- Current State of AI Adoption: Despite the growing interest in AI technologies, only 16% of German companies are currently utilizing AI in their processes, highlighting a gap between ambition and reality in leveraging these tools for efficiency.
- Advantages of Large Language Models (LLMs): LLMs, such as ChatGPT, can significantly enhance invoice processing by improving data extraction accuracy from an average recognition rate of 85% to 95%, thereby reducing the need for manual corrections and streamlining operations.
- Transformative Impact on Businesses: By adopting LLMs for invoice processing, companies can save substantial manual effort—potentially eliminating tens of thousands of corrections annually—allowing them to focus resources on higher-value activities and achieve measurable economic benefits.
Source xsuite
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