Tech News: OpenEnvoy promises perfect data extraction

Payment and cash flow management solutions company OpenEnvoy announced a major revamp to artificial intelligence capacities in its AP automation platform. With these new capacities, OpenEnvoy is now guaranteeing its customers 100% accurate data extraction. This eliminates the need for vendor setup and customer input. Furthermore, the system automatically recognizes changes to a supplier's format without human input, eliminating the legacy experience of vendor portals and onboarding. In addition to drastically reducing document processing costs, OpenEnvoy's solution immediately satisfies international compliance requirements by removing human error from the e-invoicing process.

R&D tax credit intelligence solutions provider BoastAI announced the release of an AI-enabled universal data ingestion feature. By automatically classifying relevant projects, this new feature helps small and midsized enterprises access more of the estimated billions in R&D tax credits that go unclaimed each year across North America. The new feature allows clients to connect system-specific project data through the Boast AI customer platform. The AI classifier utilizes an advanced algorithm to accurately map each task to its respective R&D project, assigning a confidence score that represents the accuracy level of the mapping. The system also automatically filters non-R&D projects based on the information provided. The technical analysis from the AI classifier allows Boast AI's experts to create comprehensive reports and summaries to further strengthen and streamline the R&D claim process. 

CountingWorks Pro, touted as a virtual front office for tax and accounting firms, announced the release of its client intake platform, which it calls ClientHub. The new platform provides tools for pros to create client proposals, accept payments, eSign engagement letters, and automate intake forms, questionnaires, to-do lists, and partner workflows. Users can choose from a library of pre-written templates or create their own. Additionally, ClientHub eliminates the need for multiple software programs and digitizes every step of the client journey.