{"id":4743,"date":"2018-08-02T21:09:43","date_gmt":"2018-08-03T01:09:43","guid":{"rendered":"https:\/\/ocrsolutions.com\/?p=4743"},"modified":"2023-08-07T19:22:21","modified_gmt":"2023-08-07T22:22:21","slug":"invoice-processing-basics-capture-data-from-invoices","status":"publish","type":"post","link":"https:\/\/ocrsolutions.com\/invoice-processing-basics-capture-data-from-invoices\/","title":{"rendered":"Invoice Processing Basics – Capture data from invoices"},"content":{"rendered":"

Accounts payable departments today are challenged and overloaded with a paper invoice mound that seem to grow from day to day.<\/p>\n

The problem: Your company wants to make sure that you can take advantage of discounts with vendors, but after spending so much time trying to figure out which vendors give discounts, your whole day goes by without being productive in any way. The Accounts Payable department has spent another week chasing invoices and backup documents only to manually process stacks of hundreds or even thousands of invoices that are never ending. On top of this you find out that a key supplier is calling saying they have not been paid in several months and have put a hold on your next critical order.<\/p>\n

Those days can now be forgotten using affordable invoice processing software that can be hosted in your company data center, on users\u2019 local computers or used as a cloud-based (web) application. OCR Invoice data capture solutions dynamically learn your invoices, extract the data from them directly into your software. The images can be stored on computers in a secure setting or data center that takes away the need for your company to invest money and personnel in order to manage IT infrastructure. Let’s cover some invoice processing basics int today’s world that will show how far OCR invoice data capture has come.<\/p>\n

OCR Solutions, Invoice Processing Software can process images from:<\/h2>\n