Why using OCR for electronic invoice processing is like hitching a buggy to your horse

Is Optical Character Recognition (OCR) technology all it's cracked up to be? OCR technology is a hardware/software tool that takes a paper document, usually an invoice, scans and “reads” it and turns it into metadata that can be used to populate fields in a database. From there the invoice can be brought into an electronic workflow for processing. Sounds great, right It's only a plaster... Companies spend millions of dollars on off-the-shelf OCR tools every year in the hope of managing piles of paper invoices better. But mid-market companies that are using OCR as an electronic invoice processing strategy are discovering that it’s not really strategic. It’s only a plaster on a much more painf


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