The concept of data capture with Optical Character Recognition (OCR) has been around for quite some time, OCR is the technology that allows software to interpret machine printed text on scanned images.  The idea of utilizing Accounts Payable (AP) Data Capture OCR technology is to reduce the amount of time AP employees spend processing invoices.  With an automated OCR system, as much as 75 percent of the time spent using conventional methods of AP processing are saved, resulting in fewer errors, reduced costs, quicker invoice processing cycles, visibility, workflow, improved compliance and reporting.

Featuring Insights on:

• Data Capture for Accounts Payable
• Transforming Documents into Business Ready Data
• Building a Case for Data Capture
• Imaging Solution Road Blocks
• The Data Capture Process
• Different Components of OCR Applications
• Manual vs. Automated Data Capture

 

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Table Of Contents

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Executive Summary
Building a Case for Data Capture
Imaging Solution Road Blocks
AP Automation – From Front to Back
The Data Capture Process
Putting the Pieces Together
Various Forms of Image Recognition
ABBYY
Conclusion
Research Methodology
About PayStream Advisors