Optical Character Recognition (OCR) is a widely used term but many who are familiar with the term may not be familiar with what OCR actually does. O.C.R. is a technology used to extract information from an electronic document image, whether originally in electronic format (such as image-only PDF, TIF, etc.) or a scanned paper document. OCR technology reads through the imaged data – which comprises a bunch of computer bits – and attempts to decipher the image data and re-represent the results into ASCII text output.
While Optical Character Recognition software is indeed synonymous with data extraction capabilities, OCR actually only makes up a single component – albeit a vital component – of any well-integrated, data and document capture solution. OCR technology is used for the extraction of machine-printed text and while data can be extracted from a document in many formats (checkboxes or mark sense, radio buttons, barcodes, or even handwritten text – there are actually many other formats that hold critical information – searchable PDF for example. Moreover, data and document capture solutions are additionally powered by smarts such as rules, patented technology, or configuration services built into each solution to help the solution understand where optimally to extract information as well as validate the extracted data.
AIIM.org recently published that just 17% of respondents could describe their offices as “paper-free” and 31% admitted their office is piled high with paper documents and manually based paper processes. Maybe this is difficult to believe, but 20% of the respondents report that their consumption of paper is still increasing.
Your organization can find immediate business process improvements and cost savings in your business processes simply by adding a data and document capture solution – helping to take paper and manual labor out of your existing business processes. Data and document capture solutions provide you with the following benefits:
Solutions from IDT featuring Hyland OnBase, Brainware, AnyDoc, and others combine OCR, ICR (intelligent character recognition), OMR (optical mark recognition), and barcode recognition technologies with intelligence built into each solution to provide flexible and accurate data capture solutions. But these solutions provide additional benefits than simply automated data and document capture capabilities:
By managing content throughout its lifecycle and integrating with other systems in your information management strategy, OnBase form IDT gives your employees immediate access to the critical information that fuels your business. They also gain access to related documents and content directly from within OnBase, automatically indexed using information recognized by the OCR software (such as matching PO, Bill of Lading, Purchase Order, Change Orders, Correspondence, and more).
Embracing OCR software and data and document capture solutions increases efficiency and accelerates processes across your organization. Data and document capture from IDT and Hyland is flexible and scalable to meet your business needs, with the potential to be applied across a wide variety of business processes – including revenue-generating activities such as Sales Order Processing. Wherever manual document sorting and data entry is occurring in your organization, free up employees devoted to those tasks and improve your processes by taking advantage of OCR technology from IDT and Hyland.
Contact us for more information about our OCR technology, Content Service Platform, and ECM services!
Moving is very paper-intensive and our agents don’t get paid until the paperwork is processed. Expanding our document capture system with IDT allowed us to speed up agent payment, eliminate shipping costs, reduce central processing, and help increase agent loyalty and recruitment. It is a completely automated process and really gives us a leg up on our competitors.
IDT’s clients share our passion for results and it shows in their success. Learn more by reading our featured client results stories.
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