What does OCR have to do with invoices?
If you process invoices manually, then OCR has absolutely nothing to do with it. However, if you think that is an inefficient method of handling invoices, then you need to know about how OCR can be incorporated with invoice processing. OCR stands for optical character recognition and it allows the computers to read, analyze, and understand text from scanned papers. With this technology, the computer can now extract the information that you need, which automates this process.
How will automation help me?
You might think that automation will not be that beneficial because it does not take a person that long to process an invoice. It might be true that it does not take a person that long to process an invoice but compared to a computer automating it, it takes forever. Imagine a company that has to process invoices at a large volume, without automation, it would take an eternity. Not only that but by choosing to automate, you save valuable resources because the people that are normally doing this can now spend their time on other tasks.
Where to start automating?
If you want to implement an automation system for invoice processing in your office, you must find one that is right for your company. CVISION is perfect because their product Trapeze has the best OCR engines available. In addition to that, they are able to customize their product so that it best fits your needs. That way, your company can get the most out of it. If you want to find out more about Trapeze,feel free to contact CVISION.