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You wouldn't let a junior staffer guess what's on an invoice line—why accept that from your technology?

What would your finance team do with zero invoice exceptions? PwC's CFO Pulse Survey reveals a telling contradiction in modern finance operations: 59% of CFOs say cost cutting is a top priority for the finance function in the next 12 months, and more than half (52%) are prioritizing the use of technologies such as generative AI and advanced analytics to build predictive models and strengthen scenario analysis capabilities.

In today’s lean and fast-paced business environment, CFOs are under more pressure than ever to deliver greater results with fewer resources. The winning formula? Intelligent automation paired with rock-solid compliance.

Most document capture and processing solutions today focus on one primary objective: extract the content from a document and attempt to resolve obvious errors using logic, AI, or data lookups. While this is a step in the right direction, it falls short of what is truly required to automate financial document workflows.

OCR (Optical Character Recognition) has been around for over a century and has evolved significantly since the early 2000s. Vendors began enhancing OCR with algorithms to correct basic recognition errors, improving extraction and accuracy to some extent. But OCR has a fundamental flaw: its performance is limited by the quality of the inbound document, which the receiver cannot control.

In the rapidly advancing landscape of document automation, CloudConnect is pioneering the future with our Intelligent Document Processing (IDP) service and a revolutionary AI-powered service launching later in 2025. By blending cutting-edge agentic AI with our proven, market-leading technology, we deliver 100% data accuracy, unmatched flexibility, and unparalleled automation rates.

For CPOs, Finance & Tech Leaders ready to drive meaningful transformation 2025/26: Efficiency Under Pressure Across the CPO office, recent surveys tell a familiar story: • Do more with less. • Redeploy talent to value-adding work. • Improve cash performance and margin across the procurement lifecycle. Sounds reasonable—until you look under the hood.