Invoice reader

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Invoice Reader is a technical term that usually signifies complex software solutions for enterprise Accounts Payable departments data entry business process optimization. The business process optimization is performed through the Invoice processing automation.

[edit] Functionality Scope

Those systems functionality normally covers the following scope

Invoice Reader solution elements
integrate with image documents sources such as scanners, enterprise e-mail servers, fax servers.
perform document characters recognition (Optical character recognition - OCR, Intelligent Character Recognition - ICR, Optical mark recognition - OMR) with multiple recognition engines
perform the Document classification
perform Automatic identification and data capture (also refereed to as data extraction, or intelligent document recognition - IDR)
manage the workflow of Document classification, validation and exceptions handling, and approval
integrate with line of business enterprise systems (Enterprise resource planning - ERP, Customer relations management - CRM, Content Management Systems - CMS, Digital archives...) and deliver the extracted information along with the images

Validations performed on the invoice usually include checks against the Line of Business systems information about vendors, line items (materials and services) bank accounts, contacts information, purchase orders, goods reciepts and similar.

[edit] Major Vendors

vendor	product	url
Top Image Systems	Invoice Reader solution based on eFLOW product line	http://www.topimagesystems.com
SAP SI	Invoice Reader
Betasystems	Invoice Reader solution based on FrontCollect
Razorsight	Invoice Reader