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What is Data Extraction?
OCR stands for Optical Character Recognition and is the technology
that allows software to interpret machine printed text on scanned images.
Data Extraction Software uses OCR technology to automate data entry tasks
involving machine printed forms. When the forms all have the same format, simple
Zone OCR can be employed to convert specific regions of the page to usable data.
Advanced data extraction software is also able to locate common data elements on
forms with many different formats. The most common example of this is
Invoice Processing,
but data extraction can be done with any type of document.
Data extraction software can also be used to:
Who can benefit from data extraction software?
Any organization that must enter data in a database that comes from paper
forms or electronic documents like Word, Excel and PDF files can get a very high return on investment by
automating the data entry with data extraction software.
Depending on the type and volume of documents and data you have, the cost of the
solution could range from a few hundred dollars to tens of thousands. A simple project
could justify a software purchase to save only a few days of data entry time. A complex
project with many different types of documents and unstructured data could need
to offset hundreds of data entry hours to justify the expense.
Organizations that have many separate departments that perform data entry
from documents can share the budget for data extraction software by
re-using it for other projects. Your current project may not be big enough
to justify the expense, but when combined with one or two others it would be.
How much do Data Extraction systems cost?
As mentioned above, the biggest factor in the price of the system is the
complexity and volume of the documents and data being captured. The total
cost of a data extraction solution also includes several other items:
- Time to install and configure the software
- Recognition templates must be created for each data field
- Data exports must be defined for each document template
- User and administrator training
- Labor required to verify the recognition results
- IT infrastructure and maintenance costs
If you have an IT staff that is familiar with document scanning and OCR
applications, it is possible to do most of the configuration and maintenance
in-house. If not then it is highly recommended that you use our
Consulting Services
to guide you through the setup process.
Contact Us to get a professional analysis of your project
requirements and a full time and cost estimate.
What is the typical data entry workflow?
The process of converting a paper document to live data you can use
is as follows:
- Paper is are prepped for scanning (unfolded, staples removed, etc.)
- Documents are scanned on a high-speed document scanner
- Scanned images are recognized with OCR
- Matching algorithms locate data elements within the text
- Fields that fail validation checks are presented to
the operators for manual review and correction
- Once all errors are corrected, data is exported to final destination
How do I find out more?
Virtually any document with data that must be keyed
in can benefit from data extraction software.
- Invoices, Purchase Orders & Statements
- Health care documents (labs, EOBs)
- Litigation support
- Scientific research
- Organize shared drive folders & files
- SharePoint document migration
- Contracts & agreements
- Mortgage & financial documents
Automating data entry using OCR technology has many more benefits than
just saving time on typing.
- Cut data entry time/costs by up to 90%
- Reduce error rates with validation rules
- Enable remote data entry
- Superior data entry ergonomics
- Improved data security & privacy
- Scanned documents are digitized and archived automatically
- Electronic files can be processed in seconds with 100% accuracy
Solutions for Simple Documents
Simple documents have data elements in the same location
on every page and can be automated with Zonal OCR.
Solutions for Complex Documents
Documents with many different possible layouts, unsorted documents
that must be classfieid, or documents with tables and line
item data that must be read.
- ABBYY FlexiCapture
is the most robust general purpose OCR data capture application available.
- IRISXtract
has preconfigured modules for accounts payable,
human resources, healthcare, mailroom and other common configurations.
- SimpleIndex uses pattern matching (RegEx)
to locate data on different documents at a fraction of the cost of enterprise data capture applications.
Solutions for Electronic Documents
Although all of our data extraction solutions can be configured to
read data from electronic documents, only SimpleIndex
does this without first converting the document to an image and performing OCR on it. SimpleIndex
is able to use the original text in MS Office and PDF files and extract data from it with complex pattern matching algorithms.
This process is lightning fast and 100% accurate, and SimpleIndex
is a low-cost application that any business can afford.
Enterprise Data Capture
Large companies with massive document capture and data
entry projects should use these enterprise solutions that are
designed to handle high volume jobs, multiple departments and workflows.
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ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
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Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
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FlexiCapture is no longer available. This record has been retained for maintenance and order history. Click Here for the current listing.
Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
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Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more...
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ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable
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Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more...
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ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable
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ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable
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Overview
ABBYY FlexiCapture is a powerful data capture and document processing solution
from a world-leading technology vendor. It is designed to transform streams of
documents of any structure and complexity into business-ready data. And its award-winning
recognition technologies, automatic document classification, plus a highly
scalable and customizable architecture, mean that it can help companies and
organizations of any size to streamline their business processes, increase
efficiency and reduce
more...
|
- ABBYY Web Page
- More Info/Brochure
- Login for Demos
- Forms Processing
- ABBYY
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ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable
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ABBYY FlexiCapture for invoices
- ABBYY FlexiCapture for Invoices is an easy-to-use, intelligent software solution for processing invoices. It replaces labor-intensive data input tasks with transparent, manageable, efficient, and automated data capture based on smart document analysis and character recognition technologies.
- ABBYY FlexiCapture for Invoices is based on the powerful ABBYY FlexiCapture platform and includes additional functionality, pre-defined settings, validation rules, advanced database look-up and UI enhancements specifically tailored for processing invoices.
- ABBYY FlexiCapture for Invoices is a ready-to-go solution that is capable
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Current Category:
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Pages related to Data Extraction:
ICR_Forms_Processing - survey data entry, data capture, Batch_Scanning - scan to database, image to database, automatic data capturing, Invoice_Processing - Invoice Data Entry, Invoice Data Capture, Data_Entry_Automation - data extraction, data entry automation, data capture software, automating data entry, automated data capture, ABBYY_FlexiCapture - Flexi Capture Data Entry Automation, Forms_Processing_Software - data extraction form, Data_Capture_Software - what is data capture, how to capture data, electronic data capture, data capture solution, data capture forms
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