Document Understanding – Intelligent Document Processing | UiPath
Sophia Sembai is product marketing manager for Document Understanding at UiPath.
Special thanks to the Document Understanding team for their amazing work on the product and assistance with this article.
Every company in the world has documents and they create more of them every day. An efficient way to deal with high volumes of documents is to automate. Finance departments alone can save 25,000 hours of rework caused by human errors at a cost of $878,000 per year for an organization with 40 full-time accounting staff, according to a Gartner press release. That’s just one department. Imagine how much can be saved if you also automate document processing in areas like human resources (HR). For organizations in document-intensive industries like insurance, banking, manufacturing, healthcare, or the public sector the savings are even larger.