By integrating OCR, you can quickly scan and process paper documents before routing them to your document management system. The system can then use relevant metadata to index the documents, ensuring safe storage and quick access through its search function.
OCR unlocks valuable insights from unstructured data trapped in paper documents. It lets companies consolidate and analyze data to benchmark performance, pinpoint areas of inefficiency, and make faster strategic decisions.
OCR eliminates the need for manual data entry, which saves time and lowers labor costs. It also ensures high accuracy, reducing the risk of expensive mistakes that kill productivity and lead to poor customer experiences.
OCR technology lets you consolidate all your paper and electronic documents into a centralized repository, creating a single source of truth. This centralization, in turn, enables you to easily search and access high-quality, up-to-date data from all sources, improving cross-domain collaboration and driving innovation.
New technologies like artificial intelligence, big data analytics, and machine learning require access to vast data sets. OCR lets you amass large quantities of accurate data that you can use to fuel AI models and algorithms.
Regulators across most industries stipulate that companies store documents for a specific duration following a transaction. OCR allows companies to store documents in a digital rather than a physical archive. This digitization protects documents against loss and security breaches, reduces storage costs, and aids compliance.