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AI in Accounting: Are You Average or Best-in-Class?

Are you average or best-in-class? Most accounts payable (AP) departments are still struggling with invoice processing and over 50% of them say they are challenged with processing invoices efficiently. With the average cost of processing an invoice at just over $10, there has to be a better way.

Join us for a thought-provoking webinar that will have you questioning and strategizing how to improve your current accounts payable processes. Armed with benchmark data and customer feedback, Stephen Boals, SVP Strategy & Evangelism at Ephesoft explores how companies of any size can either settle for being average or easily transform their approach with automation to become a “best-in-class” AP department by leveraging cutting-edge cloud computing and artificial intelligence.

In this webinar, you will learn:
-The 4 key metrics that AP departments can measure and use as a benchmark for improvement
- Benchmarking statistics that compare “average” vs. “best-in-class” departments
- Next steps for accounting teams to future-proof their processes
Recorded May 19 2021 19 mins
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Presented by
Stephen Boals, SVP Strategy and Evangelism at Ephesoft
Presentation preview: AI in Accounting: Are You Average or Best-in-Class?

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  • AP Games: How One Grocery Giant Wins with Invoice Processing Automation Jul 21 2021 5:00 pm UTC 38 mins
    Industry Experts from Ephesoft, Hexaware and SpartanNash
    SpartanNash, a Fortune 400 company and the fifth largest food distributor in the United States, reveals its journey to modernize their accounts payable and accounts receivable departments. With such a vast distribution network, invoice processing was a challenging, complex, manual process before Hexaware implemented an intelligent process automation solution for the grocery giant, powered by Ephesoft Transact.

    On this dynamic panel, Hexaware and Ephesoft bring SpartanNash to the table to discuss the process of digitally transforming their accounting department. SpartanNash’s Director of IT Applications, Anila Bukhari, will talk about the challenges of accounting process transformation for an organization that grows through acquisitions. Hexaware’s Principal Consultant Chandrasekar Ramaswamy will provide industry expertise for organizations taking on AP automation initiatives, and Ephesoft’s Director of Business Development Brandyn Campbell shares insights in the role intelligent capture plays for a successful digital transformation project.
  • Are You Fast Enough for Your Customers? AI & Tech Expectations in 2021 Recorded: Jun 10 2021 21 mins
    Stephen Boals, SVP Strategy and Evangelism, Ephesoft | Keith O’Brien, Industry Specialist - Financial Services, Ephesoft
    As we gain momentum in 2021, COVID-19 and uncertainty have set the stage for economic disruption and a new age of digital service for the banking, financial services and insurance (BFSI) industry. Slow service, bottlenecks in customer applications and inefficiency can lead to lost customers during initial onboarding and processing. BFSI organizations must improve their customer engagement processes to meet customer expectations, increase customer lifecycle terms and maintain compliance with KYC and AML regulations. This speed of service requires an extensive digital mindset and cutting-edge AI technology.

    In fact, a recent survey estimates that only half of banking, financial services and insurance (BFSI) institutions have accelerated their digital transformation or plan to invest in new IT to drive efficiencies (2021 Financial Services Outlook, Deloitte). The real threat is for organizations to do nothing, and expect to survive the turmoil.

    Join us for a dynamic panel discussion to explore how leading banking, financial services and insurance (BFSI) organizations must adapt and grow using AI-based technology solutions to survive, optimize processes and gain market share.

    You will learn:
    -The current and projected state of the BFSI industry for this year and beyond
    -Technology trends and focus areas for driving productivity, compliance and internal gains
    -4 key areas for maximum impact and efficiency
  • Executive Series: The New Frontier of Content Modernization Recorded: Jun 9 2021 60 mins
    Experts from ASG, Zia Consulting and Ephesoft
    Our enterprise content management (ECM) customers tell us that increased competition, shrinking IT budgets and heightened compliance regulations are disrupting ‘business as usual’ and forcing the move towards more agile content services.

    Recent industry studies have stated that the success of achieving true modernization is directly linked to transforming the classification, access, and automation of documents and unstructured content across the enterprise.

    In this webinar panel, industry experts from ASG Technologies, Ephesoft, and Zia Consulting discuss:
    - Automation: steps to becoming a truly data-driven organization and automating the manual gaps throughout your enterprise
    - Modernization: best practices (and lessons learned) for consolidating, migrating and getting the most from the Cloud
    - Governance: the reality of end-to-end governance from identification through to disposition—on an enterprise scale
  • Key Elements for Accelerating Business Processes in a COVID-19 World Recorded: Jun 1 2021 24 mins
    Stephen Boals, SVP Business Development & Alliances
    The world is currently grappling with what is becoming one of the biggest crises of our time and the nature of work has been changed forever. Organizations are rapidly transforming their operations to overcome obstacles brought forth by the COVID-19 pandemic.

    Join us for an informative webinar on the challenges, necessities and options businesses will need to address as they survive and flourish in a post-COVID-19 business world.

    We will address key lessons learned from this pandemic crisis, common challenges and why organizations are struggling with remote work, unpredictable volumes, worker isolation and overall business flow. He’ll look at several technology solutions, including intelligent screening, capture and RPA tools that can accelerate processes and protect companies in our current and future climates. Examples will include use cases from healthcare, government and mortgage companies from HR onboarding to mobile screening solutions.

    You will learn how to:
    -Adapt to high volume intake and document surges
    -Deploy innovative technology for remote workers to be fully productive
    -Leverage key point solutions, like rapid screening technology, to free up employees for higher-value tasks
  • IDC and Ricoh Discuss Patient Information Management Services (PIMs) Recorded: May 26 2021 59 mins
    Industry experts at IDC, Ricoh and Ephesoft
    Healthcare organizations cannot afford the inefficiencies and costs of manual document processes for claims processing of patient information. Faxing, scanning postal mail, and printing often lead to expensive errors. Payments get delayed. Patient records are slow to be updated, further slowing payments, and increasing the risk of not meeting audit timelines. And today, remote and hybrid workforces strain already limited resources and thin revenue margins. Survival depends on protecting your already thin margins – or improving them.

    In this webinar, thought leaders from IDC and Ricoh share how you can do just that. You’ll gain insight into:
    - How manual processing impacts customer satisfaction, and your bottom-line.
    - Why automation has become a necessity for patient claims processing.
    - What you can do to enable remote workers to stay efficient and productive.
    - The best practices that you can implement immediately to improve customer response and employee satisfaction as you protect margins.
    - How an automated patient information management solution is revolutionizing claims processing.
  • AI in Accounting: Are You Average or Best-in-Class? Recorded: May 19 2021 19 mins
    Stephen Boals, SVP Strategy and Evangelism at Ephesoft
    Are you average or best-in-class? Most accounts payable (AP) departments are still struggling with invoice processing and over 50% of them say they are challenged with processing invoices efficiently. With the average cost of processing an invoice at just over $10, there has to be a better way.

    Join us for a thought-provoking webinar that will have you questioning and strategizing how to improve your current accounts payable processes. Armed with benchmark data and customer feedback, Stephen Boals, SVP Strategy & Evangelism at Ephesoft explores how companies of any size can either settle for being average or easily transform their approach with automation to become a “best-in-class” AP department by leveraging cutting-edge cloud computing and artificial intelligence.

    In this webinar, you will learn:
    -The 4 key metrics that AP departments can measure and use as a benchmark for improvement
    - Benchmarking statistics that compare “average” vs. “best-in-class” departments
    - Next steps for accounting teams to future-proof their processes
  • Automated Document Processing Workflow With Ephesoft and Workato Recorded: May 5 2021 60 mins
    Automation Experts from Workato and Ephesoft
    Reliable and timely of invoice processing routing and approval is highly critical for any business.

    Manual processing of documents results is painful, unproductive, and riddled with errors. It causes bottlenecks that lead to delays in invoice payments, order fulfillment, and loss of customer confidence in your business.

    Watch this Product Hour to learn how you can combine the powers of Ephesoft’s intelligent document processing (IDP) solutions and automations with Workato to set up an end-to-end AP automation workflow, effortlessly extract data from passports, government IDs, visas, W-2s, IR8As, and other documents to downstream systems.
  • CEO Panel: The State of Digital Transformation and Automation in 2021 Recorded: Apr 28 2021 60 mins
    CEOs from ASG, Ephesoft, Zia Consulting
    Greg Wilson, Sr. Director, Content Strategies of ASG moderates the panel of CEOs including Ike Kavas, Ephesoft, Babu Sivadasan, JIFFY.ai, and Mike Mahon, Zia Consulting, who discuss the challenges of automating complex business processes, modernization and automation's role in digital transformation in 2021.

    Watch to learn more about:
    - The expansive need and opportunities around modernization
    - What’s helping and holding back enterprises around content services, intelligent document processing, workflow, RPA, HyperApps and more
    - Trends around AI, machine learning, NLP, low-/no-code and cloud
    - Tips and strategies for executives to accelerate processes and productivity
  • Automation Hacks for Financial Services: Building a Digital Mailroom Recorded: Apr 22 2021 28 mins
    Ephesoft and Workato Automation Experts
    Sorting and routing mail for multiple departments globally has become almost impossible from the pandemic work from home mandate without automation technology. However, the digital mailroom has evolved with the help of no-code/low-code tools used by business operations, IT and citizen developers. Starting with the digitization of data, critical information now flows freely with the rise of enterprise automation and AI.

    By digitally transforming these critical processes, your mailroom team and every employee can now capture, classify, extract and route mailroom documents and data faster, driving productivity.

    Join this webinar as automation experts explore:
    -The secret to decreasing IT TCO by over 85% by automating mailroom operations
    -The ripple effect of faster processing throughout multiple departments
    -A demo of automatic inbound document processing and routing using AI and no code technology
  • Is your onramp an offramp? Get ready for customer onboarding in the age of AI Recorded: Apr 20 2021 55 mins
    Experts from Ephesoft, Grant Thornton, HSBC and American Banker
    In a recent survey, over 90% of customers think that companies “could do better” when it comes to onboarding new customers. Clients – both consumers and commercial accounts – are the bread and butter for the banking, financial services and insurance (BFSI) industry. Is your onramp an offramp for your customers?

    As we enter 2021, COVID-19 and uncertainty have set the stage for economic disruption and a new age of digital service for BFSI companies. Slow service, bottlenecks in customer applications and inefficiencies can lead to lost customers during the initial onboarding and processing phase. BFSI organizations must improve their client experience, increase customer lifecycle terms and maintain compliance with KYC and AML regulations.

    Watch this dynamic panel discussion on how AI tools can revolutionize customer onboarding and improve the client experience. Financial services enterprises can no longer afford to offramp customers with mediocre service, slow response times or antiquated processes.

    Learn more about:
    - How leading global finserv companies, like HSBC, are transforming the client experience using innovative AI technology and digital transformation
    - Technology trends and focus areas for driving productivity, compliance and internal gains
    - How unlocking data can lead to key customer insights and help guide a data-driven strategy that benefits your organization and most importantly, your customers
    - Why AI solutions can help develop lasting relationships, customer value and efficiency for financial services
  • AWS @ Scale: Building Your Application Foundation with Infrastructure as Code Recorded: Mar 17 2021 37 mins
    Experts at Ephesoft
    Join members of the development team behind Ephesoft’s new AWS native Intelligent Document Processing (IDP) platform for an AWS workshop: AWS @ Scale. The primary topic will be how to leverage Infrastructure as Code (IAC) to simplify account management and resources as you grow your AWS footprint. Topics include:

    - Single vs. Multiple Accounts
    - Isolation and Tracking
    - SSO and AWS SSO
    - Building your own Provisioning System
    - Leveraging the CLI
    - Cost Savings and ROI
  • Accelerating Procurement, Invoicing and Compliance Processes Recorded: Feb 24 2021 57 mins
    Automation Advisors from Grant Thornton, Catalytic and Ephesoft
    Despite the availability of technology and the proven benefits of digital transformation for Procurement and Accounts Payable (AP), many organizations have not centralized, automated or modernized their entire procure-to-pay process. And, while Gartner reports that some buyers are embracing a cloud-first strategy for their accounting practices, many companies are stuck with antiquated, on-premises technology.

    Building a strategy and execution for procure-to-pay is critical to keep up with industry titans who are using this technology as a tool to lower costs, access suppliers and capitalize on payment discounts. In fact, Gartner forecasts the market of investing in procure-to-pay solutions to grow to $5 billion by 2023 with a 5-year compound annual growth rate of about 10%.

    Join our moderator, Brandyn Campbell, Ephesoft’s Director of Business Development and special guest panelists from Grant Thornton LLP and Catalytic as they discuss process automation and transformation to explore organizational best practices and a machine learning-powered solution for revolutionizing the Procurement and AP departments.

    In this webinar, you will:
    -Learn how digital transformation in AP and Procurement departments can turn an understaffed, overworked department into a profit center
    -Get SME tips and tricks for organizations in all stages of their AP automation journey
    -Explore how machine learning technology can positively impact the P2P process for organizations of all sizes
    -Watch a live demonstration segment of innovative intelligent invoice processing
  • Digital Transformation: 4 Things You Need to Know Recorded: Feb 10 2021 29 mins
    Stephen Boals, SVP Strategy and Evangelism at Ephesoft
    Companies need to transform or they will be left behind in this digital world.

    Data is critical to any initiative. Digital transformation requires that you search for this data so you can actually put it to use. With the majority of business processes including documents and records, many organizations fail to include an intelligent document capture solution in their digital transformation plans.

    Intelligent capture technology using supervised machine learning for data classification and extraction is key to tapping into your hidden data.

    Watch this on-demand webinar to explore the best practices for digital transformation initiatives.
  • Overcoming the Hybrid Cloud Challenge Recorded: Dec 15 2020 58 mins
    Alex Hilton, Cloud Industry Forum | Stephen Boals - Ephesoft | Mahesh Desai - Rackspace | Guy Warren - ITRS
    72 percent of respondents in a recent Everest Group survey described their cloud strategy as hybrid-first. With the benefits of hybrid cloud including agility, lower capex and reliability, it’s little wonder it’s such a popular cloud strategy. But from the difficulties of getting a handle on overall cost and managing cloud spend to incompatible infrastructure and potential security and compliance issues, the challenges can also be significant.

    In episode 14 of Digital Transformation in Action, we take a look at why overcoming the hybrid cloud challenge is worth it and how businesses can confidently manage its complexities in order to reap its rewards.

    Join host Alex Hilton and guests for expert advice on overcoming hybrid cloud challenges including:

    - Overcoming migration complexity
    - Ensuring hybrid governance
    - Scaling in the right direction
    - Managing costs with visibility and confidence
    - Mapping the right goals and outcomes

    Guest speakers:
    - Stephen Boals - SVP Strategy and Evangelism, Ephesoft
    - Mahesh Desai - Chief Relationship Officer, Rackspace
    - Guy Warren - CEO, ITRS
  • The Accounting Technology Journey: From Paper to Artificial Intelligence Recorded: Dec 10 2020 60 mins
    AP Automation Experts from Accounting Today and Ephesoft
    Join industry experts for a dynamic panel discussion on the Accounting technology journey. We’ll explore the past, present and future of technology in Accounting and Finance and how AI technology is redefining and modernizing business processes in the industry.

    While the “old way” may seem comfortable, over 50% of Accounts Payables and Finance departments are adapting and evolving with modern technology to digitally transform their data to make more informed and faster decisions. AP departments can yield positive outcomes in many areas toward cost savings, accuracy and productivity with AI technology.

    In this webinar panel we will discuss:
    -The technology journey to 2020, and the effect of current events on the modern accounting department
    -The current state of AI technology and how machine learning can help optimize AP processes
    -How organizations are leveraging this modern technology to outperform their peers and create best-in-class business processes
    -Best practices to evaluate and digitally transform AP data through AI
  • Transforming Handwritten and Print Data in a Digital World Recorded: Dec 2 2020 29 mins
    Brandyn Campbell, Director of Business Development, Ephesoft
    Despite efforts to eradicate handwritten documents, forms, signatures, letters and other printed data are still alive and rampant. From healthcare, government, insurance and financial services industries to departments like accounting and human resources, many employees must manage the collection of handwritten data. However, hand-printed documents, which have traditionally seen low data recognition rates, do not have to be the death of digital transformation initiatives any longer.

    Join this webinar to explore how to automate capture projects on handprint and machine print documents and forms.

    -Learn about newly released capabilities for unstructured handprint extraction and the technology behind it
    -Get a behind-the-scenes look at how a document capture project is configured for handprint data extraction, OMR extraction and signature detection
    -Takeaway 5 key factors to make your digital transformation project successful
  • Maximize the Value of Infor Document Management Through IDM Capture Recorded: Nov 4 2020 13 mins
    Experts from Ephesoft and ICCG
    Join ICCG, Infor Premier Partner, and Ephesoft for an engaging webinar on “Partnering to Maximize the Value of Infor Document Management Through IDM Capture.” Now, more than ever, enterprises around the world are looking for ways to automate in the cloud and drive efficiency, accuracy and productivity to cut costs. We’ll discuss common challenges around data and why using IDM Capture, powered by Ephesoft, with Infor M3 is the key to unlocking your data and driving value to your customers, employees and stakeholders.
  • Lessons Learned from the Corporate Mailroom During COVID-19 Recorded: Nov 3 2020 49 mins
    Experts from Zia Consulting and Ephesoft
    Even in this digital age, paper and physical content can overwhelm corporate mailrooms. If you’re like most companies, much of the labor force began working remotely with the onset of the COVID-19 pandemic. This created the challenge of getting information into the right hands, through the most efficient business processes.

    Join our Digital Mailroom Automation webinar to find answers to the content chaos.

    Zia Consulting implements content solutions from OPEX and Ephesoft that can turn this disruption into a business advantage. We’ll present use cases demonstrating how to transform a corporate mailroom. You’ll learn how introducing automation can result in time and cost savings, lead to fewer lost or stolen pieces of mail, and a decreased potential for transmitting the virus.

    Join us to find out more about:
    - Simplifying mailroom activities to improve customer communication
    - Optimizing mail handling with efficient mail opening and extraction
    - Transforming paper and physical content in the digital age
    - Leveraging Robotic Process Automation (RPA) and Content/Case management tools
  • Panel: Driving Innovation and Productivity in Accounting with the Power of AI Recorded: Oct 21 2020 59 mins
    AI Experts from Ephesoft
    Join a live dynamic panel discussion with Ephesoft’s Chief Technology Officer, Kevin Harbauer, Data Science Team Lead, David Beery, and SVP of Business Development, Steve Boals on AI in accounting, and how modern technology is changing the way productivity and efficiency are defined in Accounts Payable (AP).

    With the right technology, AP departments can yield positive outcomes in many areas toward cost savings, accuracy and productivity. The panel will take an in-depth look at the current state of AI technology and how machine learning and semantic data can help optimize AP processes. Organizations are beginning to leverage this technology to raise the bar, outperform their peers and create best in class business processes.

    Are you ready to devote your accounting employees to higher value tasks and create new and unseen levels of productivity? Remember, if a machine can do it, a machine should do it. We’ll show you how to get there.
  • Accelerate Digital Transformation with Capture in the Cloud Recorded: Aug 27 2020 26 mins
    Brandyn Campbell, Director of Business Development, Ephesoft
    Enterprises understand the need for automation, digital transformation, data and accelerated processes. This is made scalable in the cloud. As a result of the pandemic, IDC projects a slower growth rate of 2.1% for cloud applications than previous predictions. Enterprises around the world still need to unlock and access their valuable information to better serve their customers.

    Join this webinar to learn about what’s new in the cloud for secure, scalable intelligent document capture capabilities no matter the size or industry of your organization. Whether you are a small business looking to automate your document-centric processes without the added burden of server management or a global enterprise aiming to take advantage of cloud capabilities and ensure business continuity, our cloud can provide the capture tools you need.

    Learn about:
    * Benefits of using a hosted AWS Cloud single-tenant instance
    * Capturing handprint, cursive and checkboxes
    * Common use cases for Transact Cloud
Drive Productivity with Leading Intelligent Document Processing
Welcome to our channel! Ephesoft provides intelligent document processing solutions with industry-leading technology to help enterprises maximize their productivity. Using AI and patented machine learning technology, Ephesoft’s platform captures data from documents, enriches it with context and amplifies the power of that data, adding intelligence to accelerate any business process and drive successful digital transformation. Thousands of customers worldwide use Ephesoft to save costs, improve accuracy and fuel their journey towards the autonomous enterprise. Ephesoft is headquartered in Irvine, Calif., with regional offices throughout the US, EMEA and Asia Pacific. To learn more, visit ephesoft.com. To start a free trial, visit http://ephesoft.com/get-trial.

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  • Presented by: Stephen Boals, SVP Strategy and Evangelism at Ephesoft
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