But it is the next layer, smart data extraction, that understands and processes the text from the OCR to transform it into relevant data.
What you really want to know when investigating AP automation solution providers is whether the solution has a complete technology, combining OCR (converting images to text), smart data extraction (transforming the text into relevant data), and machine learning (remembering the data and populating it into the applicable data fields each time the data is recognized).
In other words, you are looking for a system that gets smarter the more you use it!
Learn more about how smart data extraction makes for smart AP automation in this article by Yooz CIO/COO Laurent Charpentier, published to Spend Matters.
Yooz has been recognized as a 2017, 2018, and 2019 Top 50 Provider to Watch by the Spend Matters Almanac.