AUTOMATED INVOICE PROCESSING USING AI
Faster, Better, Cheaper
Financial Institutions deal with significant manual efforts in processing invoices despite investing in automated tools and processes. We eliminate this manual effort by leveraging AI.
Magic DeepSight™ automatically extracts expense items from a variety of sources of invoices, understands complex expense allocation rules and integrates seamlessly with expense management platforms.
INVOICE MANAGEMENT PROCESSES DEFINED WITH DEEPSIGHTTM
BENEFITS
Reduce revenue loss that occurs from missed and misallocated expenses
Save costs of manual data entry
Save up to 25,000 hours of rework, fixing mistakes caused by human errors.
Faster expense allocation for more accurate fund valuation
Enhance benefits of existing investment in expense management system
Higher employee engagement
what our clients say
“The product is streamlined, the extracted data is reliable, and the documentation is clear. Their approach of integrated accelerators is suitable since we have several internal business applications across multiple workflows. We are looking forward to using their services over the years”
Senior Partner, $14.3Bn New York fund manager
TECHNOLOGIES USED
Optical Character Recognition
Natural Language Processing
Artificial
Intelligence
Robotic Process Automation
Machine
Learning
Case Studies
End-to-End Integration Testing for a Leading Buy-Side Firm
API Automation for a Leading Global FinTech
Cloud Transformation of Legacy Database
QA Automation
Production Support Services
- Global Support Coverage | 24*7 Support | Data Management
SEC EDGAR and DeepSightTM
- Automated Data Extraction | SEC EDGAR
Latest Blogs
Ruchi Aggarwal
February 1, 2023
Data and AI supercharging Super Bowl Season 2023 and Fintechs!
The season for football is not over yet. Though FIFA World Cup Football 2022 has
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Rakesh Chandra Sirswal
January 3, 2023
Challenges in SFDR disclosures as Regulators get tough on Greenwashing
On May 2022, the offices of the Asset Management Company DWS and its majority owner
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Ruchi Aggarwal
December 30, 2022
If 2022 was a Roller Coaster, 2023 is the Hangover!
Now that we are entering 2023, and the 2022 roller coaster has officially ended, it
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Ruchi Aggarwal
December 8, 2022
Santa Ponders on Shelving Naughty Elves for Performance, Quality, and Missed Deadlines as Christmas Nears
Santa Claus and Mrs. Claus are in a quandary. Up at the North Pole where
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Ruchi Aggarwal
December 8, 2022
Technical Debt Black Hole! Avoiding the Trap!
“The second vice is lying, and the first is running in debt.” Benjamin Franklin, The
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Aradhana Khanna
November 29, 2022
Money is changing form but FIs are inundated with paper! Another reason why you need Automation and DeepSightTM
Money is changing form! In the UK, it has almost been a month since paper
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Ruchi Aggarwal
November 28, 2022
Data Consolidation Simplified with DCAM & Data Control Environment
In the good old days, an organization’s ability to close its books in time at
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PS Srivatsan
November 22, 2022
Smart Testing – More Quality with Less Testing
In the competitive world that we are living in today, organizations set high expectations to
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Ruchi Aggarwal
November 18, 2022
Environmental Testing: Minimizing Disruption & Downtime
Today we are in the midst of an app economy aided by the rise of
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Ruchi Aggarwal
November 1, 2022
AI, ML, Cloud, Data and Automation: Magic FinServ's Thanksgiving Menu Spread for FinTechs and FIs
On the 24th of November, Americans would be partaking in the traditional thanksgiving dinner of
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Ruchi Aggarwal
October 13, 2022
Halloween
Trick or Treat! How FinTechs and FIs can overcome their biggest fears as Halloween nears?
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PS Srivatsan
August 23, 2022
Risk-Based Testing – Evaluating Risk Testing Practices in the Current World
QA teams are struggling to maintain the balance between Time to Market and First Time
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