WiseTREND Advanced OCR & Data Capture, Inc.

Invoice processing with WiseINVOICE & ABBYY FlexiCapture

Speed up invoice (https://www.wisetrend.com/ [https://www.wisetrend.com/]) processing with WiseINVOICE & ABBYY FlexiCapture! All companies face the need to process incoming invoices. If your company has to process a lot of invoices, then you should probably know what huge amount of resources it takes and how much it costs.

SBA PPP documents automation and OCR processing solution for lenders

WiseTREND [https://www.wisetrend.com/sba-ppp-documents-automation-and-ocr-processing-solution-for-lenders/] Advanced OCR & Data Capture Are you a financial institution suddenly receiving hundreds of thousands or even millions of documents you have not needed to process before? Are they coming in by different methods and from different channels? Lacking staff or technology to automate your document processing? Recent government programs like PPP (Paycheck Protection Program) empowered the Small Business Administration (SBA) to provide loans.  But the back-office operation and all the overhead that comes with it was passed onto the banks.  No wonder the process has been slow, confusing and arguably broken.  If you think of it, literally overnight, now every bank needs to find staff and computing power to handle this new data inflow. WiseTREND Advanced OCR & Data Capture provides powerful Optical Character Recognition (OCR) software powered by Artificial intelligence (AI) to automate the capture, collection and processing of images, as well as performing data extraction and data validation.  Our software is pre-configured to process forms like IRS940, IRS 941, and all other documents required by the process. Our software will receive input from your customer, process it, check for errors, auto-fix some errors, escalate to operator review if human assistance is needed, and export the data to your backend databases.  No data entry or typing required.  The process generates a full audit trail as well as productivity and performance reports. We also provide complete offsite processing and full automation through our SOC-2 certified Managed Services and cloud-based processing. Please contact WiseTREND for a live demonstration.

Timeline Process Intelligence Summary

We are obsessed with analyzing (https://www.wisetrend.com/ [https://www.wisetrend.com/]) business processes. We believe that only by understanding the myriad business processes that are the life’s blood of your organization can you truly achieve operational excellence. Our patent-pending Timeline Analysis analytics engine delivers these critical process intelligence insights automatically – any process, any complexity and any size.

Invoice OCR, data capture and processing Invoices automatically, exceptions handling

In this podcast, we will demonstrate how the software (https://www.wisetrend.com/ [https://www.wisetrend.com/]) helps to speed up processing even with exception handling or if missing data occurs.  Our software allows to eliminate manual data entry to very minimum. Tools for capturing Invoice data and processing Invoices automatically. WiseTREND provides a wide range of document processing, data capture, and Optical Character Recognition tools for any paper-intensive environment. In this example, we will demonstrate how automation software tools can easily capture information and data fields form scanned, faxed and PDF-based invoices. Here is an invoice that has been scanned and processed by one of our software packages.  This software automatically located and recognized some data fields automatically. First, so make sure that the located and captured information is accurate, WiseTREND software may mark some characters in red color, indicating that a user may need to review these, characters for accuracy, while ignoring all other characters in black color. Next, the software suggests to the user that some fields could not be located.  They are listed here, and clicking on any field will highlight it in the cursor into it automatically, guiding the operator step by step. All text on the Invoice page has been converted to digital objects.  Operator can simply click on any text object, and that text will be placed into the associated field.  Entering information here is as simple as click, click, click – no manual data entry required. For those operators who prefer to use the keyboard, a similarly fast data collection technique is available.  Entire text from the invoice has been cashed in memory, so entering just the first character of the desired field provides a user-friendly suggestion, eliminating the need to enter the entire value. Our tools also monitor and check for accuracy and integrity of your data.  For example, in this Date field, if a user makes an accidental typo, the software will automatically fix it.  If the typo cannot be resolved automatically, the user will be informed about it with a friendly message reminder. Other rules include format checks, database and list lookups, mathematical formulas, regular expressions, and other logic-driven validation.  For example, one rule can validate multiple fields at the same time, such as reconciliation between line item totals and the total amount. Please contact www.wisetrend.com for more information and a demonstration for your specific documents.

WiseTrend Invoice Processing for Accounts Payable

Organizations can save up to 85% of invoice (https://www.wisetrend.com/ [https://www.wisetrend.com/]) processing costs through Accounts Payable automation. WiseTREND Intelligent Document Processing Portal is the only invoice processing solution, which is easy to access and use, efficient from day one and ensures end-to-end automation of accounts payable process.