Intelligent Document Automation – A Better Way to Paperless AP Automation
[vc_row pix_particles_check=””][vc_column][vc_column_text] In the previous articles, we have seen how traditional and template-based OCRs drastically failed the idea of setting up a paperless AP automation. The impact of template-based OCRs was so horrible that the employees literally switched their Google searches back to “how to convert PDF to Excel manually”! Accounts payable (AP), being an important […]
Why Data Extraction Using Traditional OCR Technology May Be Slowing Down Your Business
[vc_row pix_particles_check=””][vc_column][vc_column_text] If your internal business operations are nonetheless stuck at traditional Adobe to Excel conversion, your business seriously needs a boost. You do have an OCR software installed at your premises for data extraction and processing, but manual verification, interpretation and rectification of the extracted data are still parts of your document processing task. Traditional OCR […]
Cost-effective Ways to Convert Invoice to Excel
[vc_row pix_particles_check=””][vc_column][vc_column_text] Every organization has a set of structured and unstructured data stacked up somewhere or the other. Out of the unstructured documents, vendor invoices form a non-trivial part. With the advent of digitalization, paper-based invoices are now replaced by digital counterparts. But, the number of PDF invoices piling up on the AP (accounts payable) […]
Invoice Automation – A better way to a paperless initiative than manual data entry
[vc_row pix_particles_check=””][vc_column][vc_column_text] When we talk about a paperless initiative, it means we are trying to eliminate paperwork in its entirety from all the paper-based processes. If papers are nevertheless going to be used anywhere in the process, it cannot be termed as paperless. In the previous article, we portrayed four different approaches to a paperless office. […]
Reduce TCO of paper-based processes with paperless document automation
[vc_row pix_particles_check=””][vc_column][vc_column_text] In the previous blog, we established a firm foundation for a paperless office in the form of invoice automation. Taking it forward, this post talks about the costs associated with paperless document automation. Since every organization has 20% structured and 80% unstructured data with vendor invoices forming a non-trivial part of the latter, reducing […]
Paperless Invoice Processing with KlearStack’s IDP Solution
[vc_row pix_particles_check=””][vc_column][vc_column_text] In today’s digital world, businesses are striving to achieve complete paperless invoice processing automation to streamline their accounts payable (AP) operations. Manual invoice processing is a tedious and time-consuming task that can result in errors and delays, leading to inefficient AP workflows. By embracing paperless invoice processing, businesses can achieve greater efficiency, accuracy, […]
How is AI revolutionizing Accounts Payable Invoice Automation?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Long before our country embraced civilization, millions of invoices were to be processed in a month. The finance sector was looking for a much-needed change in their traditional invoicing workflows which involved hand-to-hand exchange of invoices and payment. The accounts payable (AP) processes were entirely manual and human-dependent. This manual process was time-consuming […]
How AI-driven OCR solutions trump traditional OCR for improving business efficiency!
[vc_row pix_particles_check=””][vc_column][vc_column_text] Artificial Intelligence (AI) has already transformed our everyday lives with its contextual data processing characteristics and adaptability. Google’s predictive search, Siri, or Alexa are alien to none. However, businesses are one step ahead in leveraging the pool of opportunities brought by AI. The technology has entirely evolved the business scenario by streamlining the […]
How is the Accuracy Rate of an OCR Scanner Measured?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Every organization wants accurate data to run its operations smoothly. Thus, we need to obtain data in an editable and structured format, but data entry without smart technology is a dead end. Time and manual efforts required for the task only make the process slower and inaccurate. The most popular technology for data […]
How Can I Improve My OCR Accuracy Rate?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Intelligent Data Capture: How Accurate is it? With more and more organizations looking to automate their business processes, especially tasks like data entry, there is a widespread need for an intelligent platform that can help scan and convert text from physical documents into digitally accessible version. Optical Character Recognition is a technology that […]