Recognize This: Using Intelligent Document Recognition to Automate Enterprise Content Management
By now, American business has conceded that the myth of the "paperless office" will indeed remain a myth. The main reason: paper has real utility. If it did not, we would not be making and distributing as many copies of each document as we do, and the printing industry would be dying.
While it is true that somewhere around 70 percent of all new corporate documents are digitally created, the remaining 30 percent that are distributed and processed as paper documents will stay at that rate and remain a problem for the foreseeable future. Moreover, a large quantity of forms that originate digitally are still printed and distributed as paper documents.
In particular, this pertains to documents such as invoices, medical claim forms, and bills of lading, where, for auditing and record-keeping purposes, it is often handier for a purchase order or a bill to be processed and tracked by a barcode on a paper form (for instance, FedEx and HCFA forms) than it is to send the information to its destination digitally.
In today's fast-moving global economy, integrating intelligent document recognition into an existing enterprise-wide, content management system facilitates rapid access to important, time-sensitive, mission-critical information almost as soon as they hit the company mailroom. In so doing, IDR technology enables improved support of executive decision-making, accelerates funds transfer, and expedites immediate access to market data, all of which works to create a competitive advantage for the host company.
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