Optical character recognition or ORC is transforming the accounting world little by little so of course we joined the club in 2015. Ready for a little recap?
Optical Character Recognition is a technology that is designed to extract text from an image and convert it into editable and searchable data. It can read printed text. A nifty tool that can reduce time consuming tasks like coding documents like receipts, checks and invoices.
In 2015 we teamed up with our partner IndexMe. Together we designed a solution for OCR that we integrated into Adfinity.
Why are companies hesitant about automation?
Too expensive, too much work, loss of control… are arguments often heard. But are they correct?