Challenges
Manual Processes and lack of standardisation in Invoice Processing causes delay in the payout and leading to deployment of 100+Operation Support staff to process these invoices/cheques
Approach:Open Source based OCR solution was created so that it can extract information from the invoices and the cheques -hence automateand streamline the processes along with leading to reduction of Operation staff requirement to process the same.
Process
1.Document Capture
2.Cheque vsInvoice
3.Information Retrieval
4.Review & Report
5.Accounting
6.Posting into Ledger