What is invoice OCR software?
OCR in general stands for optical character recognition. OCR software uses the optical properties of text characters to identify text in scanned documents in order to transform scanned documents from a simple image to a fully searchable, editable file. OCR software can be used for invoices to make the contents of the documents machine-readable so that the information can be extracted into a digital database.
How invoice OCR can improve your accounts payable
Invoice OCR can completely transform the way that you handle your accounts payable. Instead of going through documents individually and verifying information by comparing it to older records, you can let the software do everything for you, creating an organized, accurate system of payments and records. In the meantime, you can dedicate your efforts to other responsibilities.
Finding the right accounts payable invoice OCR software
To find the accounts payable software that meets your needs, explore the market to see what is out there. You will find that some invoice OCR solutions are poorly rated due to inaccurate results or inconvenience of use, and from the rest you can choose the best product for your needs. For example, you can check out Trapeze from SoftWorks AI if you want a program that is easy to use and can process invoices in bulk.