OCR

Accelerating Accounts Payable: OCR

Dolphin’s approach provides an array of options to fit each customer’s needs, taking significant time and cost out of the Accounts Payable process. We integrate solutions that automate getting invoice documents and data into SAP, 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.

For more information about Dolphin’s Accounts Payable solutions