Compare EXACTO Invoice vs. Hyland IDP in 2026

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Description

Invoice processing has long been recognized as one of the most labor-intensive and error-prone activities within organizations. Each day, invoices totaling billions are handled, which complicates the task for accounts payable departments as they must manually verify, extract information, download, and ultimately prepare data for payment processing. The rise of digital transformation has significantly expedited the automation of this procedure, leading to enhancements in efficiency and effectiveness while simultaneously minimizing human errors and allowing companies to reduce costs. HCL’s EXACTO™ Invoice is a unique platform that utilizes patented artificial intelligence, deep learning, and natural language processing to streamline the extraction of data from invoices, receipts, and purchase orders. It integrates effortlessly with a variety of sources and is capable of processing documents in over 13 languages, offering advanced AI and machine learning features for document classification and digitization. This innovative technology not only saves time but also empowers businesses to focus on strategic initiatives rather than tedious administrative tasks.

Description

Hyland Intelligent Document Processing provides AI-powered document capture, classification and intelligent data extraction to reliably improve efficiency, accuracy and the speed of document processing. Hyland IDP uses AI to learn, adapt and improve document processing, drastically reducing time investments and costs, as well as reducing exceptions and bottlenecks.