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The road to a finished implementation of a solution for AI-based document processing is not as long as many assume. In general, an Intelligent Document Processing solution can be deployed productively in the company within a few weeks.

Artificial intelligence supports the recognition, classification and data extraction from documents as well as the analysis of the contained information. But: What does that mean exactly? What works and what doesn’t (yet)?

Intelligent Document Processing is the practical use of Natural Language Processing (NLP) based on Deep Learning methods in a business context for process automation.

AI technology makes the risk from price adjustments on the part of suppliers transparent - by quickly extracting information on contract periods, price commitments and price escalation clauses from the contract portfolio.