Cash Application Automation: 5 Threats of an Incomplete OCR Solution

Cash Application Automation: 5 Threats of an Incomplete OCR Solution

About The Video

Today, more than 40% of A/R Departments are evaluating technology to eliminate manual cash reconciliation and posting. Optical Character Recognition (OCR) has been at the forefront of solutions for automating cash application and increasing team efficiency. However, those who have experienced OCR first-hand know that such claims are far from reality. An incomplete OCR solution is just ‘eyes without a brain’ and requires frequent manual intervention to handle exceptions and to update for multiple customer remittance formats.

Speakers:

Vikram Gollakota, Director of Solution Engineering, HighRadius Corp.