What is Optical Character Recognition and How Does AI Make it Better?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Document Scanning Reaches New Heights with Optical Character Recognition and Artificial Intelligence Optical Character Recognition or OCR is the technology used for recognizing text from printed or handwritten documents and converting them into digital format. In other words, it is a software that extracts data from scanned or photographed versions of physical documents and […]
OCR vs. Scanning – How are OCR Document Scanners Better?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Say no to Paperwork by Saying Yes to Intelligent Scanning with OCR What do people do when a physical document needs to be digitized? Scan it, of course! But scanning using standard equipment has its limitations. You can scan a document and convert it into an image or doc file, but you can’t […]
Digital Transformation – A Disruption Critical for Dramatic Growth
[vc_row pix_particles_check=””][vc_column][vc_column_text] Digital transformation is the fourth industrial revolution that is designing the way companies work and do business. To stay competitive and thrive at the opportunities at the right time, industries are adapting to the digital workspace and changing their business models for a more disruptive and flexible approach. To follow the best digital practices, […]
Why is Automation More Critical than Ever During the Pandemic?
[vc_row pix_particles_check=””][vc_column][vc_column_text] The coronavirus or COVID-19 pandemic has taken over the whole world, and more than 150 countries are impacted by it. The economies have fallen short of handling the situation, and most of the countries project a negative growth in the gross domestic product for the current financial year. The new normal of life now involves […]
Reinforcement Machine Learning and its Influence on Document Data Extraction
[vc_row pix_particles_check=””][vc_column][vc_column_text] Remember how kids are taught good behaviour? A child is given candy after dental checkups, chocolates for good grades and so on. This is called positive reinforcement. If you got an amazing gift from your parents after high school grades or a bonus for being an employee of the year that’s positive reinforcement right there. […]
Why and How to Digitize The Accounting Function?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Accounting in some form or another affects everybody’s life –it might be the accounting of food stock, or, expenses of an organisation. Without accounting its impossible for any business to survive. As per the business directory, the definition of accounting is “ It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, […]
Is AI really useful? An ROI point of view
[vc_row pix_particles_check=””][vc_column][vc_column_text] Technology is constantly evolving. Every innovation is the first step for further improvement. The world of business assimilates these changes and adapts itself, evolving itself constantly. The creation of the world’s first programmable computer is attributed to Konrad Zuse, when he built the Turing-complete Z3 in May 1941. The real boost was delivered by ENIAC a […]
Achieve 90% Accuracy in 90 days in Document Data Extraction
[vc_row pix_particles_check=””][vc_column][vc_column_text] KlearStack is an Intelligent Document Processing platform embedded with artificial intelligence and machine learning to provide seamless document data extraction from invoices, payment orders, receipts and more. KlearStack solutions are developed to solve the challenges of manual processing of documents which is a time-intensive and error-prone process and is carried out in most of the […]
Go Green with Yellow – How to Bring Paperless Office Culture?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Not long ago, the revolution of digitization started and many of the industries started moving towards paperless technologies for efficient management and optimal use of the resources. With the advent of cloud storage and digital document management, creating and sharing of the virtual documents have become the new norm. The papers are being replaced […]
Top 5 Advantages of Automated Invoice Processing with OCR
[vc_row pix_particles_check=””][vc_column][vc_column_text] Every growing business has an accounts payable team; a team that knows all too well, how time-consuming and tedious invoice processing can get when done manually. According to Sterling Commerce, it costs about $30 per invoice to process manually, with the added risk of multiple errors. Not to mention the need for extra storage […]