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Documation has a long history of working closely with EMC Captiva, using their OCR software. This is a fully customisable capture solution that scans vendor documents and automatically extracts and validates the data they contain before exporting it to business systems for processing. Using intelligent document recognition technology (IDR), the OCR identifies incoming documents such as invoices and immediately begins extracting information such as purchase order number, invoice date, total amounts, line item data and more. The result is a faster, more efficient means of handling invoices.

Industry research shows that as much as 70% of all invoice processing costs are wrapped up in document handling and data entry processes. Eliminating manual data entry from your organisation will drastically cut costs and improve business processes.

Implementing Documation alongside EMC Captiva's OCR software allows all business documents to be captured, processed through workflow and stored in the Documation solution. Using OCR to capture the data eliminates the cost and time associated with manual data entry. Another benefit is the reduced storage overheads as well as the ability for instant retrieval of all documents from a single environment.

 

Want to see invoice management in action? Watch our webinar online - includes software demo. Click to watch now!

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