SCENARIO #3
Digital accountant for routine automation
OCR in accounting can automate data entry into accounting and ERP systems, the preparation of management summaries, and the analysis of tax invoices, purchase orders, delivery notes, goods received notes, and other supporting documents through fast and accurate document recognition.
Once the data has been digitised, a trained generative AI model can help identify patterns such as seasonal spending trends, recurring reasons for document rejection or approval delays, and operational bottlenecks. This enables businesses not only to record transactions more efficiently, but also to improve workload planning, cost forecasting, and overall financial control.