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Data Semantics: Vendor Analysis — AP Automation solution overview, roadmap, competitors, user considerations, analyst summary

01/15/2024 By and

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This Spend Matters Vendor Analysis provides an overview of Data Semantics and its solution for AP automation.

AP automation systems bring efficiency to the often tedious and manual process of accounts payable. They streamline the entire workflow, from invoice processing to payment, thereby reducing the risk of errors and saving valuable time and resources. AP automation tools that use AI take this efficiency a step further.

Data Semantics is one such AP automation tool. It began as a services/data science company and branched into the SaaS space in 2021. Its invoice processing tool, Serina, processes invoices through AI and a guided OCR and comes with a trained chatbot to assist with vendor responses. It is a ‘gold standard’ partner with Microsoft and operates primarily in the Middle East.

This Vendor Analysis explores Data Semantics’ platform, application and supporting services. It also provides a list of Data Semantics’ competitors, tech selection tips and key analyst takeaways.

Here’s why Data Semantics matters:

To the market — Data Semantics processes invoices in an electronic format and seamlessly integrates with ERP systems. Data Semantics is a gold standard Microsoft partner.

To customers — Data Semantics focuses its operations primarily in the Middle East but has recently expanded into North America. The company targets businesses with a monthly invoice volume exceeding 1000, irrespective of the market segment or organizational complexity.

To potential buyers — Data Semantics captures invoices from various sources and achieves an effective digitization through an OCR. Its efficiency seamlessly extends to PO-based matching, tax compliance, GL allocations and the handling of exception flagging and processing.

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Vendor Analysis