DocsInBox.AI

2024: DocsInBox.AI Introduction

The DocsInBox service will invest 30 million rubles in its own AI solution for restaurants. The company announced this on June 6, 2024.

DocsInBox

As of June 2024, 15 million rubles have already been spent on product development.

During testing the solution, DocsInBox analysts found that the accountant's labor costs for working with items decreased by 25%. In money for the owner of the point, analysts estimate the savings at 1.5-2.4 million rubles - depending on the rate of the accountant of the HoReCa segment in the region where catering works.

DocsInBox.AI is based on a language model NLP (natural language processing), which analyzes a set of items in a restaurant, compares them with what the supplier sent, and based on these data , selects the most suitable items. The model is trained on an array of data from:

• more than 30 million electronic invoices;
• more than 50 million documents from government services (EGAIS, FGIS Mercury);
• more than 11 million manual comparisons.

DocsInBox processes more than 1 million documents each month that contain item information. As of June 2024, most test samples show AI results of at least 75% in the top 3.

The restaurant receives hundreds of units of products with different names. The accountant must correlate the name of each item from the supplier with what is already present in the restaurant's accounting system. For example, a product called "Canned Tomatoes" came to the restaurant, and in the accounting system it is listed as just "Tomatoes." In order for the system to understand that the items are the same and to correctly accept the goods on the balance sheet, usually the accountant must manually mark such a correspondence. This takes from half an hour to three hours a day - depending on the volume of purchases. For a year, this is a lot of money for business: often an accountant at a restaurant not in the state, but at an outsider or hourly rate, "said Leonid Dovbenko, co-founder of the DocsInBox service.

We decided to launch our own product not only to improve document handling, but also to help our customers reduce costs and increase revenue. According to the latest study by Yakov & Partners and Yandex, 68% of Russian companies noted a significant financial effect on EBITDA from the introduction of artificial intelligence up to 5%. The main advantage of using DocsInBox.AI in the market will be a reduction in the time spent by employees to work with items, which will lead to a decrease in costs in the restaurant, "said Stanislav Seleznev, co-founder of the DocsInBox service.

AI-based products for the restaurant business are more often developed to solve other problems, and not to reduce costs. For example, to personalize menus or create attractive food photos. Our decade-long experience in catering has allowed us to go further and develop DocsInBox.AI. We are confident that all our customers will appreciate the effectiveness of this approach, and we will continue to create new products specifically for the restaurant industry, "said Evgeny Lebedev, Director of Service Development at DocsInBox.

The penetration of artificial intelligence into the restaurant business remains low in Russia. The catering sector and tourism are 15th out of 16 on the list of industries using artificial intelligence.

Following the pilot launch, DocsInBox has introduced an AI solution into its software on an ongoing basis - and will continue to test other artificial intelligence-based developments.