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Optical Character Recognition (OCR) has been a valuable tool for businesses for decades, enabling them to extract text from images and documents. However, while OCR can be a powerful asset, it’s crucial to recognize its limitations and understand that it’s often not sufficient on its own to meet the needs of modern organizations. OCR’s key […]
Read FullBenefits of Contextualizing OCR Data Optical Character Recognition (OCR) is a technology that stands for efficiency and productivity. By converting scanned images and printed text into editable digital files, OCR has revolutionized the way we handle data-intensive tasks. Yet, amidst the buzz surrounding OCR’s capabilities, the power to utilize OCR for contextualization is often overlooked. […]
Read FullUnlock invoice insights by using AI to contextualize back-office data In today’s data-driven business landscape, the sheer volume of information generated by back-office operations can be overwhelming. From financial transactions to procurement processes, organizations are inundated with data. However, without proper context, this data fails to provide meaningful insights and actionable outcomes, which is where […]
Read FullYou may be getting accurate extractions, but is it capturing the data you need? All data capture solutions, and solution providers, are not created equal. Capturing data accurately and capturing the right data are both essential aspects of effective data collection and management, but they refer to slightly different concepts that will have a major […]
Read FullIt’s all about understanding the content and process Understanding documents is extremely valuable when setting up a successful AI OCR (Optical Character Recognition) solution because not all OCR solutions are created equal. OCR technology extracts text and information from images or scanned documents, and its effectiveness depends on understanding the quality and relevance of the […]
Read FullContact ICG Consulting today to start a conversation on how ICG’s AI assisted data capture solutions can deliver immediate value to your financial back-office.
Read FullArtificial Intelligence (AI) plays a crucial role in data capture and OCR (Optical Character Recognition) applications, revolutionizing the way we process and extract information from various sources. For accounts payable (AP) departments and other financial back-office areas, AI assisted data capture can provide tremendous efficiencies and increased accuracy.
Read FullWorkflow is key to Process Automation Process automation is an ongoing part of the business landscape in most organizations. Companies are continuously looking for ways to improve internal and external processes to accomplish a number of goals: Process automation is enabled in large part by technology that is able to perform tasks that were previously […]
Read Full“Suppliers who can submit invoices through electronic means generally can get paid faster and experience less payment issues from keying errors in the buyers AP department,”
Read Fulla mistake many companies make is that they become too focused on OCR as an end all tool and as a result ultimately end up frustrated that they are not seeing the efficiencies and economies that were promised
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