OCR – Optical Character Recognition
Accelerating SAP Business Processes and Eliminating Paper
Dolphin’s approach provides an array of options to fit each customer’s needs, taking significant time and cost out of business processes – Accounts Payable, Accounts Receivable, Order Management, Human Resources and others. We integrate solutions that automate bringing invoice documents and data into the SAP application, including scanning, optical character recognition (OCR) and e-Invoicing, and offer robust analysis and reporting.
OCR software can yield significant improvements in processing speed and accuracy. OCR reads the relevant information from the invoice as it is scanned, performs validations and resolution, populates SAP with the data and links the invoice image to the transaction.
For companies with higher invoice volumes, OCR is a popular choice. It is highly accurate, easy to administer and can be up and running quickly.
The ROI for a Dolphin OCR implementation can be very rapid – as fast as 6-12 months. In part, this is because OCR technology has improved in its simplicity and utility. The biggest advantage is the transition from template-based to “intelligent” or rules-based OCR engines. Rules-based engines use proven logic to extract header and line information directly from the invoice. Here, a small set of rules apply for all vendor invoices. OCR systems can pre-populate SAP from the invoice and live look up of document images.
|Benefits of OCR in Accounts Payable