How Infrrd OCR Solutions Making The Difference?

When introduced Optical Character Recognition software was considered to be a boon for businesses. Instead of manually transferring data from records, one could now simply extract data from them and enter it automatically into in-house systems. Hours of manual labour can now be saved but there remains a caveat. Errors introduced during the extraction process remain in your system and hold the potential for work to be stalled for many hours before the error is recognized and fixed.

OCR software also prone to fail when one tries to extract data from old documents. It could be attributed to the fading of the print or the lack of contrast that does not allow the software to correctly recognize the patterns. Additionally, most OCR software is designed to work with English as a language. But not everybody uses English as their first language. If you travel to Europe, the script remains the same but the language differs. Smart OCR software should be able to pick up this difference in language and adapt its data extraction algorithm to suit that language. Infrrd’s OCR solution was built to handle problems that traditional OCR software can’t.

What can Infrrd do?

Infrrd can be used for scanning and extract data from a wide range of documents. Whether you are interested in automated reading of receipts, invoices, utility bills, passports or other licences, bank statements or product sheets, Infrrd can scan them all without much hassle. To add to this, you could have your data in a custom PDF format or handwritten by your staff and Infrrd is capable of extracting data from there as well.

Unlike the traditional methods of OCR, which required you to buy highly specialized scanners and install them in locations, where they could be easily trained and checked upon, Infrrd makes the job extremely simple by working through a regular smartphone. A simple app is all you need on the smartphone and any member of your staff can simply take a picture and initiate the scanning and data extraction process from their location itself. No more sending of documents to and fro. Infrrd lets you scan the document of your interest and extracts the information you need.

How does Infrrd do this?

Traditionally, OCR software has been quite rigid in their approach. They need to be told, what the document looks like, which field is found where and what data needs to be captured. Plus, the software will take the information for its face value, irrespective of whether it is right or wrong.

Infrrd, on the other hand, uses Artificial Intelligence (AI) algorithms and machine learning to not only read the documents but also to train itself for the future. So, even if the invoice or a bill is presented in a new format, the system can quickly adapt and continue with data extraction without you having to train the system. The AI algorithm analyses the data of your documents and automatically corrects it to suit the most likely of the words that your invoices regularly use. This saves you precious time because there is no more error finding to do later on.

As the system learns, it can read and extract data from more and more documents that you or your business tends to use and also increases it accuracy score. There are no templates that you need to provide, to begin with, and the extraction can work off mobile devices too. So, no more central processing of extractions, your staff can initiate and transfer data on-site, on the go or from the comfort of their home, if need be.

Putting Infrrd to use

Thanks to their mobile SDK and a white labelled app, Infrrd can be on-boarded quite quickly. By default, the app extracts data such as the type of expense, name of the dealer, transaction date, transaction amount and currency of the transaction. This is a feature that you will never find in a traditional OCR, where you have to begin training right from the beginning.

For all the additional data that you might want to be extracted, Infrrd can be trained quite quickly and relies on its learning abilities to perfect its craft. AI algorithms allow in the quick extraction of data on taxes, business names and even classification of documents by their types. For certain businesses that require the line by line extraction, the algorithm can be instructed to follow the same and the automated extraction can be put into action in no time.

Infrrd also provides a deep learning based logo detection algorithm that can help in quick identification of businesses from the logo or trademark alone. It does not really matter where the logo is from, once our algorithm has linked a company to the logo, it can quickly confirm the same with the invoice and proceed to data extraction. Prior to data extraction, the algorithm also automatically identifies the language used for the document to ensure that the data extraction is done for relevant data and no time is wasted in redoing the data extraction later on.

Where is Infrrd used?

Infrrd superior OCR capabilities, as compared to traditional OCR software, are being used in many parts of the world across various industries. From the retail industry to finance, back offices to SaaS providers, many industries are now making use of Infrrd OCR capabilities. With offices in the US, Australia, New Zealand and India, you can rest assured that you are supported by the highly talented support staff, wherever you are.

Infrrd also offers other AI-based solutions that help businesses make more sense of the data they have and make more specific recommendations, based on user preferences and behaviour. If your business also requires such services, then the team at Infrrd would be happy to get in touch with you.

Infrrd is already working with some of the top names in their field such as Kohl’s, Levi’s, Staples and many more. Wouldn’t you like your business to get the same edge that these businesses enjoy? So, send data extraction and correction to the machines and focus your productivity on your core business.

Infrrd OCR can help you address some of the typical problems that traditional OCR software does not handle well. Language detection and appropriate interpretation can be better achieved faster by machine learning than the traditional training of the system and this is where Infrrd OCR beats the competition. As your system improves, you can even use it to extract data from old documents and digitalise your records instead of making more storage spaces in your office. Good OCR software like Infrrd learns and grows with your organization.

The Editorial Team

The Editorial Team comprises of Startup-Experts.

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