OCR technology has been a go-to solution for digitizing paper invoices for quite some time now. It's sold as a virtual assistant that can magically extract relevant data from PDF invoices. However, OCR is not without its challenges.

Today, we're diving into the world of AP automation and exploring a game-changer in the field: Transcepta. If you're tired of dealing with the complexities and limitations of Optical Character Recognition (OCR), then this blog post is for you. Transcepta offers a refreshing alternative that can liberate your AP team from OCR and revolutionize how you process invoices. Let's jump right in!

The OCR Conundrum

OCR technology has been a go-to solution for digitizing paper invoices for quite some time now. It's sold as a virtual assistant that can magically extract relevant data from PDF invoices. However, OCR is not without its challenges.

First and foremost, OCR accuracy can be a bit hit-or-miss. It heavily relies on the quality of the PDF being scanned, making it susceptible to errors. OCR also requires your AP department to staff to verify accuracy of the OCR. This leads to time-consuming manual intervention and data correction—a headache you’d rather avoid.

Enter Transcepta

Transcepta is here to save the day! It offers a cloud-based platform that takes AP automation to the next level. Instead of relying on OCR, Transcepta combines its cutting-edge digital technology with a vast supplier network and robust AI based data validation algorithms. The result? Higher accuracy, faster processing times, and the highest straight-through invoice processing rate possible.

If you're ready to liberate your AP team from the limitations of OCR, Transcepta is the game-changer you've been waiting for. With its advanced technology, seamless integration, and extensive supplier network, Transcepta revolutionizes the way you manage accounts payable. By embracing it, you'll increase efficiency and empower your team to focus on more value-adding tasks. Give Transcepta a try and witness the future of AP automation unfold before your eyes!

Watch our on-demand webinar to learn how Transcepta can help.