Once the transformation happens, the data is available for bookkeeping or business intelligence. This can also happen with existing photo files or PDFs that are emailed to your Veryfi account. With Veryfi, a picture/scan of a document like a receipt is taken using the lens app (a scanned document) and the OCR software then pulls out data the user has deemed relevant. This work traditionally required manual human labor but that was inefficient and ripe for mistakes. Receipt OCR (optical character recognition or optical character reader) is the electronic or mechanical conversion of receipt images, receipt paper, and handwritten or printed text into machine-encoded text using software.
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