intelligent ocr


Intelligent OCR Plus | Invoice Data Capture | Powered by AI

An efficient way to intelligently capture data from both emailed and paper invoices, eliminating the need for time consuming and costly manual data entry.

Powered by AI

For supplier invoices the addition of LLMs increases the speed at which finance administrators can onboard new vendors or customers. Finance staff do not need to set up templates or rules for their documents, but instead ask the LLMs what is needed and the AI will do the rest. EchoVera’s Intelligent OCR Plus solution includes ChronoScan powered by OpenAI.

Our solution is capable of automatically and intuitively detecting/learning unique vendor invoices based on their respective layouts, allowing the scanning and/or importing of data from emailed or paper invoices with more efficiency. Intelligent OCR Plus also intuitively performs field mapping and data collection.

  • Eliminate data entry
  • Process both paper and email invoices
  • EDI, PDF, CSV, Word, Excel and other electronic file formats
  • Invoices with hundreds of data fields are captured and validated in minutes
  • 95% accuracy rates
  • Integrates seamlessly with your ERP
  • Most affordable Intelligent OCR solution on the market today

EchoVera Intelligent OCR Plus includes:

intelligent ocrInvoice Data Capture

Invoice data from both paper and email invoices is captured by the system with 95% accuracy rates.

intelligent invoice ocrApproval Workflow

Direct invoices to the proper approvers with an automated approval workflow. Time-stamped audit trail.

invoice ocrInvoice Archive

Searchable invoice archive in the cloud.

Integration with your ERP

EchoVera’s Intelligent OCR Plus is a cloud application that integrates with any ERP or accounting system without costly integration development.

For suppliers, it’s important they are not impacted by the technology related to your invoice process. There’s no need for any special software or software infrastructure for the suppliers sending you their invoices.


EchoVera Inc. provides Intelligent OCR, AP Automation, Sales Order Automation and Delivery Document OCR solutions to organizations looking to reduce costs and increase the efficiency of their financial operations. EchoVera brings over 30 years experience to clients worldwide.
Contact sales@echovera.com   

 


What is Intelligent OCR?

Intelligent OCR for both Accounts Payable Supplier Invoices and Sales Orders is the technology that uses AI and capture software to scan, validate, and deliver structured data to the ERP. It reduces the time spent manually performing these tasks by 70%.

What is smart OCR?

Smart OCR intelligently and intuitively recognizes and captures essential data from both invoices and sales orders. It reduces the time spent manually keying in data by 80%.

What is the difference between OCR and intelligent document processing?

Some OCR is what is called legacy OCR, or older software that does capture data from documents but does not validate or structure it for delivery to the ERP. Intelligent document processing completes the whole process by providing a complete solution for data capture. Intelligent document processing is 60% – 70% more efficient than legacy OCR.

What is OCR in artificial intelligence?

OCR is the technology that can scan documents and extract essential data. Intelligent OCR uses AI to not only extract the data but intuitively recognize invoice and sales order formats, validate the data and deliver structured data to the ERP. It reduces the time spent manually performing these tasks by 70%.

What’s the meaning of data capture?

Data capture means you are scanning or extracting information from documents such as vendor invoices or sales orders. It reduces the time spent manually inputting this data by 80%.

What is intelligent data extraction?

Intelligent data extraction for both Accounts Payable Supplier Invoices and Sales Orders is the technology that uses AI and capture software to scan, validate, and deliver structured data to the ERP. It reduces the time spent manually performing these resource-heavy tasks by 70%.

What is intelligent data processing?

Intelligent data processing for both Accounts Payable Supplier Invoices and Sales Orders is the methodology that uses AI and capture software to scan, validate, and deliver structured data to the ERP. It reduces the time spent manually performing these important processes by 70%.

What is intelligent data capture?

Intelligent data capture for both Accounts Payable Supplier Invoices and Sales Orders is the methodology that uses AI and capture software to scan, validate, and deliver structured data to the ERP. It reduces the time spent manually performing these essential tasks by 70%.


*Technology explanations from around the web: Sophisticated OCR systems can preserve the original layout of the page and produce an image of the document as well as fill data fields with extracted data. (According to the Wikipedia source document on post-processing [1])