OCR
OCR significantly reduces manual data entry, saving time, minimizing errors, and freeing up valuable human resources for more strategic tasks.
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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..
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.
“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
How is IDP Different from OCR?
For years, the financial back office relied on a single technological standard to eliminate paper from accounts payable, procurement, and logistics: Optical Character Recognition. When it first hit the enterprise market, OCR felt like magic. It could take a printed...
7 Data Capture Metrics You Need to Track
Organizations rely on captured data to power machine learning models, personalize customer experiences, and drive business decisions. But how do you know if your data collection methods are actually performing well? And further, what does performing "well" for your...
How to Improve Data Quality and Security
Data is both your most valuable asset and your greatest vulnerability in the financial back office. Every invoice processed, vendor onboarded, and payment executed relies on a continuous stream of financial data. This is why it is key to have good data quality and...
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