What is data capture?
Data capture software can automatically identify text within incoming documents and extract relevant information. Data capture software is used to speed up and simplify the processing of scanned documents. Instead of going through piles of paperwork manually, you can use software to capture all of the information contained within the document and put it into a spreadsheet.
Using data capture for invoices
One type of document that can really benefit from data capture is the invoice. Invoice forms are semi-structured, meaning that they have the same basic format, with some minor variation. This structure enables software to use similarities common to different invoices in order to identify the important data fields and extract text. This process saves you the time it would take to handle the invoices manually.
Data capture software for invoice
If you want data capture software to process your invoices for you, you should try a solution like Trapeze from CVISION. Trapeze automatically classifies invoices, recognizes text, and extracts information from relevant data fields. It even reconciles incoming information with what has been processed previously, and ensures accuracy through its validation tool. To learn more about how Trapeze can improve your office operations, download a free brochure.