A significant portion of the invoices received by legal teams are still delivered in PDF format.
To help these teams reduce the time lost to manual processes, Brightflag has added intelligent, automated PDF invoice validation to its legal operations platform.
The new PDF Check feature leverages the firm’s artificial intelligence (AI) engine to scan PDF invoices, validate that important details are correct and free staff to focus on higher value tasks, Brightflag said in a Tuesday (Feb. 21) press release.
“In our current economic climate, where legal teams are once again asked to do more with less, productivity-enhancing features that automate repeatable processes ensure the legal team can make the most of their stretched resources,” Brightflag CEO and Co-founder Ian Nolan said in the release.
PYMNTS research has found that invoicing is one of the most crucial B2B processes that have lagged behind as businesses continue their digital transformations.
One study found that 89% of small- to medium-sized businesses (SMBs) were still processing paper or PDF invoices. Another found that accounts payable (AP) professionals spent nearly one-quarter of their days on tasks that could have been automated, including typing invoice data, fixing mistakes and responding to calls and emails about the status of invoices and payments.
With automation, AP teams can reduce staff workload, errors and fraud risks, according to the “AP Automation Tracker®,” a PYMNTS and Beanworks collaboration.
Automation also allows both finance teams and entire organizations to focus on the bigger picture, five chief financial officers (CFOs) told PYMNTS when interviewed for the series, “A Day in the Life of a Digital-First CFO.”
By handling repetitive chores that had been done manually, automation frees the team to spend more time on analysis, talking with customers and other value-added undertakings, the CFOs said.
Brightflag’s new PDF Check feature not only eliminates the need for time-consuming manual review of PDF invoices, but also enables Brightflag’s platform to generate analytics that help in-house teams make informed decisions, the release said.
“Brightflag remains laser-focused on solving important problems for legal teams and their partners in finance,” Nolan said in the release.
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