Purchase Order - Europe

Verified by ABBYY

The Vantage Purchase Order EU Document Skill is a production-ready skill processing purchase orders from Germany, France and Spain.

A purchase order (PO) serves as the cornerstone of any transaction, representing the initial offer made by a buyer to a seller, outlining crucial details such as product types, quantities, and prices. Our Purchase Order Skills are a pivotal component within any accounts payable / accounts receivable process automation.

The skill has been trained on a large document set from the supported regions and is capable of handling regional requirements, a variety of input formats and extracting key data points from documents in 4 languages with high accuracy. The extracted data can then be passed on to business systems and processes managing order entry, invoicing and delivery. Processing purchase orders in Vantage can be further improved by adding a manual review and verification step.

Designed with efficiency at its core, our AI model revolutionizes purchase order processing, minimizing time and effort required. By automating mundane tasks and eliminating manual data entry, your team is empowered to focus on strategic initiatives, driving productivity and optimizing resource allocation.

Benefits
  • Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
  • Understands regional specifics of the document and intelligently processes Purchase Orders issued by organizations in Germany, France and Spain.
  • Pre-trained model automatically detects key fields on the purchase order and extracts relevant data (buyer, order number, order date, ship to and bill to addresses, line items, etc.). For a full list of extracted fields, please see the skill documentation.
  • Detects Buyer and Supplier automatically, or allows to match against an existing database for optimal accuracy.
  • Includes business rules and performs automatic data normalization and validations such as required fields, total amount calculation, delivery date validation etc. Further business rules can be added as individually required.
  • Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
  • Allows further training of the model based on customer documents in real time. Over time significantly improves straight-through-processing rates and reduces the need for human interaction.
Processes with this document
Transfer data to other systems
Related skills
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Contributor:
ABBYY
Published:
7 March 2024
Last updated:
8 July 2024
Purchase terms
Paid
Specifications
English, French, German, Spanish
France, Germany, Spain
Production