Digital transformation isn’t as easy, or simple, as turning a switch that’s “off,” “on.” Rather, it’s a series of interlinked and ideally compounding process modernizations. Digital transformation takes time. And within the engine of progress, optical character recognition (OCR) is proving to be a key...
Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of its kind in the U.K., will use AI to streamline processing and compliance checking for trade finance documentation. The effort...
Zone & Co has acquired Staria’s accounts payable (AP) automation solution, Staria Flow. This acquisition will add enterprise optical character recognition (OCR) capabilities to Zone’s procure-to-pay solution, the companies said in a Thursday (July 11) press release. It follows Zone’s acquisitions of financial reporting solution provider Solution 7...
Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat — were trained on Alibaba Cloud’s large language model Qwen-7B and offer improved image recognition and understanding performance compared to...
September 26, 2024
Global trade, at its heart, is about receivables. One company owes another for the goods or services it has purchased. While that may sound simple enough, businesses engaged in international trade contend with a range of factors, from geopolitical risks to environmental hazards, that can disrupt supply chains, delay payments and trap valuable working capital. […]
September 28, 2022
Even amid the great digital shift and the overall trend of invoice automation, companies — specifically accounts payable (AP) teams — are suffering from PDF fatigue. Routable CEO Omri Mor...
December 15, 2020
The pandemic has left vendors struggling and more concerned than ever that they receive their funds without delay. Buyers, too, are eager for change and need to adopt accounts payable...
September 03, 2024
Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of its kind in the U.K., will use AI to streamline processing and compliance checking for trade finance documentation. The effort will use Cleareye.ai’s ClearTrade technology and is set to be […]
July 11, 2024
Zone & Co has acquired Staria’s accounts payable (AP) automation solution, Staria Flow. This acquisition will add enterprise optical character recognition (OCR) capabilities to Zone’s procure-to-pay solution, the companies said in...
August 25, 2023
Alibaba Cloud has unveiled two open-source artificial intelligence (AI) models that have the ability to understand both images and text. These models — Qwen-VL and Qwen-VL-Chat — were trained on Alibaba...
July 30, 2023
Security researchers have reportedly discovered malware that steals user data via optical character recognition. This malware, known as CherryBlos and uncovered by security firm Trend Micro, has been embedded into at...
