Optical character recognition solutions transform processing across the enterprise.
Organizations can then use these digitized files, such as receipts, contracts, invoices, financial statements and more, to simplify the finding, referencing, updating and repurposing of crucial information and data.
How does OCR technology benefit organizations?
When integrated with an information management system, these tools transform business processes and quickly provide substantial return on investment. They are especially crucial for organizations where staff are devoted to invoice scanning and manual document and data processing. Some benefits include:
- Improved process speed through reduced manual effort
- Workforce optimization by reallocating staff to higher-value tasks
- Reduced labor costs associated with manual data entry and document-related processes
- Improved process agility through easily configurable templates
Some data capture systems even have the ability automate the entire front-end data capture process to kick off downstream processes organization-wide. As incoming information and delivery formats increase for most organizations, the time and resource savings provided by these tools is invaluable.
How do OCR solutions improve information accessibility for users?
A common application is the automated conversion of an image-based PDF, TIFF or JPG into a text based machine-readable file. Once processed, digital files, such as receipts, contracts, invoices, financial statements and more, can be:
- Searched from a large repository to find the correct document
- Viewed, with search capability within each document
- Edited, when corrections need to be made
- Repurposed, with extracted text sent to other systems
With intelligent capture solutions, OCR technology can be built around an organization’s specific documents and processing requirements, and is easily adaptable as business needs change and grow.
What makes Hyland unique in the world of data capture?
Hyland’s content services centralize vital data and technology infrastructure in one secure location, making content and processes manageable from one platform. By employing and maintaining a single enterprise platform with data capture features, organizations reduce costs, accelerate processes and improve customer service.
Deployed in the cloud or on premises, and expertly tailored to your needs and industry, Hyland solutions dramatically impact employee and customer experiences.
Find out more in Discover Hyland: An introduction to our content services.