What is invoice processing?
Invoice processing is a daily routine that every company needs to go through. In a single workday, one might have to process large amounts of invoices manually. Having to go through each invoice and looking at all the information one by one can be a very tedious job. It can take time away from other tasks that need to be completed. You would be wasting resources when you could allocate it somewhere else.
How can OCR enhance invoice processing?
The reason that invoice processing is such a slow and tedious job is because it is done manually. With the help of optical character recognition (OCR) technology, these tasks can be completed much quicker. With a software containing OCR capabilities, the computer can now recognize the invoices that you would normally need to go through with a person and have them enter the information one at a time. With this software, it will enable the computer to electronically compile the information which will save a lot of time.
Solutions to OCR invoice processing
Invoice processing is a part of every company so there is no way around it. While it might not seem tedious if you enter one piece of paper, if you look at the long run, it builds up and sooner or later, it will become a problem. If you want a software that can automatically process invoices for you, you should try Trapeze from CVISION. It contains high accuracy OCR which can process with high efficiency as well as a low rate of error. It can also be customized to fit your specifications. To learn more about Trapeze, contact CVISION or you can download our brochure right now.