OCR-to-Enhance-your-Viewpoint-AP-Workflow-Webinar

OCR to Enhance your Viewpoint AP Workflow

During this webinar, the Requordit team explored how we can help you automate invoice and data extraction, validate to your existing Viewpoint database, and upload your invoice image metadata all at once using your Cloud OCR Insight and Ancora.

OCR-to-Enhance-your-Viewpoint-AP-Workflow-Webinar

OCR to Enhance your viewpoint AP Workflow​

During this webinar, the Requordit team explored how we can help you automate invoice and data extraction, validate to your existing Viewpoint database, and upload your invoice image metadata all at once using your Cloud OCR Insight and Ancora.

What is OCR?

OCR means Optical Character Recognition and involves capturing data off a page. There are two methods, we call them ‘old school’ and ‘new school’ at Requordit, but it just means template based or dynamic OCR.

What is OCR?

OCR means Optical Character Recognition and involves capturing data off a page. There are two methods, we call them ‘old school’ and ‘new school’ at Requordit, but it just means template based or dynamic OCR.

The solutions we went through on our webinar are part of the second category: the new school/dynamic version. What really means is that you don’t have to spend a lot of time setting up templates to capture the different locations, because dynamically it is going to be reading the entire page and capturing all the data off of the page.

What this does is enhances the capture and uses learning algorithm to learn over time, so you are not going to have enhance manually templates as you go; it’s going to be reading these dynamically and it’s also going to be doing this kind of on a vendor basis, this will increase your capture rate, reduce the amount of time it takes to set up the solution, and it also allows you to put a bunch of different documents through this.

Benefits of adding OCR to your AP process

Reduce Manual Indexing

Fully developed OCR solutions can have capture rates upward of 90%

Simplify Capture Process

Invoices can come in a variety of formats to a variety of locations. Funneling into OCR on the front end can begin to define unorganized workflows

Save Time

Reducing user intervention around indexing, validation, and ERP upload saves time and money

OCR offerings

Enables labor redistribution away from tedious task

Allows complete control of the entire process

Why OCR with Viewpoint?
  • UPLOAD TEMPLATES

Uploading invoice data and images requires very specific formatting of data files in order to upload successfully

  • VALIDATION

Leverage your existing data to enhance the process and catch potential exceptions before committing data to Viewpoint

  • FLEXIBILITY

OCR capture on the front end allows for defining a process with or without a robust document management system in the middle

Cloud OCR + Insight
  • CLOUD OCR

After point of capture Cloud OCR handles document classification, separation, and indexing

  • INSIGHT

Allows validation to your Viewpoint database through web services and manages construction of import file to match Vista upload template constraints

The solutions we went through on our webinar are part of the second category: the new school/ dynamic version. What really means is that you don’t have to spend a lot of time setting up templates to capture the different locations, because dynamically it is going to be reading the entire page and capturing all the date off of the page.

What this does is enhances the capture and uses learning algorithm to learn over time, so you are not going to have enhance manually templates as you go; it’s going to be reading these dynamically and it’s also going to be doing this kind of on a vendor basis, this will increase your capture rate, reduce the amount of time it takes to set up the solution, and it also allows you to put a bunch of different documents through this.

Benefits of adding OCR to your AP process

Reduce Manual Indexing

Fully developed OCR solutions can have capture rates upward of 90%

Simplify Capture Process

Invoices can come in a variety of formats to a variety of locations. Funneling into OCR on the front end can begin to define unorganized workflows

Save Time

Reducing user intervention around indexing, validation, and ERP upload saves time and money

OCR Offerings

Allows complete control of the entire process

Enables labor redistribution away from tedious tasks

Why OCR with Viewpoint?

  • UPLOAD TEMPLATES
    Uploading invoice data and images requires very specific formatting of data files in order to upload successfully
  • VALIDATION
    Leverage your existing data to enhance the process and catch potential exceptions before committing data to Viewpoint
  • FLEXIBILITY
    OCR capture on the front end allows for defining a process with or without a robust document management system in the middle

Cloud OCR + Insight

  • CLOUD OCR
    After point of capture Cloud OCR handles document classification, separation, and indexing
  • INSIGHT
    Allows validation to your Viewpoint database through web services and manages construction of import file to match Vista upload template constraints