Optical Character Recognition (OCR)
A method which converts printed texts to a digital format. To this end, it uses a scanner which can read output from all kinds of printers. There is one condition, however: the text on the paper must be legible.
Companies often use OCR to digitize documents with which they need to work further in their company information system.
In the case of processing received invoices, OCR systems are high-maintenance, inaccurate and thus costly, due to wide variability in the formats of received invoices.
This pitfall can be avoided with the help of automated solutions such as iNVOiCE FLOW, which do not require any rules or templates to be set up for each new invoice format.