-Accounting & Business ServicesThe advantages of fully validated position data in accountingModern OCR solutions are becoming increasingly relevant and popular. Consequently, the estimated annual growth rate of this market is correspondingly high. Specifically, approximately 10% per year. The question now arises as to why this industry is estimated to be experiencing such... September 29, 2020Read more
-Accounting & Business ServicesThe costs of manual and software-supported invoice extraction part 3This article is the last in our mini-series on the costs of manual and software-based invoice extraction. But first a short recap. In the first article, we looked at the different cost positions that are usually relevant for manual invoice extraction. Often... September 24, 2020Read more
-Accounting & Business ServicesThe costs of manual and software-supported invoice extraction Part 2This blog post follows on from the last article, where we looked at the various cost positions that are usually incurred in manual invoice processing. We will now calculate these costs for the sample company Musterfirma AG. Note: Like the company,... September 22, 2020Read more
-Accounting & Business ServicesThe costs of manual and software-supported invoice extraction Part 1Many companies still process incoming invoices manually. According to rough estimates, this is a proud 90% of companies. This despite the fact that even with a relatively small number of invoices, the required effort quickly becomes expensive and, with increasing volume,... September 17, 2020Read more
-Accounting & Business ServicesNever miss cash discounts again thanks to faster throughput timesDoes your company receive all sorts of cash discounts that you can take advantage of on a regular basis? If so, according to a survey by Levvel Research, you are one of the 33% of companies that do. Around 16% of... September 10, 2020Read more
-Accounting & Business ServicesAutomation as job killer in accounting: Fact or myth?When people talk about automation, digitalization and robots, they quickly come to the idea that human labor is being replaced by modern technology. While this may certainly be the case for certain technologies and industries, automated document extraction does not... September 8, 2020Read more
-GeneralCloud document management vs. cloud file sharing: Differences and advantagesDocuments and forms are a core aspect of today’s business life. However, the omnipresence and tendency towards an increase in the number of documents also results in increasing complexity. One’s overview can quickly get lost. Especially when some documents are... September 3, 2020Read more
-GeneralDigital transformation; How to make PDF searchable and GDPR compliant“Going Paperless” is a frequently encountered buzzword in the era of digital transformation. An important aspect of this is archiving. In the course of progressive digitization, organizations are thus faced with the question of the extent to which documents can... September 1, 2020Read more
-GeneralDocument imaging vs. document scanningAs mentioned in a previous article, Machine Learning-driven document extraction can be used to optimize processes. In concrete terms, you have the opportunity to significantly reduce throughput times, costs and error-proneness. And what company doesn’t want that? In the course of... August 25, 2020Read more
-General4 reasons why you should break up with your legacy OCRFrom time to time, it makes sense to evaluate the relationships in your life and the value you assign to them. Because there are some important aspects that make for a healthy and constructive relationship. If these aspects are out... August 20, 2020Read more