What is invoice processing software?
Invoice processing software, as its name suggests, processes invoices automatically and reduces the need for manual data entry. With the help of batch invoice processing software, you can let all of your invoices be handled automatically, so that you and your employees can focus on other tasks. Invoice processing software classified incoming documents and extracts relevant information, compiling it in a convenient database.
The role of OCR in invoice processing
OCR is an important component of invoice processing, and the quality of the OCR determines the accuracy of the software. OCR enables invoice processing software to recognize the text in your invoices so that it can be extracted and processed. With optical technology, OCR uses the outlines of letters and numbers to identify individual characters and convert scanned documents into fully searchable content.
Choosing OCR batch invoice processing software
Because there are many different options when it comes to invoice processing, it is important to choose the right one. You need to ensure that the software meets your accuracy standards, and you should also consider batch processing capabilities if you have a large inflow of documents. CVISION offers an invoice processing solution called Trapeze, which excels in accuracy and can process large volumes of documents instantly. Contact CVISION to learn more about the benefits of using Trapeze to process your invoices.