OCR, or Optical Character Recognition, is an invoice scanning software that enables companies to automatically convert documents, such as scanned paper documents or electronic files into editable and searchable data.
Tungsten Advanced Capture is an OCR tool that works intelligently to gather the invoice data that you need without the need to create templates. After the data is extracted, the data is then passed into Tungsten Network Workflow for quick invoice processing, allowing you to quickly gather GL information and retrieve necessary approvals for non-PO invoices. If you are processing a PO invoice and using Tungsten Network auto-match products, your invoices can be matched against your ERP purchase orders and/or receipts automatically, bypassing the need for human intervention.
Invoice scanning software is just the beginning of Tungsten Network’s capabilities to automate and streamline the invoice to pay process. Take your AP department from a cost center to a revenue generator with Tungsten Network. To learn more, download this information Category Insight today.