Entries by aseali
Invoice OCR Software Features
When using invoice OCR software to automate the business processes of the AP department, you expect certain functions to be performed. Collecting invoices from different sources, extracting data from invoices with high accuracy, reading existing and new invoice templates, full integration with ERP and accounting systems. An invoice OCR software with these features greatly reduces […]
OCR vs ICR: A Comparative Analysis
Both OCR (short for optical character recognition) and ICR (short for intelligent character recognition) are solutions for extracting data from images. Any type of document can be handled with these two technologies, which basically read the document and convert images to processable electronic data units. What are the pros and cons of OCR? OCR is […]
How Does Form Extraction Add Value to Any Organization?
Why is form extraction so important? Let’s try to make a list of paper form types, which contain valuable data for organizations. Account opening forms (Banking, Insurance) Customer satisfaction forms (Retail, HORECA, Services) Job application forms (All industries) Proof of delivery forms (Transportation, Courier) Medical record forms (Health, Medicine) Complaint forms (Public sector, Aviation) Registration […]
Invoice Processing Automation with OCR
Paper invoices still occupy a huge place in day-to-day business operations. Accounts payable team needs to collect, process and distribute invoices properly to manage payments. When performed manually each step of invoice processing takes a lot of time and usually cause delays and bottlenecks. There is an effective solution of this frequent problem: invoice processing […]
How to Design Automated Invoice Processing Framework?
Automated invoice processing is extracting data from incoming invoices and transferring it to any ERP or financial system within seconds. To achieve this task, companies need a well-designed framework which works seamlessly. Processing invoices and payments is a complex and a very time-consuming process with hundreds and thousands of invoices arriving in various formats (e-mail […]
Why Intelligent Automation Is the First Step of Digital Transformation?
As the amount of data companies need to process in day-to-day operations becomes larger and larger, business processes get more sophisticated and intelligent automation needs gain urgency. There are many competencies that companies have to possess to keep pace with these requirements. Digital transformation is the overall framework which can be defined as the process […]
