We’re often asked about typical recognition rates of optical character recognition (OCR) solutions used for accounts payable automation. While this can be an interesting topic to discuss, there is much more to OCR than just recognition rates on characters and fields.
Using accounts payable invoice processing as the backdrop, the real objective when using OCR should focus on processing efficiency – the ease and speed by which personnel can validate and correct invoice data when needed – rather than focusing strictly on the capture rates.
Here are some of the key elements of high-efficiency OCR processing:
When considering OCR or intelligent capture as part of an AP automation initiative, implementing a solution that enables an efficient validation process is a critical success factor.
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