About
Resources
© All rights reserved
Intelligent Document Processing: Unleashing the Potential of Orchestration in B2B Document Processing
In the dynamic world of business-to-business (B2B) operations, companies continuously search for strategies to streamline processes and augment efficiency. A cornerstone of these strategies is the automation of document processing, the operational backbone of any enterprise. Traditional automation has offered some advantages, but it also presents inherent limitations. The solution? A transformative approach known as orchestration.
Orchestration elevates the capabilities of basic automation, providing an integrated, efficient, and effective solution that significantly enhances the document processing workflow. This article will delve into the intricacies of orchestration, differentiate it from automation, and introduce the Netfira Platform.
Share:
Orchestration and Intelligent Document Processing
Intelligent Document Processing (IDP) uses advanced technology to digitise and automate unstructured data from various B2B documents. Combining artificial intelligence (AI), machine learning (ML) and natural language processing, IDP mimics human abilities for identifying, contextualising and processing documents. IDP uses AI, ML and human-in-the-loop automation to convert unstructured data into structured and actionable data. Relying on orchestration, intelligent document processing takes automation to the next level.
The Constraints of Simple Automation in Document Processing
Automation has revolutionised the business world, particularly in document processing. By automating repetitive tasks, companies have managed to reduce manual labour significantly, thereby increasing speed and productivity. However, automation alone has its drawbacks. While it’s adept at handling individual tasks, it can stumble when dealing with more complex workflows that require coordination and interconnection of different tasks. Automation often falls short of providing a holistic solution, leading to inefficiencies and errors.
For instance, consider a situation where data needs to be extracted from various documents, processed, and then matched with corresponding details in another set of documents. Automation can handle these tasks individually, but what happens when there’s a discrepancy between the documents? Automation lacks the ability to make judgments or handle exceptions, resulting in potential errors and inefficiencies.
Orchestration: A Symphony of Automated Tasks
Orchestration steps in to address these challenges. It goes beyond simple automation, coordinating a multitude of automated tasks into a seamless, unified workflow. It’s like a conductor leading an orchestra, ensuring every instrument plays its part at the right time to create a harmonious melody.
In the context of B2B document processing, orchestration allows businesses to manage complex workflows efficiently, handling exceptions and adapting to different business rules and logic. This approach not only boosts productivity but also ensures data accuracy and integrity. By coordinating various tasks and handling exceptions efficiently, orchestration improves overall business performance.
The Netfira Platform: Leading the Way in Document Orchestration
The Netfira Platform exemplifies the power of orchestration in B2B document processing. The software solution transcends the limitations of simple automation by orchestrating document processing workflows. Consequently, the Netfira Platform is a complete document processing solution automating the entire document processing workflow.
With the Netfira Platform, businesses can automatically extract data from any document type or format, ensuring flexibility and versatility. The extracted data is processed using customisable workflows, based on the unique logic and rules of the business. Netfira’s powerful algorithms can match and validate this data against other relevant documents or datasets, ensuring its accuracy and reliability.
But where the Netfira Platform truly shines is in its exception handling. The Platform compares data from different B2B documents, such as purchase orders with order confirmations. In cases of discrepancies or deviations, the system flags these exceptions and presents them in a user-friendly interface, allowing users to resolve them effectively. This exceptional capability embodies the essence of orchestration, managing tasks as an integrated whole rather than in isolation.
Moreover, the processed, structured data can be seamlessly exported into any downstream system, facilitating integration and a smooth data flow. This capability not only enhances the efficiency of the document processing workflow but also provides valuable insights for more informed, data-driven decision-making.
Conclusion: The Dawn of a New Era in B2B Document Processing
Orchestration is setting the stage for a paradigm shift in B2B document processing. By orchestrating their document processing workflows, businesses can move beyond the constraints of mere automation and benefit from complete automation. The result? Unparalleled efficiency, reduced errors, and enhanced productivity.
The Netfira Platform is at the forefront of this transformation, redefining document processing through its innovative application of orchestration. Businesses that embrace this change are sure to witness remarkable improvements in their document processing workflows, propelling them toward success in this new era of B2B operations.
Whitepaper: Unlock efficiency in procurement through IDP
