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OCR -> Accounting

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  • D Offline
    D Offline
    Dalriadic
    wrote on last edited by
    #1

    Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

    K T M Richard Andrew x64R S 6 Replies Last reply
    0
    • D Dalriadic

      Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

      K Offline
      K Offline
      kmoorevs
      wrote on last edited by
      #2

      Funny! I'm also embroiled in an Invoice collection system (multiple cost centers) involving optional upload of pre-scanned invoices to pair with an invoice number/amount/vendor/site/date. My manager asked what I thought about OCR against the smudged, carbon copy, wrinkled, with hand-written notations and check-marks down one side, pieces of paper of all sizes and formats called invoices, delivery receipts, whatever...I considered it to be a nice idea but probably not reliable enough to be worth the effort. I'll admit that this is based on my last experiment involving OCR which was over 15 years ago...it's probably gotten much better by now. Back then, almost as much time was spent finding and fixing errors than it would have taken to just re-type the documents. X| I do think that OCR could work great if you were working with a tightly controlled format and document structure. Good luck! :)

      "Go forth into the source" - Neal Morse

      D 1 Reply Last reply
      0
      • D Dalriadic

        Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

        T Offline
        T Offline
        theoldfool
        wrote on last edited by
        #3

        I needed searchable PDF, have used PaperPort Pro and Filecenter Pro (recommended). Now using the latter. No affiliation.

        Arguing with a woman is like reading the Software License Agreement. In the end, you ignore everything and click "I agree". Anonymous

        1 Reply Last reply
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        • D Dalriadic

          Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

          M Offline
          M Offline
          Marco Bertschi
          wrote on last edited by
          #4

          Invoice Processing and Accounts Payable (AP) Automation Solution - Integrate with any Major ERP System (SAP, Oracle etc) | Kofax[^] As far is I can tell, the OCR is superior. Never actually worked with it, but have experience with a similar product (see disclaimer). Disclaimer: I currently (until the end of this month) work for a company which is distributing a similar (initially called Forms) product in Switzerland. The company ReadSoft (manufacturer of Forms) was bought by Lexmark, and has been integrated to Kofax since then.

          I only have a signature in order to let @DalekDave follow my posts.

          J 1 Reply Last reply
          0
          • D Dalriadic

            Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

            Richard Andrew x64R Offline
            Richard Andrew x64R Offline
            Richard Andrew x64
            wrote on last edited by
            #5

            I interviewed at this company once: Simx[^]. They make a data extraction solution that can do what you're looking for. Their software is impressive and they have a good support staff. EDIT: Link fixed.

            The difficult we do right away... ...the impossible takes slightly longer.

            M 1 Reply Last reply
            0
            • Richard Andrew x64R Richard Andrew x64

              I interviewed at this company once: Simx[^]. They make a data extraction solution that can do what you're looking for. Their software is impressive and they have a good support staff. EDIT: Link fixed.

              The difficult we do right away... ...the impossible takes slightly longer.

              M Offline
              M Offline
              Marco Bertschi
              wrote on last edited by
              #6

              Richard Andrew x64 wrote:

              [^]

              This part of the link points to the thread above.

              I only have a signature in order to let @DalekDave follow my posts.

              1 Reply Last reply
              0
              • D Dalriadic

                Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

                S Offline
                S Offline
                sameer549
                wrote on last edited by
                #7

                i personally tried Abby ocr for image to text conversion, and it gives good results

                1 Reply Last reply
                0
                • M Marco Bertschi

                  Invoice Processing and Accounts Payable (AP) Automation Solution - Integrate with any Major ERP System (SAP, Oracle etc) | Kofax[^] As far is I can tell, the OCR is superior. Never actually worked with it, but have experience with a similar product (see disclaimer). Disclaimer: I currently (until the end of this month) work for a company which is distributing a similar (initially called Forms) product in Switzerland. The company ReadSoft (manufacturer of Forms) was bought by Lexmark, and has been integrated to Kofax since then.

                  I only have a signature in order to let @DalekDave follow my posts.

                  J Offline
                  J Offline
                  jsc42
                  wrote on last edited by
                  #8

                  From what I can tell, Kofax seems to be one of the market leaders. Have you thought of outsourcing the work to a dedicated BPO (Business Processing Outsourcing)? There are several around. What part of the world are you in? [Disclosure: I work for a BPO that specialises in scanning and data capture]

                  M D 2 Replies Last reply
                  0
                  • J jsc42

                    From what I can tell, Kofax seems to be one of the market leaders. Have you thought of outsourcing the work to a dedicated BPO (Business Processing Outsourcing)? There are several around. What part of the world are you in? [Disclosure: I work for a BPO that specialises in scanning and data capture]

                    M Offline
                    M Offline
                    Marco Bertschi
                    wrote on last edited by
                    #9

                    jsc42 wrote:

                    Have you thought of outsourcing the work to a dedicated BPO (Business Processing Outsourcing)

                    No. We sell the software, we just contribute our own functionalities to count ballots - You can't just outsource that.

                    I only have a signature in order to let @DalekDave follow my posts.

                    1 Reply Last reply
                    0
                    • D Dalriadic

                      Company I work for is looking for an existing program for scanning invoices. Basic requirements: Extraction of data from files provided by a wide range of vendors, each with their own specific layout. Server based service that runs at a set time each day. Support for a watched folder. Installable package, not web based service (no subscription fees). Rules based validation to eliminate the delays introduced by required human validation interaction. Batch processing of files with output as an XML file for database import. I've found IRIS and ABBYY which appear promising, but do you have any similar solutions to recommend? In house development isn't an option at this time. If you have any additional questions, please post a response so I can get it answered. Thank you in advance for your time.

                      L Offline
                      L Offline
                      Lost User
                      wrote on last edited by
                      #10

                      I worked on [this software](http://www.lexmark.com/en\_gb/solutions/financial-process-automation.html) in the past (back when it was [Brainware](https://en.wikipedia.org/wiki/Brainware)) - I worked with a couple of the customers linked there integrating Brainware with their existing systems. It might be a bit heavy/expensive though - depends on what you're looking for.

                      Now is it bad enough that you let somebody else kick your butts without you trying to do it to each other? Now if we're all talking about the same man, and I think we are... it appears he's got a rather growing collection of our bikes.

                      1 Reply Last reply
                      0
                      • K kmoorevs

                        Funny! I'm also embroiled in an Invoice collection system (multiple cost centers) involving optional upload of pre-scanned invoices to pair with an invoice number/amount/vendor/site/date. My manager asked what I thought about OCR against the smudged, carbon copy, wrinkled, with hand-written notations and check-marks down one side, pieces of paper of all sizes and formats called invoices, delivery receipts, whatever...I considered it to be a nice idea but probably not reliable enough to be worth the effort. I'll admit that this is based on my last experiment involving OCR which was over 15 years ago...it's probably gotten much better by now. Back then, almost as much time was spent finding and fixing errors than it would have taken to just re-type the documents. X| I do think that OCR could work great if you were working with a tightly controlled format and document structure. Good luck! :)

                        "Go forth into the source" - Neal Morse

                        D Offline
                        D Offline
                        Dalriadic
                        wrote on last edited by
                        #11

                        Thanks for the good luck wishes. It's definitely been a learning experience with all the variables for OCR/OMR/OWR!

                        1 Reply Last reply
                        0
                        • J jsc42

                          From what I can tell, Kofax seems to be one of the market leaders. Have you thought of outsourcing the work to a dedicated BPO (Business Processing Outsourcing)? There are several around. What part of the world are you in? [Disclosure: I work for a BPO that specialises in scanning and data capture]

                          D Offline
                          D Offline
                          Dalriadic
                          wrote on last edited by
                          #12

                          Thought about it but the accumulated cost is to high as we deal in the 100,000+ range for invoices.

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