Category

Document Processing

Can OCR Automate Your Invoice and Utility Bill Processing?

By | Business Process Outsourcing, Data Entry Services, Document Processing | No Comments

OCR (Optical Character Recognition) works by converting images of handwritten or printed text into machine-encoded text. This text is made readable by machines and aims to automate data extraction through data capture technology. While this technology is used widely today,  it does require some manual effort in order to produce the highest amount of accuracy, especially with utility bill auditing. Depending on the quality of the handwritten or printed text, OCR technology may choose a specific character based on what it determines is the best match. So how well does OCR automate your invoice and utility bill processing? Read More

How to Streamline Utility Consumption and Sustainability Reporting

By | Business Process Outsourcing, Business Trends, Data Entry Services, Document Processing, Financial, Government, Healthcare, Logistics, Manufacturing, Retail | No Comments

Organizations are taking the initiative to collect data on utility consumption in order to provide sustainability reports to help improve their impact on society. The majority of the large cities in the US have different benchmarking ordinances that require large commercial, industrial, and multi-family properties to report their benchmarking compliance statistics. One of the challenges that these organizations find is that there is a large manual effort required when collecting and organizing the data to analyze for utility bill data management. As a result, organizations are searching for more cost-effective solutions for utility consumption and sustainability reporting. Read More

Top 5 Technologies Impacting Utility Bill Processing

By | Business Process Outsourcing, Business Trends, Data Entry Services, Document Processing, Financial, Government, Healthcare, Logistics, Manufacturing, Retail | No Comments

Data entry is the most commonly implemented method of utility bill processing. However, traditional data entry methods are incredibly inefficient. While there have been improvements over time, many businesses are still inefficiently entering utility bills by hand. This slow and redundant process has a higher likelihood for errors and a slower cycle time increases the chance of late payments. With the rise in automation technology, businesses have been finding solutions to utilize technologies impacting utility bill processing. Read More

How Does Automating Utility Bill Processing Provide Business Value?

By | Business Process Outsourcing, Data Entry Services, Document Processing, Financial, Manufacturing, Retail | No Comments

Businesses, especially ones that operate multiple buildings and facilities, know that utility expenses account for a fair amount of their overall operating costs. In addition, manually processing these utility bills is time-consuming and runs the risk of errors which can end up adding additional fees. Automating utility bill processing streamlines your process for efficient utility invoice management across multiple locations to improve visibility and reporting. By reducing the cycle time, accuracy, and efficiency, businesses gain a competitive edge while maintaining a lean team. Read More

What Are the Challenges of Utility Data Collection?

By | Business Process Outsourcing, Data Entry Services, Document Processing, Financial, Government | No Comments

The need for data has been rising in demand for utility and sustainability providers. Utility data provides important historical and trend data that allows businesses to analyze and forecast usage as well as flag any discrepancies that may arise in a bill. As a result, there is increasing pressure for these companies to build a growing database of utility data that provides greater visibility. The challenge many of these companies are facing comes from the manual nature of collecting bills and entering them into a system. Utility bill management often requires collecting and normalizing data. In order to overcome the challenges of utility data collection, utility solution providers are searching for a more automated solution. Read More

Transforming Data Through Automated Data Capture

By | Business Process Outsourcing, Data Entry Services, Document Processing | No Comments

In today’s business world, there is a greater need for increased efficiency to capture, understand, and utilize large sets of data. Automated data capture optimizes the ability to extract data through automated means. Simply put, it helps reduce the amount of time and effort required to process data-intensive processes. Automation of the data extraction process also helps streamline and maintain data consistency to reduce manual errors. Read More

Unlocking Your Potential Through Business Process Automation

By | Business Process Outsourcing, Document Processing | No Comments

In order to meet the needs of the current business world, businesses will need to increase operational growth in order to attain an optimal ROI. The goal is to increase productivity without increasing costs which makes automation the best solution for this task. With an automated process in place, there is an increase in consistency, reduced error rates, and helps free up staff members to concentrate on core competencies. Business Process Automation (BPA) incorporates the use of intelligent automation to streamline your current processes. Read More

How Does Accounts Payable Automation Improve Invoice Processing?

By | Business Process Outsourcing, Document Processing | No Comments

One of the biggest challenges of invoice processing is the time consuming in-house process which requires multiple users to enter data into various document management and software systems. Invoices need to be received, reviewed, and approved before payments can be made making turnaround time and accuracy very important. So how does outsourcing accounts payable automation services improve your business? Read More

Programming Efficiency: Machine Learning Data Extraction

By | Business Process Outsourcing, Data Entry Services, Document Processing | No Comments

With advancements in technology and the big data trend, machine learning has become more and more popular in the business world. Machine learning utilizes data mining principles and makes correlations to learn and apply new algorithms for higher accuracy. Quite often, this type of artificial intelligence is used for data extraction purposes in order to collect and organize large sets of data quickly and more efficiently. Read More

Ready To Reduce Your Costs? Start Saving Now