How does eye-share help me with insights and analysis?
Eye-share provides you with solutions for data capture and management, data visualization, and analysis in the P2P cycle. Through enhanced control, insight, and processes, your business will gain a solid foundation for strategic decision-making. Let’s have a look at how we do it.
Capture and Process Data Automatically
eye-share easily captures data from a variety of sources like documents, attachments from emails, and images. Utilizing XAI and machine learning technology, eye-share ensures the accuracy of the data captured, thereby reducing the time spent on manual data entry tasks. Also, large datasets can be easily captured and stored for later analysis and reference.
Here’s an overview of how eye-share typically captures data from various sources:
Optical Character Recognition (OCR)
eye-share uses OCR technology to read text from digital images of documents. The image of the text is translated into machine-encoded text. This process allows eye-share to extract data from various document formats and layouts.
OCR and Machine Learning
The machine learning algorithms within eye-share, are trained to recognize patterns, such as specific types of documents (e.g., invoices, and purchase orders) and key data fields (e.g., invoice number, date, total amount). After recognizing the document type and relevant patterns, the necessary information is extracted and classified accordingly. Data is identified and categorised into predefined fields, such as vendor names, amounts, dates, and other details.
Data Validation and Verification
Rule-based logic and AI are further used to validate and verify the extracted data. This step ensures accuracy by checking the data against known parameters, databases, or historical records. If discrepancies are found, the system flags the document for manual review.
After validation, the captured data is seamlessly integrated into the user’s workflow. This could involve updating databases, generating reports, or triggering specific actions within the eye-share platform or connected business systems (e.g., ERP, accounting software).
Continuous Learning
eye-share’s AI and machine learning algorithms improve over time through feedback loops. As users manually review and correct data extraction results, the system learns from these corrections, enhancing its accuracy and efficiency with each iteration. Transparency in the system ensures that users maintain control over the accuracy of the data captured by the system.
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Create a Centralised Data Repository with eye-share
The data, when captured, is stored in a centralized data repository. This ensures the maintenance of data integrity and that data is easily accessible for analysis. Also, compliance with data protection regulations can be upheld and easily reviewed with such centralised data storage.
Having one, unified source of truth regarding your data makes it easy to draw the information you need and visualise it in reports or dashboards. This way, informed decisions based on comprehensive and up-to-date information are made easily available.
Offering Powerful Analytics Tools
eye-share offers an advanced suite of analytics tools by integrating capabilities from leading analytics platforms like Power BI. By creating interactive dashboards, your business can start leveraging the full potential of your data without the need for specialised analytics expertise. Through customization of the dashboards and reports to fit your specific needs, you will have the right information available at your fingertips at any given time. As the system has real-time data analysis capabilities, eye-share will provide up-to-the-minute insights, allowing you to respond quickly to emerging trends or operational challenges.
Here are specific examples illustrating how eye-share can be utilized for insights and analysis:
- eye-share provides a transparent view of the entire supply chain, from procurement to delivery. This visibility enables monitoring inventory levels, supplier performance, and logistics efficiency.
- By analyzing supply chain data, eye-share can identify potential risks such as delays. This early detection allows taking corrective actions, such as finding alternative suppliers.
- eye-share’s analysis can reveal opportunities for supply chain optimization, such as cost reductions, process improvements, or more sustainable practices. By identifying inefficiencies and bottlenecks, businesses can streamline operations for better agility and resilience.
The Strategic Advantage of eye-share
eye-share stands as a pillar of digital transformation, offering a robust platform for data-driven insights and analysis. Using our powerful combination of automated data capture and processing, centralized data management, and advanced analytics tools, you will be able to handle your P2P processes more strategically.
By adopting eye-share, you’ll be able to leverage data to uncover new opportunities, streamline operations, and make strategic decisions that drive sustainable growth. In the journey towards digital excellence, eye-share is not just a tool but a strategic partner that enables you to use the full potential of your data.
Take control of your P2P process
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