Workist

Workist provides an AI-driven business process automation tool with a focus on extracting, validating, and transferring data from purchase orders, saving businesses time and preventing expensive order mistakes. The company uses AI to process many formats of digital documents, recognize the layout and extract data accordingly, validate it to ensure 100% accuracy, and transfer it to the relevant systems.

Several other tech startups leverage AI to automate document processing, but Workist has found a gap in the market by focusing specifically on purchase order sheets, a process that is prone to expensive errors and unnecessarily repetitive workflows. The company claims that it will reduce the time spent on each order by four hours, reducing errors by 80% and saving up to $300K per year. It's clearly reaping results, having received significant funding from investors and incubator initiatives since 2019.