Autodocs AI System Automates Invoice Management for Businesses
Translated & summarized from Israel Hayom by baba
Autodocs, an Israeli startup founded by Natanel Shemesh and Natan Yagudin, has introduced an AI-powered system to automate invoice and receipt management for businesses. The platform connects to email, extracts data using AI, and centralizes documents, reducing manual work and potential errors. This system aims to integrate with existing accounting software and offers secure data handling, with a free trial available.
The story in 6 lines · by baba
- Autodocs uses AI to automatically collect and process invoices and receipts from business emails.
- The system extracts key data like supplier, date, and amount, centralizing financial documents.
- Co-founders Natanel Shemesh and Natan Yagudin aim to reduce administrative burdens for businesses.
- A 2025 IFOL study showed over 60% of businesses spend significant time on manual invoice processing.
- Autodocs integrates with existing accounting software and offers secure, encrypted data storage.
- The company provides a free trial to allow businesses to experience the automated system.
Autodocs, an Israeli startup, has launched an AI-powered system designed to streamline invoice and receipt management for businesses. Co-founders Natanel Shemesh and Natan Yagudin explained that their platform aims to reduce the significant administrative burden associated with processing financial documents.
Many businesses, even those operating digitally, still spend considerable time manually collecting, filing, and inputting data from invoices. Autodocs addresses this by connecting to a business's email, automatically identifying and extracting key information from invoices and receipts using AI. This centralized approach aims to prevent documents from being missed and ensures timely processing.
An international IFOL study from 2025 indicated that 63% of respondents in supplier payment processes spent over ten hours weekly on invoice processing, with 66% manually entering data into ERP systems. Shemesh noted that the volume of documents is constantly increasing, leading to time and stress for businesses at month's end.
The Autodocs system connects to a business's email, with its AI engine identifying invoices and receipts, then extracting details like supplier name, date, and amount. This allows for quick retrieval and organization, eliminating the need to search through thousands of emails. The platform presents the extracted data alongside the original document, allowing for easy verification and correction, though most documents are processed accurately without manual intervention.
Autodocs is designed to complement existing accounting software, not replace it, offering integrations with services like Google Drive, QuickBooks, Xero, and SAP. The system is suitable for freelancers, small to medium-sized businesses, and accounting firms, providing secure, encrypted storage with access controls. The company offers a free trial period, emphasizing a user-friendly experience where invoices are automatically managed, freeing up business owners to focus on core operations.