A large part of what document scanning companies do is extract the required data off documents for their clients. Prior to the use of AI, this was done manually with data entry technicians typing in and indexing every character needed. This was a daunting task depending on the amount of information needed, and also led to inefficiencies and delays. Enter Optical Character Recognition (OCR) and Amazon Textract, two powerful tools offered by PACE, that are revolutionizing data processing and unlocking a plethora of benefits for users.
OCR technology converts printed or handwritten text into machine-readable text, making documents and images searchable and easily accessible.Textract even has advanced features that can identify key-value pairs, tables, forms and more complex structures within documents. This feature enables our clients to quickly retrieve relevant information from an extensive database of scanned documents, contracts, invoices and more. With Textract, documents that were previously difficult to search and manage, can now be effortlessly indexed and organized, saving valuable time and resources.
Here are some of the advantages of leveraging PACE’s OCR and Amazon Textract capabilities:
Cost Savings: With PACE, you have the flexibility to pick and choose which documents you’d like Textract used on, saving you money. For instance, you could have one document type use basic OCR, and only use Textract on heavy-text documents. Since Textract incurs higher costs, you have the ability to personalize the process and pick which documents you’d like used.
Automated Data Extraction: Manual data entry is not only time-consuming but also prone to errors. OCR and Amazon Textract significantly reduce the need for manual data extraction, interpretation, and entry. By automating these processes, organizations can streamline their operations, minimize human errors, and redirect your workforce toward higher-value tasks.
Accuracy & Efficiency: OCR and Textract leverage machine learning algorithms to achieve high accuracy in text recognition and data extraction. This improves the overall efficiency of document scanning and data capture processes.
Scalability: PACE is known for its scalability. As the document scanning company’s workload grows, PACE’s OCR and AWS Textract can seamlessly handle increased processing demands without the need for major infrastructure adjustments.
Seamless Integration: Textract is already provided within PACE and MadWhack, allowing businesses to incorporate these capabilities, while eliminating the need for extensive modifications.
Security & Compliance: PACE provides robust security features, including encryption and access controls, to ensure the confidentiality and integrity of scanned documents and extracted data. This is especially important for document scanning companies that handle sensitive or confidential information.
Reduced Manual Processes: With PACE, document scanning companies can reduce the need for manual intervention in the data extraction and quality review process. This not only increases efficiency and productivity, but also frees up employees to focus on more value-added tasks.
Overall, PACE’s OCR technology, in combination with AWS Textract, can significantly enhance the capabilities of document scanning companies by providing accurate, efficient, scalable and cost-effective solutions to increase your company’s productivity. By using PACE, document scanning companies can stay at the forefront of innovation and incorporate the latest advancements of machine learning and OCR technologies without the need for constant software upgrades. Want to see how PACE’s OCR and Amazon Textract work? Request a demo with our team.