Document & Data Capture
Efficient
Uses tools like AI-Assisted OCR to capture data and save your organization time and money.
Consultative
ICG works with your specific organization’s needs to create a data capture strategy that works for you.
Accurate
Ensures extracted data is accurate, and that the desired information is extracted from the invoice.
Comprehensive
Captures all types of data from many sources including email, electronic portal, inbound EDI, etc..
Document and Data Capture Upload Options
Your Data Capture Strategy Matters
Capturing Data Accurately
Capturing data accurately involves ensuring that the data collected is free from errors, omissions, or inconsistencies. Accurate data capture aims to minimize mistakes during the data collection process, such as typos, misinterpretations, or technical issues.
Capturing the Right Data
Capturing the right data goes beyond accuracy and focuses on collecting the most relevant and valuable information for a specific purpose or problem. It’s about selecting the appropriate data points, variables, and metrics that will address the specific objectives.
Functionality
Upload Documents
Upload documents in various forms including scan, Portal, email, or inbound EDI.
Automated Data Capture (AI Intervention)
ICG’s automated data capture system utilizes OCR, AI, and ML to extract information from invoices and other documents, making data entry less manual.
Document Assembly
Segregate documents within a file into separate records for workflow purposes.
Understanding the Content
It is critical that the first step to document capture be a thorough examination of the target documents, process, and expected results.
Invoice Import
Quickly and efficiently identifies incoming documents, separates them into groups and routes them to the the appropriate process.
Data Validation and Duplicate Detection
ICG’s OCR process validates purchase orders by comparing it to invoice lines.
Automatic GL Coding
Use predetermined rules and/or AI to automatically assign the correct GL code.
Why ICG for Document & Data Capture?
Standard Benefits
AI
ICG uses AI in many different ways to assist in the capture of your data including OCR, ML, and more.
Security
ICG partners with Sysdig and AWS to ensure all of your document information is protected.
ERP Integration
Interface or integrate your Vendor Portal with your ERP and other relevant systems.
Invoice Formats Supported
ICG’s document and data capture solutions support many different upload methods:
- Scan – data entry or OCR
- Email attachment – data entry or OCR
- Inbound EDI
- E-Invoicing or portals
“Since implementing OCR, our AP team has gained back over two hours per person, every day. It’s been a game-changer for efficiency and productivity.”
Relevant Blog Posts
Solution for Non-Standard Invoices
Invoice processing can be a major drain on resources for finance and accounts payable teams, especially when dealing with invoices that don't conform to a standard template. Manually keying in data from these non-standard documents is time-consuming, prone to error,...
Invoice Ingestion Options
Efficient invoicing is crucial to maintaining strong cash flow and accurate records in your organization's financial back offie. But with so many ways to receive and process invoices, how do you choose the right approach for your company? This blog post will explore...
What’s Next for AI in the Financial Back Office?
The financial back office has undergone numerous upgrades in recent years, thanks to rapid advancements in AI. Emerging trends continue to assist in revolutionizing parts of the financial back office, such as accounts payable, finance, supply chain management, and...
See ICG's solutions in action
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