May 2018 issue of In Business Magazine

Page 11



by Mike Hunter

AI Automates Accounts Payable Digitech Systems’ new PaperVision Capture R87 software helps businesses simplify the process of converting to automated Accounts Payable (AP) processes. PaperVision Capture can virtually eliminate manual data entry of financial information, while digitizing AP process. A patented artificial-intelligence engine within PaperVision Capture can automatically recognize invoices, classify them by vendor, and extract all the data needed for a business to upload to its accounting application. Its threeway match electronically compares details from purchase orders, invoices, and goods received receipts — even if they’re housed in different applications. Additional features also enable automated workflow of invoices through approval processes and secure long-term storage of financial information either on-premises or in the cloud.

‘Netflix For Business’ Bizversity is aimed at the 800 million people worldwide who are business owners. The platform, suited to the fast-paced, mobile

On-Demand Home Buying/Selling OfferPad’s on-demand technology platform provides homeowners the ability to move freely, eliminating the stress and unpredictability associated with the traditional real estate process. Homeowners visit, request a free purchase offer and, within 24-hours, receive an offer on their home. Once an offer is accepted, people can select their closing date. Buyers can access and self-tour OfferPad homes on their own time through a feature on the site called Instant Access. They can also view home details and initiate an offer. In addition, buyers can view other nearby homes, provide feedback or request an Agent-on-Demand to help them with the process if they choose. OfferPad also works directly with homebuilders and other real estate technology companies to provide homeowners with more options to buy and sell their homes. OfferPad started the company in Arizona and is headquartered in Gilbert. The city is on TIME Magazine’s list of The 20 Hottest Cities for Tech Jobs Now, and, as such, is an ideal market

nature of businesspeople today, is an app compatible with mobiles, tablets and TV, like Netflix, but instead of dealing with the realm of entertainment, it hosts more than 1000 on-demand business training videos

for the type of consumers hungry for this real estate revolution. We have an enormous pool of smart, savvy and talented people, and with the influx of new residents comes a need for housing. The rise of the on-demand consumer has changed the way a myriad of businesses operate — from food service to package delivery — and it was just a matter of time before the real estate industry would need to evolve its operations to better suit today’s buyer and seller. After years of working in various real estate endeavors independently, OfferPad’s founders, Brian Bair and Jerry Coleman, teamed up in 2009. Since that time, the innovative duo has bought and renovated, then sold or rented, more than 100,000 homes across the U.S. With their unique insight into what homeowners need today, they launched OfferPad to give freedom to families and provide convenience, control and certainty when it’s time to sell and buy a home. —Cortney Read OfferPad

after partnering with 250 business experts. Broken into channels, users can find videos on more than 80 topics such as SEO, how to create new leads, and easy-to-follow “how-to” technology software guides users can implement in their business. Currently, Bizversity is free, but in the middle of 2018, the company will be launching its paid subscription service via a freemium model.

Solution for Real Estate Lenders The Solex eClosing and eVault solution by Idaho Falls, Idaho- and Scottsdale, Arizona-based Docutech, the leading provider of document, eSign, eClosing, and compliance technology for mortgage, home equity and consumer lending, has been approved by Fannie Mae for eClose, eNote, and eVault functionality. In addition, the Solex eVault has received certification from the MERS eRegistry for all eNote management transactions. Solex eClosing and eVault enables lenders to securely close and register electronic notes on the MERS eRegistry and deliver them with full confidence that each mortgage satisfies investor requirements.

WalletHub recently named Scottsdale 14th on its "Happiest Cities in America" list for 2018.


MAY 2018


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