Current Challenges in Document Processing

• Manual data entry consumes 15-20 hours weekly per finance team member
• Error rates of 4-8% create costly reconciliation issues
• Invoice processing delays average 9.7 days, affecting cash flow
• Inconsistent document formats require specialized handling
• Physical/digital document management creates organizational chaos
• Audit compliance requires extensive manual documentation

The Financial Impact

For a mid-sized company, these inefficiencies translate to approximately $103,000 annually in wasted productivity, delayed payments, and error correction—not including opportunity costs from delayed decision-making based on document insights.