Dost Whitepaper

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Introduction

Intelligent automation to process supplier invoices in companies of any size.

Our digital worker will help you save time, completely eliminate manual invoice processing errors and improve process efficiency thanks to artificial intelligence.

In just 3 simple steps DOST processes, posts and transfers the information to the appropriate application:

  1. Dost connects to mail, cloud storage or document repository for invoices.
  2. Dost reads the information on your invoices, extracting all the information from them, makes sense of the data and prepares it for action.
  3. Dost prepares the information to be perfectly included in the ERP and sends it through its API.

Why Dost for Invoices?

Customer benefits

Saves time and money

Dost helps you reduce the time and cost of processing vendor invoices.

Eliminates human error and inefficiencies

Dost minimizes human error when entering data into your ERP and all manual, repetitive and inefficient tasks.

Innovation and productivity

More resources and budget available to invest in innovation and be competitive in the market.

Technological benefits

AI and IPA in the heart of Dost

Traditional OCRs are not intelligent and must be configured and maintained.
We use AI/ML and IPA to extract invoice data, process it and automate the process.

SaaS, Secure and without installation

Dost is a software as a service that requires no installation or maintenance and is hosted in the cloud, complying with the most demanding security measures.

Description of the problem

This is considered a repetitive and inefficient task, due to the repetition mechanism identified by reading data manually and entering it without any automation process.

Once the data has been entered into the company's ERP, we find that a number of the company's tools are not updated or do not have the latest information entered/modified from the ERP.

This generates a possible scenario of human error by not having different data sources integrated.

In addition, the company uses an OCR as a data processing technology, so it is forced to keep the information up to date and make a subsequent proofreading.

How do we solve it?

Dost connects your company's data sources; we integrate it with your mail, cloud storage or company file manager, or upload the invoices you want our software to process in an automated way.

Dost reads the information in your invoices, extracting all the necessary information from them, makes sense of supplier invoice data thanks to artificial intelligence and prepares them for action.

Dost automates the process of data entry into your ERP or accounting software. Dost knows that the power of information lies in the ability to share it. That's why it prepares the information to be seamlessly included in your ERP. Approvals, corrections or the status of your invoices up to date.

Benefits

The main benefits of using Dost's software are based on the type of technology it uses. Dost uses Artificial Intelligence and intelligent process automation to extract data from your invoices, process it and automate the process. Dost saves you time and money.
Helps you reduce the time and cost of processing vendor invoices. Eliminates human error and inefficiencies. Dost minimizes human error when entering data into your ERP and all manual, repetitive and inefficient tasks.

Dost is a software as a service that requires no installation or maintenance and is hosted in the cloud complying with the most demanding security measures. Secure and without installation.
Dost automates the data entry process to your ERP or accounting software. We know that the power of information lies in the ability to share it. That's why we prepare the information to be perfectly included in your ERP. Approvals, corrections or the status of your invoices up to date.

Dost in data

  • By 2020, more than 48% of firms in the country allocated between 5% and 15% of their IT budget to SaaS.
  • Spanish companies' investment in SaaS started to increase from 5% to 15% of total investment.
  • 69,524 companies active in the ICT sector, including those based on data processing.

Use cases

What does it mean to use other technologies?

OCR: An OCR forces you to update formats every time an invoice changes (it costs time and resources). An OCR does not know if the extracted data is correct or not. It is only valid for environments with little change (Same suppliers, invoices with the same format always).

RPA: An RPA is only capable of automating repetitive tasks, it does not read and make decisions based on values. It is a rigid tool that must be adapted to each use case/document. An RPA has no ability to distinguish what data it is passing.

Team of people: People are a high cost for a non-value-added task that can be automated for much less money. People are a high fixed cost. People fail and get tired.

AI Software: An own AI forces a very expensive training process (a lot of time). You don't get upgrades from outside, you have to create them yourself. Support is expensive. There is investment (CAPEX).

ERP: Functionality will be very limited as part of a larger package.
Receiving upgrades will be complicated. Support is expensive and there is usually CAPEX.

EDI: You cannot integrate with all suppliers. An EDI system makes you a slave to those suppliers. You cannot have the flexibility to post invoices that have not been previously processed as a purchase order.

Why do I need DOST?

OCRMuch more flexible, much more reliable and it does not require time for your team to set up templates of any kind. It does not drag errors to the ERP. Collect all the improvements and you always have them
RPADost reads and interprets, and is able to know errors in data. It alerts on unknown events and unreliable data. Automates processes where decisions must be made about data.
Teams of peopleDost reduces task cost by up to 85%. Employ your workers in higher value-added tasks, multiply your capacity to have more customers and keep your workers happier.
AI SoftwareWe don't need training: It comes already trained. Support is included in the monthly cost. SaaS. One brain for all: Every improvement that happens in the world, you have it instantly available.
ERPWith DOST you are not dependent on your ERP, and you can connect it to any tool you want, thanks to the integration API. Improvements are instantaneous and global and it comes already trained.
EDIAll purchases and invoices that do not go through EDI can be processed and automated by Dost. In addition, you can discover price variations, incorrect taxes, etc.

Company milestones

Dost selected by Microsoft for accelerator program that helps startups scale quickly

Dost's vision is to create a Dost Digital Brain (DDB) that has the ability to read, think, intuit and act like a human. The startup is creating Digital Coworkers, powered by the DDB, that will enable workers to be more strategic and efficient, while fully automating operational, financial and related processes.

In addition, Dost wants to democratize Artificial Intelligence and automation, to make Digital Coworkers accessible to all organizations.

Therefore, it will use the Microsoft Azure solution and, in particular, Azure Cognitive and Analytics services to reach a large-scale audience in a short time, with built-in redundancy and security.

Dost automates the process of data entry into your ERP or accounting software. Dost knows that the power of information lies in the ability to share it. That's why it prepares the information to be seamlessly included in your ERP. Approvals, corrections or the status of your invoices up to date.

We enter the top 50 startups with more projection of Catalonia

Dost entered the ranking of the 50 startups with more projection of Catalonia in the Catalan Pitch Competition 2021, where different promising companies are collected with the aim of connecting them with the world of private investment.

We are in second place in the SeedRocket ranking.

SeedRocket held its 26th edition of the Entrepreneurs Campus, and on this occasion, Dost could not miss it.

SeedRocket's network of mentors selected three winning startups, which had the chance to win different prizes valued up to €25,000, as well as enter the possibility of receiving up to €300,000 in funding from the accelerator's investment network.

Among these finalist startups, we came in second place!

And what better way to celebrate than with the Dost team and our entire community.

We can proudly say that it was a very exciting and enriching edition, where we were able to meet other projects to which we wish all the luck in the world in their development.

Still have questions?

Discover Dost’s software firsthand, See the automation process that our software performs to process different types of documents from start to finish. Schedule a meeting with our team here!

Download the Dost Whitepaper