Product Archives

OCR for Forms: Applications and Use Cases

Businesses and financial institutions handle large amounts of documentation, forms, invoices, and transactional details. Manual document and form processing is time-consuming and exhausting, but evolving technology offers a solution. Optical Character Recognition (OCR) technology has been a prominent tool in form processing, automating the digitization of documents. However, as technology advances, the need for capable, […]

How OCR Is Transforming The Insurance Industry

In 2023, the insurtech firm Lemonade set a groundbreaking world record by processing an insurance claim using its sophisticated AI system in just two seconds. That was two years ago. Today, leading insurers automate parts of claims processing for low-value, high-volume cases and continue to scale confidently. Among all insurance workflows, claim processing is where […]

10 Best OCR Software for Invoice Processing

Inboxes overflowing with invoices can slow down your finance team. Manual data entry turns into a time-consuming task. This is the reality for many businesses today. One solution to this concern is adopting OCR software. In recent years, the adoption of OCR technology has been increasing constantly. A report by Grand View Research projects that […]