Invoice Scanning OCR
As more and more of document work is being shifted into the electronic medium, one of the last remaining processes that is still primarily paper based is invoice processing. Invoices represent the purchase bills that businesses must pay to their vendors and sellers. Verifying and extracting the necessary data is done manually, though it is a slow and inefficient method. With modern technology you can perform invoice scanning OCR with automation software to make short work of invoices.
What is Invoice Scanning OCR?
Invoice scanning OCR is a term for technology that is capable of automating the invoice process. It accomplishes this through the use of OCR, or optical character recognition. OCR has the ability to read through and identify characters such as letters and numbers on a file and then convert them into text. Automation software takes it a step further by recognizing the necessary characters and then extracting them. This way the invoice is processed automatically and electronically. The invoices are saved into a database so that it is accessible for future reference. Invoice scanning OCR saves time and money from manual data entry and has been shown to be more accurate as well.
Invoice Scanning OCR Software
The biggest flaw of manual data entry is its inefficiency. It is slow, costly, and prone to inaccuracy, making invoice processing one of the most restrictive parts of a business. Instead of relegating employees towards going through and processing each invoice you can use automation software. The software will perform invoice scanning OCR with speed and accuracy. CVISION Technologies provides the most capable invoice OCR scanning with their versatile automation software.