OCR Software
In times of digitization, efficient conversion of physical documents into digital formats is essential for companies of all sizes and in all industries. OCR software is an indispensable tool for this.
Watch our video to find out how we can automate your document processing and save your company time and money.
In 99 seconds, we explain the benefits of AI-powered document processing, how our IDP technology works, the different solutions we offer and the types of documents we can process.
Typical use cases of our AI software
Whether claims, procurement processes or invoice processing – our AI-based IDP platform solves a variety of use cases and helps companies to increase efficiency, increase sales and reduce risks.
Delivery Bills
Can delivery bills also be processed? Yes, that’s no problem. Delivery bills accompany the delivered goods and confirm which items were delivered and in what quantity. They are important for reconciliation with the invoice to ensure that the items delivered match the items invoiced.
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AI-based OCR software
Optical Character Recognition is a technology that recognizes printed or handwritten text and converts it into machine-readable text. OCR software plays a crucial role in the automation of data extraction: such software extracts text from physical documents and converts them into digital formats. Printed text from scanned documents or PDF files is converted into editable and searchable data. This not only saves time, but also improves the accessibility of information.
With the right OCR software, you can revolutionize your document processing.
Most modern OCR software uses artificial intelligence (AI) and machine learning to improve its recognition capabilities and respond flexibly to different fonts, styles and layouts. These OCR models use machine learning to improve themselves and achieve more accurate results. And as artificial intelligence continues to evolve, OCR technologies are becoming more sophisticated and versatile.
ExB is more than just text recognition software, as it not only recognizes text, but also the meaning (semantics) and context of the words. The software can identify people, their roles and spatial relationships in documents, as well as recognize elements such as forms, signatures and logos.
Our software therefore goes one step further than pure OCR solutions. It can recognize complex patterns and relationships in data. By using OCR and AI, ExB can provide a deeper understanding of the content of documents, further optimizing automation and processing operations.
By applying technologies such as NLP – Natural Language Processing, ExB can identify and interpret intentions, opinions and feelings in texts. ExB is able to identify people and their specific roles within a text. This is particularly useful in documents where it is important to understand who is acting in what capacity, for example in contracts.
Applications of OCR software
OCR software is used across industries to improve the efficiency, accuracy and accessibility of information. Optical Character Recognition (OCR) technologies have experienced an enormous upswing in recent years and have become an indispensable tool in numerous industries. Particularly noteworthy are the applications of OCR software in the logistics, retail and manufacturing sectors, where it makes a significant contribution to increasing efficiency and automating processes.
In logistics, OCR enables supply chain processes to be handled more efficiently by digitizing freight documents, delivery bills and customs documents quickly and without errors. This speeds up data transfer and reduces the need for manual input.
In retail, OCR supports the fast processing of sales receipts, invoices and orders, enabling more efficient accounting and inventory management. The digital capture of customer receipts also improves customer service and provides a data basis for marketing strategies.
In the manufacturing industry, OCR promotes the automation of document processing by digitizing work orders, production plans and material lists and making them available within the system. This optimizes production processes and minimizes the risk of data errors.
Choosing the right OCR software
When choosing OCR software, there are a number of factors to consider, including recognition accuracy, support for different formats, user-friendliness and integration with other tools and systems.
OCR Software from ExB
ExB is the future of document digitization. Get in touch with us now or arrange a free, no-obligation product demo and discover how our IDP software can revolutionize your document processing.
Is AI worth it?
Artificial intelligence (AI) is increasingly finding its way into our everyday lives and corresponding solutions will become a natural component of digital change in large companies and German SMEs in the coming years. But is AI also worthwhile for your company?
“Thanks to ExB’s software, we were able to master the challenges of document processing in the logistics sector. The automatic assignment of order documents and the generation of instructions for our employees have significantly simplified and accelerated our processes.”
“ExB’s advanced technology enabled us to not only overcome AGILA’s challenges in animal health insurance, but also to provide added value. The high precision and automation of ExB’s AI extraction was a key factor in this.”
“When it comes to innovation, we’ve come to see ExB as the thought leader in AI and IDP, and a valuable sparring partner capable of championing the key strategic role of ML and automation.”
“Thanks to the collaboration with ExB, we have been able to tremendously optimize our email processes in conjunction with our procurement system. It is as if we have received a digital extension of our team, working tirelessly and accurately.”
Further information on the OCR software from ExB
Explore our comprehensive platform overview, discover the benefits for your industry and expand your knowledge with our informative IDP blog and advice section.
Find out what IDP is, how our platform works and what advantages it offers.
With ExB, you can automate your document processing - no matter what industry your company belongs to.
In our blog, we report on the latest developments and explain exciting trends relating to IDP and AI.
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