Optical Character Recognition is an innovative technology that helps in business management. It is widely used, and is often used to extract information from bills of lading. This type of documents is difficult to process because they have a complex layout – this is a prerequisite for errors in manual work. For this reason, ocr bill of lading is a solution that is considered super useful when it comes to processing this type of document. It helps for the correct extraction of the information as well as for the correct export of the document.
What is important to know about OCR bill of lading?
Rationalized management of company data (financial and logistical) is the basis of good business results. Investment in software solutions such as ocr bill of lading is a cost-effective solution that will lead to success in every aspect. This explains the fact that more and more companies choose to invest money in similar technologies which have a high return and are a very good way to optimize work processes. Important information on the subject:
- an important thing about SmartSoft’s software solution for optical character recognition from OCR bill of lading is its principle of operation, which is based on machine learning – it is possible thanks to special algorithms that have been developed to perfection so as to meet the technological needs of companies. Regardless of whether the bills of lading are unstructured or structured, OCR technology will easily cope with the task of extracting the key information from the document;
- modern companies have to develop in a highly competitive and very dynamic environment, which makes business difficult in many ways – optimizing work processes is a primary goal for companies that welcome automation with an open mind and high enthusiasm. Thus, they achieve the following – fewer errors in document processing, higher accuracy in extracting and redirecting information from bills of lading (and not only), less time for employees to deal with all these tasks;
- OCR bill of lading is a revolutionary solution that has no analogue – technology turns the processing of this type of document from a risky process into a secure way to extract key information and organize it optimally. Keep in mind that bills of lading are used in the logistics sector and are a very important document that describes the type and number of goods transported, as well as the information related to the carrier and the sender. They have legal value and it is very important that they are described up in a correct way;
- OCR Bill of Lading uses AI for machine learning and can convert scanned/paper documents to PDF formats understanding in an intelligent way not only the basic information but also the context – the SmartSoft team reminds users that with similar software solutions, the management of logistics activities is much more effective for all parties;
- the human factor is also something worth talking about in terms of the benefits of OCR technology for handling bills of lading – if usually employees spend hours processing such kind of documents, with the technology this time will be reduced many times. This will help the logistics team to focus their time and energy on other, more important business aspects, which will improve productivity and the company’s business positions.
The digital progress of the 21st century has been successful in its technological discoveries that give people the opportunity to make their lives and work much easier and more enjoyable. OCR bill of lading will bring many positives to modern businesses and make them even more profitable and resistant to competition.
What business benefits is associated with the software?
Automatic data extraction, higher reliability of the presented information, processing of different formats and different organization of bills of lading – SmartSoft’s software made the business more successful and organized, and the management of key information was easy and cost the company a lot of money. Manual labor costs will be reduced and the work process streamlined. Even if the documents are handwritten, you can easily edit them down to the last detail, as the information in them will be correctly presented and exported.
Conclusion
Some technological solutions are worth it in every respect. They are efficient and financially returnable, making them an important tool for any company – proof of this is SmartSoft’s software for processing bills of lading with OCR technology. The application is used exclusively in the logistics business and is a game-changer because it shortens the time for processing information and replaces manual labor with automation.
If you want the best for your logistics business, choose SmartSoft’s solutions, which, in addition to the processing of bills of lading, they are also used in other activities such as invoice scanning, automatic archiving of documents, etc. change the way of working in your company and streamline every single step of the workflow.