To understand why this popular technology is a component of, rather than a replacement for, a complete automation solution, it’s important to examine both the benefits it provides and the ways in which it fails to meet the business needs of companies competing in today’s digital global economy. In those now-distant days, OCR was hyped as a one-stop automation solution.Īnd yet, despite making the leap to the cloud via APIs and increasing in overall accuracy over the decades since its debut, OCR has not so much fulfilled its promise as collided with its limitations.

And in the decades since its arrival, OCR has indeed proven itself a valuable tool for busy professionals in accounts payable (AP), for example, it is commonly used to speed invoice processing by eliminating the need for manual data entry. In the early days of digital transformation, when paper-based processes and manual workflows were the standard rather than the costly exception, the emergence of optical character recognition technology-often abbreviated to OCR-promised to change document processing forever.

Ocr software reviews