A US software company focused on AI-powered, cross-functional integration and automation, partnered with Blend to transform their manual, time-consuming and inefficient invoice processing.
Challenge
Manually processed 3 million invoices annually, including 1 million in non-standard formats (PDFs, images, documents).
Heavy reliance on manual data extraction from these unstructured documents, leading to inefficiencies and time-consuming operations.
Needed a solution that could handle diverse invoice formats with high accuracy.
Sought to enhance product capabilities through a proof of concept (POC) leveraging AI and Generative AI technologies.
Solution
Blend created a GenAI-powered invoice processing system.
The solution is much faster to develop and requires far fewer examples to approach near 100% accuracy.
Solution leverages few-shot prompt engineering and chain of thought prompting, using GPT-4 and Azure OpenAI service.
Impact
Enabled automated data extraction from invoices in any format with near 100% accuracy and faster development cycles.
Client can easily adapt to market.
Positioned the client as a market leader while the successful proof of concept progresses toward full production implementation, incorporating the AI tool.