
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 o

Cash Flow: The Hidden Cost of Growing Your Construction Business
For many construction businesses the biggest obstacle they face isn’t finding enough qualified workers or even bidding for jobs, it’s actually cash flow — specifically, not having enough of it to pay for liabilities like bills and payroll. According to a recent study conducted by TSheets and zlien, 1 in 5 construction companies faces a cash flow problem. The surprising cause of cash flow problems After 10 years in business, Brooke and Kevin Smith*, the husband-and-wife owners