“What is OCR?” and four other Frequently Asked Questions about OCR answered by Klippa

OCR is a technology used by businesses for all kinds of purposes, but what is OCR exactly? And how does it work? In this video, we at Klippa answer 5 frequently asked questions about OCR. Want to know more? Check out https://link.klippa.com/website

We will answer the five following questions:
1: What is OCR?
2: How does OCR work?
3: What is OCR software used for?
4: Does OCR work for all languages and documents?
5: How to get started with OCR?

Still have questions left by the end of the video? Don’t hesitate to leave a comment below! Or feel free to get in touch with us via email ([email protected]) or phone (+31 50 2111631).

So what is OCR? OCR stands for Optical Character Recognition and is a technology that turns a picture or scan of something containing text into actual digital text. From this data, information can be extracted and processed for all kinds of purposes. This process, from image, to text, to data points, and potential verification options, is known as Intelligent Document Processing, or IDP, and this is what Klippa is an expert in.

OCR works by transforming each shape into a closed matching letter. The data extraction can be done in multiple ways; either by using templates, or the Klippa way by using AI. The benefit of AI is that data can be extracted regardless of where it is located on the document.

There are many different use cases for OCR software, for example expense management, invoice processing, but also in KYC processes, VAT reclaims, identity verification, scanning licence plates, and so on.
Pretty much anywhere you now manually go through documents or images with text to filter out information, OCR can help automate the process.

OCR works for all languages and can be used for any type of document or image containing text. However, there are differences between providers in which languages and document types they support and are specialised in.

To get started with OCR, it’s essential to first find the right business case. Then, it’s a good idea to look at which requirements are important to you and look at how well different providers fit your needs. If you have a shortlist of candidates, it’s a good idea to get to know them a bit better via a demo. Check out https://link.klippa.com/faqdemo if you want to book a demo with Klippa.

Next, it’s important to calculate the expected ROI. Take a look at https://link.klippa.com/expensemanage... or https://link.klippa.com/accountspayab... to see tips and examples on how to do this. Also, don’t forget to evaluate your chosen solution after you’ve started using it.

We hope this video gives you a better understanding of what OCR is, how it works and how it can be used. If it did, please give it a thumbs up and consider subscribing to our channel to see more videos about OCR and Klippa’s solutions. Still have questions? Leave a comment below!

Our website: https://link.klippa.com/website
LinkedIn: https://link.klippa.com/klippalinkedin

#OCR #DocHorizon #Invoices #Receipts #Loyalty #documents #IDP

0:00 Intro
0:18 What is OCR?
0:58 How does OCR work?
2:20 What is OCR software used for?
3:38 Does OCR work for all languages and documents?
4:20 How to get started with OCR?
6:12 Outro