OCR Adoption in Invoice Processing
With paper-based invoices stubbornly remaining a fact of life for accounts payable organizations, many are turning to automated data capture technology to reduce manual data entry, speed invoice processing times, and accelerate the flow of data to other systems. This study examines the adoption of optical character recognition (OCR) and related data capture technologies for invoice processing – and the benefits the technologies deliver.
Topics covered include:
· Invoice processing costs
· Document imaging, workflow, and OCR adoption rates
· Motivating factors for deploying OCR technology
· Key business case elements for OCR technology
· Reasons organizations do not deploy OCR technology
· Barriers to OCR adoption
· Future technology considerations
This comprehensive study will provide AP organizations with critical data for benchmarking their invoice processing automation against that of their peers.
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