5 common ways companies use RPA to enhance Document Processing

Paper plane

With all the hype around robotic process automation (RPA), it can be helpful to remember that the vast majority of the data running through RPA automations originates or terminates with a document. In fact, I’d estimate that about 80% of RPA automations fall into this category.

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AirSlate raises $50 million more to automate enterprise workflows

Document workflow

AirSlate, a workflow automation startup, today announced it raised $50 million in debt financing from Silicon Valley Bank. The capital comes after a $40 million round in January led by Morgan Stanley and General Catalyst, and it brings the company’s total raised to $130 million. When McKinsey surveyed 1,500 executives across industries and regions in 2018…

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AirSlate raises $40 million to automate repetitive business processes

Workflow automation startup AirSlate today announced it has raised $40 million from backers that include Morgan Stanley Expansion Capital, General Catalyst, and HighSage Ventures. The company says the funds, which come as it closes an additional investment round, will enable product functionality expansion and international growth, as well as hiring within the marketing and sales organizations.

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Google launches Document AI suite of parsing and processing tools in preview

Google this morning launched the Document AI (DocAI) platform, a console for document processing hosted in Google Cloud, in preview. The company says it’s aimed at automating and validating documents by extracting data from documents and making them available to business apps and users. An IDC report revealed that document-related challenges account for a 21.3% productivity loss, and U.S. companies waste a collective $8 billion annually managing paperwork.

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