Can Invoice Data Extraction be Automated in Insurance

Automating Invoice Data Extraction in Insurance

Tackling a Wide Array of Invoices? Prioritize Accuracy without Compromising Speed

When dealing with invoices of all shapes and sizes, whether you are handling accounts payable, healthcare, or logistics, old-school ways of handling invoices are cumbersome, frustrating to use, and prone to mistakes.

The Challenge of High-Variety Invoices

Teams often grapple with lots of invoices, each with its unique structure and data format. This diversity introduces significant challenges, from manual data entry errors to delayed processing times. These bottlenecks hinder efficiency, create inconsistencies, and may lead to costly mistakes. While many technology solutions are available to address invoices, many of them cannot get the job done when the variety of formats increases.

Introducing SortSpoke

SortSpoke’s IDP technology provides an opportunity for teams seeking to conquer the high-variety invoice processing challenge. By combining your teams' expertise and SortSpoke’s machine learning capabilities, you can augment the extraction of crucial invoice information. This includes basic invoice details and, more importantly, the essential line item information in tables that span from one to hundreds of pages.

The Advantages of SortSpoke for Invoices

Handle any format

SortSpoke makes it easy to process the variety of your documents, especially when the complexity of formats of line items is high. Not only is it easy to use, it’s easy to set up and get running because your team of invoice experts powers it.

Maintain the highest accuracy

We all make mistakes when typing; no matter how dedicated your team is, mistakes happen. With SortSpoke, you can give your team the best chance to get the most accurate data from every document without feeling like hard work.

Improve your workflow

By augmenting your team on the most challenging step in the process, extracting the data out of the invoices, you unlock the opportunity to increase the automation of your workflow. By smoothing out the roughest spot in the process, you can now look to make it even better than ever.

Boost team morale

Your team doesn’t love doing manual data entry. It’s no fun. Your human experts are your greatest asset, and SortSpoke helps them spend more time on fulfilling work instead of tedious data entry work.

Embracing the Variety

Incorporating SortSpoke's IDP technology into operations marks a strategic step forward. By augmenting the extraction of data from high-variety invoices, businesses can streamline their processes, maintain data accuracy, and improve the day-to-day life of their teams, who can now focus their time on tasks that truly require their expertise.

SortSpoke empowers teams working with invoices to:

Accelerate invoice processing, saving time and resources.
Mitigate the risk of manual data entry errors.
Enhance workflows and provide opportunities for additional automation.
Give your experts relief from the mundane and more time to focus on critical tasks.

Investing in Your Greatest Asset

Your team members are your greatest asset. SortSpoke puts easy-to-use AI in the hands of your experts and gives them the power to handle even the most complex invoices without breaking a sweat.

Over the years, we’ve helped teams process invoices of all shapes and sizes, and we can do the same for you.

To see how contact us today.