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How can OCR benefit our AP process?
Optical Character Recognition is a proven technology which can deliver high levels of accuracy for automatically extracting data form paper and PDF invoices to your AP system. OCR can significantly reduce manual keying tasks which are themselves prone to errors.
OCR combined with advanced fingerprinting technologies has many fail-safes built in – this means that you rely on the technology to automate the capture process and also identify any invoices where the OCR system is not 100% certain it has got it right. This allows you to move your resources to management by exception rather than managing every individual invoice manually.