Smart Extract
Improve Data Entry Accuracy with Less Time
Canopy’s Smart Extract module utilizes artificial intelligence (AI) to automate the entry of documents and data directly into Canopy’s database. In the Accounts Payable module, data can be extracted directly from vendor invoices and entered into an Accounts Payable batch. This data can be reviewed and edited prior to posting. The accuracy of the data entry process is significantly enhanced, and the time required for data input is greatly reduced.
Features
Easy Setup
- Processes vendor invoices and credit memos
- Template free A/P Invoice Capture
- Does not require mapping invoice formats or layouts
- Processes data from PDF, TIF, PNG, and JPG formats
- Automatically filters out extraneous data
Improved Workflow Speed and Accuracy
- Reduces labor expenses by automating data entry
- Speed up turnaround times
- Intelligent three-way matching vendor invoices, purchase orders, and inventory receipts to ensure accuracy
- Instant alerts for transaction discrepancies
- Automatically distributes General Ledger postings
- Supports scheduled tasks to automatically process documents
- Works for groups of related vendors who have centralized billing
- Fully integrated with Canopy’s A/P and Document Imaging modules
Save Time and Reduce your Labor Costs
Canopy’s Smart Extract module utilizes AI (machine learning) to interpret fields directly within a form, eliminating the need for maps or layouts, and automatically inputs data into Canopy. This significantly reduces the time required to complete daily tasks within your organization and lowers labor costs. Additionally, Smart Extract integrates with Canopy’s Document Imaging module to store images at the transaction level, providing you with access to the original source documents.