Welcome to DocBits

Welcome to DocBits, your comprehensive source for documentation strategies and insights. At DocBits, we are dedicated to providing clear, concise, and up-to-date documentation resources for enduser, admins, and partners.

DocBits with Workflow

Arcade

DocBits by FELLOWPRO AG is an advanced intelligent document processing (IDP) solution designed to optimize and automate the handling of business documents. Below is a summary of its unique features and benefits:

Key Features

1. Automatic Data Extraction

   • Utilizes AI and OCR (Optical Character Recognition) technology to extract data from various document types.

   • Supports over 120 languages.

   • Capable of extracting unstructured data at both header and line levels.

2. Swarm Intelligence

   • Leverages the power of AI swarm intelligence to deliver communal benefits across customers.

   • Enhances the training of classification and extraction models with input from a wide range of users.

   • Provides over 96% accuracy in data extraction and classification.

3. PO Matching

   • Automates the reconciliation of purchase orders with incoming invoices.

   • Ensures accurate financial transactions and promptly addresses discrepancies.

   • Supports matching of various document types, not limited to invoices.

4. Auto Accounting

   • Facilitates automatic booking to ledger accounts.

   • Allows splitting of amounts by department.

   • Supports the definition of ledger accounts by the accounts payable team.

5. Integrated Validation and Approval Processes

   • Provides integrated validation processes to ensure data accuracy.

   • Features approval workflows to streamline document handling.

6. Seamless Integration

   • Integrates seamlessly with Infor IDM (Intelligent Document Management) and Infor ERP (Enterprise Resource Planning) systems, including M3 and LN.

   • Supports data import through email or FTP connection and export to relevant ERP modules.

7. User-Friendly Interface

   • Offers a modern and simple UI that requires no IT resources for setup and maintenance.

   • Features an interactive dashboard with unlimited document types and custom extracted columns.

8. Secure Cloud-Based Solution

   • Hosted on a secure cloud in Germany, ensuring data privacy and security.

   • Facilitates easy migration from legacy solutions.

Benefits

• Efficiency: Automates repetitive tasks, reducing manual entry and errors.

• Accuracy: High accuracy in data extraction and document classification.

• Scalability: Can handle unlimited document types and volumes.

• Compliance: Maintains an audit trail for compliance and review.

• Cost Savings: Reduces the need for physical storage and manual processing.

Use Cases

• Suitable for a wide range of industries and document types, including invoices, delivery notes, order confirmations, and more.

• Ideal for businesses looking to optimize their document capturing processes and enhance operational efficiency.

For more information, visit FellowPRO AG or contact sales at sales@fellowpro.com. Follow us on LinkedIn.

DocBits is a cloud-based document capture solution that harnesses the power of Artificial Intelligence (AI) and Machine Learning (ML) to effectively recognize, classify, analyze, and extract information from various types of documents, regardless of their format. Here’s a closer look at its key features:

• Document Recognition_:_ DocBits employs AI algorithms to accurately identify and recognize documents, whether they are in paper form or electronic files.

• Document Classification: It classifies documents into relevant categories, facilitating easy organization and retrieval.

• Data Extraction: DocBits extracts critical data from documents, transforming unstructured information into structured data that can be integrated into your workflow.

• Machine Learning: The system continually learns and improves its recognition accuracy with each processed document, making it more proficient over time.

• Swarm Intelligence: DocBits utilizes swarm intelligence to enhance its learning capabilities, creating a self-improving system.