Optical character recognition (OCR) software, also called document capture software, is designed to scan various types of documents, process the content within said documents, and extract actionable data. Extracted data is then routed into predefined workflows and relevant software tools across the business on an as-needed basis. Documents processed with these platforms typically include invoices, receipts, client forms, and staff paperwork.
These tools can be used by accounting, human resources, and data entry teams to glean important information from mass quantities of both paper and digital files. OCR software can greatly reduce time spent on manual entry, minimize critical errors, and improve fraud detection efforts. Certain tools in this category can also make documents searchable and neatly organized for later access by the necessary individuals within the organization.
Products in the OCR category may utilize advanced technology such as machine learning software, natural language processing software, and image recognition software to intelligently scan documents and continuously improve based on patterns and user behavior. Finished files may be transferred to enterprise content management software for archival. Business-ready data that is extracted using these tools can be transferred into various platforms based on the needs of the organization. These can include CRM software, ERP systems, and accounting software.
To qualify for inclusion in the OCR category, a product must:
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IBM Datacap, recognized by Harvey Spencer and Associates as the #1 Capture provider in the Worldwide Software Vendor Capture Report, enables enterprises to automate digitization, classification, and extract important structured and unstructured from business documents to reduce or eliminate manual entry and errors, increase efficiency, productivity, and business insights. IBM Datacap supports the next generation of data capture using artificial intelligence to reduce mundane tasks, reducing the
Docparser is a cloud based document processing and workflow automation software. Docparser boils down incoming business documents to the essentials and moves the extracted data where it belongs. Say good-bye to manual data entry and automate your business. Businesses in various industries use Docparser to automatically extract data fields from incoming PDF documents and automate Procurement, HR, Accounting and other business processes. Docparser is a non-disruptive solution to automate document
The data you need, exactly when you need it. Ephesoft Transact uses patented, supervised machine learning to capture and distribute data quickly, accurately and cost-effectively. The ability to learn “on the job” means that the system continues to get smarter over time, automatically processing new document types and formats. This nimble approach means no need to reconfigure processes every time there’s a format change.
OCR is a fundamental component of any data capture solution, helping businesses automate the scanning, data extraction and processing of documents, images and other files. This minimizes or even eliminates any need for manual data entry and maximizes the potential value of automation solutions.
Grooper enables rapid innovation for organizations processing and integrating large quantities of unstructured data using artificial intelligence. Created by a team of courageous developers frustrated by limitations in existing solutions, Grooper is an intelligent document and digital data integration platform. Grooper leverages patented and sophisticated capture technology, machine learning, natural language processing, and advanced image processing. Grooper - available, accessible, and transpa
A major problem of storing Dynamics CRM documents in SharePoint is the missing synchronization of privileges and permissions. This allows unauthorized SharePoint users to access private documents and sensitive data even if they don’t have CRM privileges to do so.
Infrrd's high accuracy document digitizing and automated data capturing OCR solutions improve cost efficiencies in the business environment, reducing the need for manual document sorting and manual data entry. Infrrd's OCR solutions have been providing substantial returns on the original investment from different sectors like retail, finance, vendor management systems, back office & BPOs etc. The machine learning algorithms used by the OCR, learn intuitively and scan invoices, receipts, busi
SoftWorks AI's Trapeze for Forms Processing automatically extracts relevant field-data from structured forms. Once Trapeze for Forms Processing captures the extracted data, it processes and validates the information and then outputs this information into a document database. Trapeze for Forms Processing differentiates itself by being a powerful, industrial strength, yet very easy to use software solution for automated forms processing. Organizations can easily leverage this robust software solut