Taulia partners with Google
Working capital solutions provider, Taulia (https://taulia.com) is partnering with Google Cloud to launch Cognitive Invoicing, a new AI-powered invoicing solution that enables businesses to successfully process invoices in any file format from their suppliers.
Cognitive Invoicing (https://taulia.com/cognitive-invoicing) leverages the optical character recognition (OCR) capabilities of Google Cloud’s Document Understanding AI to read and interpret unstructured supplier invoice data in Taulia’s global invoicing platform.
Exceptions are easily handled on a collaborative basis – in the cloud – with the ability for corrections to be made by either party. This delivers an automated end-to-end invoicing process for buyers and suppliers.
Eliminating manual entry results in a reduction of processing costs, and with the ability to process and approve invoices faster means businesses and their suppliers gain a greater opportunity to access early payments to improve their liquidity.
“Using AI we have finally cracked the intractable invoice processing issues that many businesses face. We are now able to fully realize our vision of enabling buyers and suppliers to freely exchange information,” says Brady Cale, CTO of Taulia. “The faster an invoice can be processed, the sooner it can be leveraged within the company’s working capital strategy, thereby bringing more opportunities for companies to free up cash. It’s a complete game changer for Finance teams.”
“Enterprises are looking for easy, scalable solutions to extract deep insights from their unstructured content and documents,” said Pallab Deb, Head of ML Tech Partners at Google. “We are thrilled to offer Document Understanding AI in collaboration with partners like Taulia to enable our customers to unlock valuable insights from their documents.”