[LayerX] Bakraku applications and various approval requests are also compatible with AI-OCR. Enhance the manual entry-less experience *LayerX*
Press release: August 21, 2024
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Bakraku applications and various approval requests are also compatible with AI-OCR. Enhance the manual entry-less experience
LayerX Co., Ltd., which aims to digitize all economic activities, has added an AI-OCR function that automatically reads and inputs the necessary items of the uploaded file in the “General Application” in “Bakuraku Application”.
By greatly expanding the range of applications in which the AI-OCR function can be used, we will be able to reduce the time and effort required to manually enter applications in all business areas. https://bakuraku.jp/workflow/
Overview of AI-OCR function enhancements
“Bakuraku Application” has “Purchase Application”, “Purchase Management”, and “General-Purpose Application” depending on the usage scene and issue. “General-purpose application” allows for flexible customization of application forms and can be adapted to any approval process.
Until now, it was necessary to manually enter the necessary items for “general-purpose applications,” but with the addition of the AI-OCR function, it is now possible to read and complete input of basic items such as date, amount, and business partner when uploading documents. This is done automatically, reducing manual input and input errors during application.
Background of AI-OCR function enhancement
Since its release, the Bakuraku series has been working to create an experience that eliminates the hassle and mistakes of input, centered on AI-OCR, which uses AI to read the contents of receipts and invoices.
The work experience using AI-OCR, which can read multiple receipts at once and achieves both speed and accuracy, has been praised as supporting the work styles of management departments and employees throughout the company.
With the advancement of various technologies such as not only AI-OCR but also generative AI, starting in 2024, “AI-centered experience design (AI-UX)” will provide experiences where AI is naturally incorporated into work. We are focusing on further improving the efficiency of back office operations.
Among these, the AI-OCR function for “general-purpose application” corresponds to all kinds of approval requests, making the work of people using Bakaku easier than ever before.
In the future, the Bakuraku series will continue to pursue an experience in which “systems adapt to people,” rather than “people adapting to systems,” and we will continue to pursue applications and approvals in order to create a world where employees can engage in more essential work. We aim to reduce the amount of work itself to zero.
What is Bakraku application?
Bakuraku Application is a workflow system that allows you to create internal controls such as applications, approvals, and approvals according to your company’s rules, and utilizes AI-OCR to achieve almost zero manual input. Automatically link approval data to “Bakuraku Invoice” and automatically create journal entries and FB data. Approval/rejection can also be done from the chat app. https://bakuraku.jp/workflow/
What is Bakraku?
Bakuraku is a service that smoothly unifies expense management such as invoice processing, expense settlement, and corporate card payments. It also supports the Electronic Bookkeeping Act and the invoice system, seamlessly achieving both operational efficiency and legal compliance. Installed by over 10,000 companies in total.
https://bakuraku.jp/
Overview of LayerX Co., Ltd.
LayerX is a startup that implements AI-centered software experiences into society, with the mission of “digitizing all economic activities” and centered on SaaS + Fintech. Mitsui & Co. Digital Asset Management, a joint venture that aims to become a digitally native asset management company centered on the corporate expenditure management service “Bakurak,” utilizes large-scale language modeling (LLM) related technology to improve business efficiency and efficiency in companies and governments. We develop and operate “AI/LLM businesses” that support data utilization.
Established: August 2018
Representative: Representative Director and CEO Yoshinori Fukushima / Representative Director and CTO Yuki Matsumoto
Address: 5th floor, Ginza Shochiku Square, 1-13-1 Tsukiji, Chuo-ku, Tokyo Capital (including reserves): 13.26 billion yen
Corporate site: https://layerx.co.jp/
Recruitment site: https://jobs.layerx.co.jp/
Contact: https://layerx.co.jp/contact
Business site:
・Bakuraku: https://bakuraku.jp/
・Mitsui & Co. Digital Asset Management: https://corp.mitsui-x.com/ ・Alterna: https://alterna-z.com/