Process invoices with AI Builder
Traditional invoice processing can be a very cumbersome and time-consuming. Between all the manual data entry, approval workflows, and auditing, there are many pain points across the end-to-end process. Today we are excited to announce the introduction of a new prebuilt AI model in AI Builder: Invoice processing. Now available in preview, you can test the feature right away, no trial or subscription required.
Invoice processing lets you read and save key information from invoices in English. It automatically extracts information such as customer, vendor, invoice ID, invoice due date, total, invoice amount due, tax amount, ship to, bill to, and more. With the new AI Builder invoice processing prebuilt model, you can minimize pain points usually found in traditional invoice processes and speed up your invoice processing time, delivering real value back to your business. Here are a few examples of what you can automate:
- For every invoice added to a SharePoint folder, automatically extracts its data, and save it into an Excel file.
- For every invoice attached to an incoming email, automatically extract its data, start an approval process if the amount it higher than $2,000 and if approved save the extracted data into SAP.
- For every invoice attached to an incoming email, automatically extract its data, store the data into a legacy accounting application using RPA with Power Automate Desktop. Then, send a notification email or a Microsoft Teams message to the relevant parties.
With connectivity to 400+ applications plus the robotic processing automation (RPA) capabilities offered by Power Automate Desktop, it is now easier than ever to automate your invoice process based on to your business needs.
This prebuilt model combines powerful Optical Character Recognition (OCR) capabilities with invoice specific deep learning models to extract key information from invoices in English. No training or prior configuration is required to use this prebuilt model. But should you require customization to extract data not provided by the prebuilt model, you can build your very own custom form processing model.
To learn more about the prebuilt invoice processing AI model, you can refer to this documentation page.
The Get started with invoice processing in AI Builder module in Microsoft Learn is also a great way to learn how you can easily use Artificial Intelligence to speed up your invoice processes at your company.
We are always working to improve AI Builder to meet your needs. Feel free to share your feedback with us in the AI Builder forum or email us directly at firstname.lastname@example.org.