Data extraction from mortgage document such as scanned images or pdf has become easier. The companies such as banks and similar kinds of organizations receive a huge collection of documents. The documents can be either bank statements or loan details. Handling the official documents manually is tough. To improve the data extraction processing system AI […]
Financial statements in business are the most important records to enlist. Extracting the records as a file is necessary. The extracted file will be easily searchable. There are thousands of files enlist into the company’s system. Manually dealing with the essential documents is not easy. AI technology has introduced new advanced software to make the […]
Banks and other organizations receive piles of documents every day. Extracting every single loan document from a huge bundle is difficult and time taking. The AI (Artificial Intelligence) has introduced automated tools, which help in extracting data. The tools work automatically and provide faster onset of work. It leads to increased productivity. Manual data extraction […]
Extracting data from PDF documents efficiently and quickly is termed Data extraction using OCR. It can also scan converted to pdf. It is one of the most prominent technical systems but not advanced. It requires a pre-processing method such as the PDF files need to be arranged by maintaining a sequence. No noise background, texts should be visible to the eyes, and be sure the material is not damaged. After clearing these facts, the document can be processed in the system. Data extraction using OCR faces difficulty in processing the low-quality files, images, and finds difficulty in the case of handwritten characters. Though OCR does not give accurate results all the time.
In the accounting industry there is a lot of manual work like accounting data from documents, text extraction or data extraction from images and many more. And all these manual works needs to be 100% accurate.
Manually going through bundles of data and then processing it manually is nothing more than waste of time. Instead of doing this, you should automate all these task with the help of OCR. OCR accounting is the most efficient way to get the most out of your accounting tasks.
Dr Kai-Fu Lee quotes ” I think AI is coming and replacing routine jobs is pushing us to do what we should be doing anyway”.
Exactly this is something I’ll try to introduce you with. An AI tool that can replace your files and data-driven work by automating it. And that will increase your productivity by multiple times. The better you understand it, the better it’ll be for you and your business. Every smart one out there is adapting this technology very fast, and now it’s high time for you not to waste your time in those time taking tasks that can be easily done by machines.
In this 3.0 revolution of technology, what matters is how fast you automate your manual work? This will not only lead to making the new tasks easy but also this will increase your productivity by multiple times percent. We all know that this era is shifting swiftly to next-generation technology and AI. Combining with deep […]
Docextractor uses a two way process to extract the exact word you require from the invoice. This includes text detection and text localization which ultimately boils down to extract curated text from pdf, text from image or documents.
ICR uses is called Supervised Machine learning, Supervised learning (SL) is the machine learning task of learning a function that bridges an input to an output based on example input-output pairs.
OCR is used to extract data from scanned images in the form of texts and store them in text files or JSON files. ICR is more advanced than OCR Systems because it can detect and properly identify handwritten characters one at a time.