system to grab pdf invoices from mail attachments and import them to database
For accounts payable accounting
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1). Is the search volume increasing? It’s advantageous to be in a growing market.
2). Is there significant competition? While competition can validate an idea, too much of it can make it difficult to stand out.
3). Are enough people searching for the relevant keywords? If search volume is too low, building a business around the idea may be challenging.
Of course, startups aren’t an exact science—very little people were searching for "couch surfing" when Airbnb first launched.
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Prompt
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Our accounts payable software streamlines the often cumbersome process of handling invoices by automatically extracting PDF invoices from email attachments and seamlessly importing them into a secure database. This eliminates the manual data entry that is prone to error and time-consuming, addressing the pain point of inefficiency that many accounts payable teams face. With built-in optical character recognition (OCR) technology, our system ensures accurate data capture, reducing discrepancies and minimizing the risk of late payments due to misplaced or overlooked invoices. Additionally, our software features customizable workflow automation, allowing users to set up approval workflows that align with their specific business processes. This tackles the challenge of lengthy approval times and enhances visibility for stakeholders involved in the invoicing process. By providing real-time alerts and tracking, our solution helps ensure timely processing, enabling better cash flow management and empowering finance teams to focus on strategic initiatives rather than getting bogged down in manual administrative tasks.
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