Incresol brought an Artificial Intelligent (AI) tool for Bills Processing System by naming BPA – Bills Process Automation. It enables Click-and-Sit method, means just take the snapshot or pdf of your bill and upload into the BPA solution it will automatically grab the data to convert and transform into the System. You can share it or submit to the financial aspect easily and also last but not least you can search the bills whenever you need specifically.
In just a few clicks the data will transform from PDF’s like Image or Text by using the (OCR) Optical Character Recognition technology into the ERP systems.
Bill processing is a seemingly simple task that can often turn into a daunting challenge for many individuals and businesses. The common hurdles faced include the sheet volume of bills, the need for meticulous accuracy, and the significant time investment it requires. Imagine a small business owner, juggling between multiple roles, having to sit down at the end of a long day to sort through a pile of bills. Or consider an IT professional, tasked with managing the financial record of a large corporation. In both scenarios, manual bill processing can become a tedious, error-prone task that’s hard to keep up with the need for precision, coupled with the pressure of managing large volume of data, can turn bill processing into a real headache, for this pain point Incresol’s BPA solution is conducive, With just in clicks it will complete the entire Juggling process.
BPA Benefits
Here’s how Incresol BPA Solution works ?
So, how exactly does Incresol BPA make your life easier?
So, are you ready to revolutionize your bill processing?
BPA offers two services that can help you implement OCR in your business:
Manual Upload process
Email to Bill Submit
BPA can analyze millions of images and Text within minutes and augment human visual review tasks with artificial intelligence. You can use SAP integration with BPA to extract text from both images and Text. You can extract skewed and distorted text from images and Text of street signs, social media posts, and product packaging.
What is OCR (Optical Character Recognition)?
Why is OCR important?
How does OCR work?
- Deskewing or tilting the scanned document slightly to fix alignment issues during the scan.
- Despeckling or removing any digital image spots or smoothing the edges of text images.
- Cleaning up boxes and lines in the image.
- Script recognition for multi-language OCR technology.
What are the types of OCR?
What are the benefits of OCR?
What is OCR used for?
The following are some common OCR use cases in various industries:
Banking
The banking industry uses OCR to process and verify paperwork for loan documents, deposit checks, and other financial transactions. This verification has improved fraud prevention and enhanced transaction security. For example, financial company that provides financing to small and medium-sized businesses. It might use BPA, a cloud-based OCR service, to develop a product for small businesses in the US to quickly access Paycheck Protection Program (PPP) loans as part of the COVID-19 relief stimulus package. BPA automatically processed and analyzed tens of thousands of PPP forms per day so that financial company could help several thousand businesses get funds, saving over 400,000 jobs in the process.
Healthcare
The healthcare industry uses OCR to process patient records, including treatments, tests, hospital records, and insurance payments. OCR helps to streamline workflow and reduce manual work at hospitals while keeping records up to date. For example, the nib Group provides health and medical insurance to over 1 million Australians and receives thousands of medical claims per day. Its customers can take photos of their medical invoice and submit them through the nib mobile app. BPA processes these images automatically so that the company can approve claims much faster.
Logistics
Logistics companies use OCR to track package labels, invoices, receipts, and other documents more efficiently. For example, the Foresight Group uses BPA to automate invoice processing in SAP. Manual entry of these business documents was time-consuming and error-prone because Foresight employees had to enter the data in multiple accounting systems. With BPA, Foresight software can read characters more accurately across many different layouts, which increases business efficiency.