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OCR

Transform your Business Processes with OCR

Enable Smart Text and Data Extraction, Automated Document Processing, and Intelligent Process Automation

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OCR

Automate claims management easily

Process documents and claims within minutes. Use automated workflows to reduce response time on claims approvals. Reduce errors and cut down on time and costs spent on manual processes. Be sure of your data with more secure and compliant workflows.

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OCR

Process invoices and approvals instantly.

Automate invoice processing. Drive faster and error-free approvals. Save time and get accurate results. Reducing human errors caused by manual work. Improve search and enable users to extract the information faster

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OCR

Verify customers data securely

Simplify document verification. Process financial documents faster. Reduce manual work and errors. Analyze complex data with advanced pattern recognition. Get smarter insights from data on your fingertips.

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OCR

Process invoices and approvals instantly.

Reduce turnaround time from hours to minutes. Cut down your cost of operations when processing several receipts. Reduce manual errors and get precise, searchable and actionable data

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Turn visual files into actionable data

On average, manual processing of a document takes up to two to five minutes per document, which translates to hundreds of days for a million documents.”

OCR

Save time

OCR technology allows document recognition 40X faster than manual retyping.

OCR

Reduce costs

OCR software reduce manual work and paper-based documents providing a great cost savings.

OCR

Enhance speed

OCR enables businesses to process their paperwork far more quickly and convert any volume or form of data to structured text at an incredibly fast speed.

OCR

Provide accuracy

With the help of advanced pattern recognition technology, OCR extracts every little detail from scanned documents and provides more than 98% accuracy

How OCR save a great deal of time and money?

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Technologies we use

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Start your Data Extraction Journey today!

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Industries we serve

Healthcare

Millions of medical claims are processed every year. This results in a great deal of paperwork, manual processing, and - in an industry requiring accuracy - a lot of errors. Missing patient records is just one of the problems caused by the high amount of paper in the healthcare industry.

OCR

Reduce administrative tasks

Manage patient records online, focus on productive tasks while reducing paper work reduce errors caused by manual work.

OCR

Simplify records management

Organize records into an electronic format is much easier with OCR software. Manage any number of medical forms, pharmacy records, clinical notes, or other medical documentation, efficiently.

OCR

Enhance speed

Eliminate manual work, reduce errors, speed up medical records and claims management while enhancing access to the information.

OCR

Healthcare enterprise simplifies and automates their claims management process by leveraging OCR

Read the full case study

Manufacturing

Manufacturing companies struggle with a lot of email attachments and scanned invoices on a daily basis as they need to manage invoices from several vendors. Initiating approvals and processing payment to the vendors is a cumbersome task and it's often difficult to search for key information about the vendor. It takes huge time and efforts of their employees to find and add information manually into their existing system. Manufacturing organizations can drive faster and error-free approvals by automating their invoice processing.

OCR

Saved Time

OCR technology fast-tracks invoice approval process from weeks to minutes.

OCR

Accuracy

OCR reduces human errors as staff do not need to add information manually.

OCR

High Efficiency

OCR increases overall efficiency at work, that helps your staff to focus on completing high-value tasks.

OCR

Improved Search

With the help of OCR, it is easy to search documents that helps users to extract the information faster and get smarter data at their fingertips.

OCR

How to fast-track invoice processing and approvals using an OCR-based AI Solution?

Read the full case study

Banking & Loan Providers

Banks and lending enterprises deal with a hundred and thousands of documents every day. Before processing a loan, the loan department call for bank statements from customers. Extracting data from each bank statement can be challenging as the format of the statements from different banks are often different from each other.

OCR

Process loan applications instantly

Capture comprehensive data accurately and rapidly from lending applications within minutes. Get custom extraction capabilities by training with your own data and providing a few sample documents.

OCR

Improve accuracy with human feedback

Get more accurate results customized to your needs based on the first output. Leverage human input as needed to generate a highly accurate model.

OCR

Automate loan approvals

Reduce turnaround time by automating mundane tasks like manually verifying income, identity and proof of address and more.

OCR

Retail

While managing invoices is a crucial part of retail business, processing several invoices every single day is never easy. It’s not only time-consuming, the errors caused by manually processing documents also cost huge overheads and might affect your entire accounting cycle.

OCR

Capture every detail

Capture data from packing lists, scanned purchase orders, printed invoices, and more.

OCR

Automate invoice data extraction & processing

OCR can automatically produce thousands of invoice templates without user interactions to provide more accuracy and reliability.

OCR

Enhance customers experience

Enhance the flexibility of reward programs and vouchers using mobile OCR, by scanning the serial codes to redeem them.

OCR

Ready to get started with Data Extraction using OCR?

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FAQs

  • What is Optical Character Recognition (OCR)?

    Optical character recognition (OCR) is a business solution that helps enterprises to automate data extraction from printed or written text from a scanned document or image file. OCR convert the text into a machine-readable form to be used for data processing like editing or searching.

  • What business challenges does OCR address?

    Today, many companies manually extract data from scanned documents and thus consider documents processing to involve the most manual work out of all back-office functions.

    Thanks to the OCR software, as it eliminates manual and expensive processes by minimizing the costs related to the human factor. OCR software automates work in companies and public institutions providing quick access to key data from various sources including graphic documents, PDFs, paper documents, e-mails, faxes and more. An OCR software, when tailor-made, can be trained or configured to automatically read and process any type of document, while accurately extracting text, handwriting, tables and other data without any manual effort.

  • How can OCR help my business?

    An enterprise grade system like Azure Form Recognizer can be leveraged to automate your data processing, enhance your data-driven strategies, and enrich document search capabilities.

    However, a custom-built OCR solution based on your business needs, applications and workflows enables you to quickly automate document processing and act on the information extracted. For example, to automate loans processing or to extract information from invoices and receipts.

  • How does OCR technology work?

    Using OCR technology, an application extracts and analyzes form fields, text, and tables from your documents and converts them into a machine-readable format. Smart document processing solutions including OCR software uses machine learning models to analyze your forms and documents, extract text and data, map field relationships as key-value pairs, and returns a structured JSON output.

    There are quite many solutions available in the OCR software market that leverage OCR technology to provide automated document processing solutions that enable you to quickly get accurate results that are tailored to your specific content without excessive manual intervention or extensive data science expertise.

    Form Recognizer can also be used to automate your data processing in applications and workflows, enhance data-driven strategies, and enrich document search capabilities.

    Form Recognizer easily identifies, extracts, and analyzes document data including:

    • Table structure and content
    • Form elements and field values.
    • Typed and handwritten alphanumeric text.
    • Relationships between elements.
    • Key/value pairs
    • Element location with bounding box coordinates.
  • Which technologies are used for automate document processing?

    Business Solutions like Microsoft 365 tools and Azure Form Recognizer are a few of the commonly used technology solutions that leverage AI and machine learning models to extract and analyze form fields, text, and tables from your documents.

  • How document processing tools capture data from scanned documents?

    Azure Form Recognizer analyzes your forms and documents, extracts text and data, maps field relationships as key-value pairs, and returns a structured JSON output. You quickly get accurate results that are tailored to your specific content without excessive manual intervention or extensive data science expertise.

    Similarly, Amazon Textract, a machine learning service that automatically extracts text, handwriting and data from scanned documents that goes beyond simple optical character recognition (OCR) to identify and extract data from forms and tables.

    Textract uses machine learning to read and process any type of document, accurately extracting text, handwriting, tables and other data without any manual effort.

  • How fast an OCR processes documents to capture/extract data?

    (We are using cloud-based services and hosting) An enterprise grade OCR solution can extract the data in minutes vs. hours or days in case of manual typing. A fast secretary types some 200 characters per minute whereas the fastest OCR software recognizes some 1,600 characters per second.

  • How much accuracy does an OCR solution provide?

    For any business, the accuracy of the converted data is important. However, the accuracy of an OCR software depends on how often a character is recognized correctly versus how often a character is recognized incorrectly. Most OCR software offer 98 to 99 percent accuracy. When the accuracy is measured at the page level 98-99% accuracy would mean that 980 to 990 characters will be accurate in a page of 1,000 characters. It is often fairly acceptable in most cases and can be combined with human feedback for better results.

  • Does document processing with OCR need human intervention?

    Although many OCR solutions claim about it but no data extraction model is 100% accurate. Hence, in certain cases, it is important to use a supervised learning model to improve the accuracy of your document processing workflow. Many solutions out there encompass a layer of human intervention often called as a human-in-the-loop that reviews any document that is flagged in red. Higher the number of documents that are processed and reviewed, higher is the accuracy level of the data extraction model.

Resources

How Microsoft Dynamics 365 CRM can benefit Non-Profit Organizations

Non-Profits organizations work for the betterment of people and often operate on tight budgets.

September 25, 2019

Dynamics 365 Modules: The best integrations to help your organizations

Dynamics 365 was created to help organizations with four digital transformation outcomes.

December 25, 2019

A Wisconsin-based non-profit organization leverage Microsoft Dynamics 365 for Education.

Learn how Beyond Key helped a Wisconsin-based non-profit organization leverages Microsoft Dynamics 365 CRM for Education to gain insights..

Microsoft Dynamics 365 CRM implementation for a Florida-based non-profit organization.

A Florida-based non-profit organization leverages Dynamics 365 CRM for campaign management, content distribution and financial management..

December 25, 2019

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BEYOND TECHNOLOGIES LLC
INDIANA:

201 N Illinois Street,
16th Floor - South Tower
Indianapolis, IN 46204

ILLINOIS:

405 W Superior St, Ste 707
Chicago, IL 60654

+1-954.317.3944
Beyond Key Systems Pvt. Ltd.
INDORE:

901 A NRK Business Park PU4, Scheme no. 54 Vijay Nagar,
Indore - 452010, India

PUNE:

Level 6, Pentagon P-2, Magarpatta City, Hadapsar,
Pune - 411028, India

HYDERABAD:

Regus Hi-tech City, Plot no.18, iLabs Centre, Level 2, Oval Building, Inorbit Mall Rd,
Hyderabad, Telangana 500081, India

+91-731.472.1700 +91-20.4014.7806