Retarus announces a major update to its Intelligent Document Processing (IDP) solution. This update fully automates purchase-to-pay and order-to-cash processes and facilitates efficient and reliable communication throughout the supply chain. Retarus IDP enables rapid support at scale for new use cases by leveraging continually updated AI models that adapt to specific document types.
Automated processing of business documents streamlines cashflow and reduces costs by approximately 60% compared to manual order processing. Built on state-of-the-art, multimodal AI technologies and featuring human-in-the-loop (HITL) controls, Retarus IDP achieves up to 100% accuracy. Risks along the supply chain process, such as returns and delays, can be reduced significantly.
Customers can tap into more than 20 years of Retarus EDI expertise to automate transactional data flows across decentralized ERP systems across countries and regions. The combination of Retarus IDP and EDI Services enables customers to transfer mission-critical information – into ERP systems, irrespective of whether the underlying data was captured by scan, email or fax.
The Retarus IDP Solution is obtainable directly in the DACH region today and will become available in the US and further European markets during 2025.
For more details, please take a look at our recent press release.
