file. The resulting errors and wasted time can significantly impact a company's efficiency and bottom line.
MakersHub offers a powerful alternative. Their platform leverages advanced artificial intelligence (AI) and large language models to deliver superior data extraction capabilities. Unlike legacy OCR, MakersHub can handle the complexities of modern invoices with ease.
Here's how MakersHub can transform your AP workflow:
- Effortless Data Extraction: MakersHub tackles invoices with varying layouts and structures, automatically extracting data from text, tables, and even handwritten notes. No more struggling to decipher complex formats or re-typing information by hand.
- Streamlined Multi-Invoice Processing: Processing emails with multiple invoices attached is no longer a hassle. MakersHub intelligently separates and extracts data from each bill individually, saving you significant time and effort.
- Reduced Errors and Increased Accuracy: MakersHub's AI-powered extraction minimizes errors and ensures data accuracy. This translates into fewer headaches, improved financial reporting, and better control over your company's finances.
The benefits of using MakersHub extend far beyond just data extraction. The platform boasts a user-friendly interface that allows you to easily identify and correct any discrepancies in the extracted data. It can also automatically calculate and apply discounts or missing charges, further streamlining your AP workflow.
Perhaps most importantly, MakersHub integrates seamlessly with popular accounting software like QuickBooks. This eliminates the need for manual data entry across multiple systems, saving you even more time and ensuring a smooth and efficient accounting process.
Intrigued by the potential of MakersHub to revolutionize your accounts payable department? The App Academy webinar offered a valuable glimpse into the platform's capabilities. If you missed the live session, don't worry! The recording is available for on-demand viewing. In addition, MakersHub's website offers a wealth of information and resources to help you learn more about this innovative solution.
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