Hi, and welcome to Rossum! In this video,
we will show you how AI-powered invoice processing
can increase efficiency for accounting BPOs
and SSCs. Today, most large enterprises outsource
repetitive, time-consuming tasks to business
process outsourcing providers or shared service
centers - BPOs or SSCs, respectively. BPOs
are external vendors, while SSCs are an internal
function. Both can serve multiple business
units. Considering the vast quantity of invoices
that companies receive every day, they need
to ensure their accounting teams are working
at maximum efficiency. BPOs and SSCs help
achieve that. However, both types of organization
process a huge variety and volume of documents,
which can strain resources, consume time,
and increase costs. As a result, you could
be losing opportunities to expand your services
and offer more competitive pricing. You can
recover these opportunities with automated
data extraction. With advanced AI technology
capturing document data instead of humans,
your accounting BPO or SSC can dedicate resources
to more value-generating activities. Rossum
also helps ensure timely payment, maintain
strong vendor-customer relations, and simplify
financial accounting and audits through improved
reporting. Together, all these benefits can
help transform your accounting BPO or SSC
from a cost center to a profit center. Rossum’s
AI engine swiftly captures data from thousands
of documents with minimal employee input,
and its accuracy increases with use. It can
reduce manual data entry by 90% or more without
requiring you to set up templates, and enables
your company to process millions of documents
cost-effectively every year. If you want to
see how Rossum can help your accounting BPO
or SSC, sign up for a free trial account by
following the link in the description below.
If you have any questions, please contact
us on any of these platforms. And don’t
forget to subscribe to our YouTube channel!
From all of us here at Rossum, have a great
day!
