Transform your daily workflows and OCR Accounting Contract Template

Aug 6th, 2022
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How to OCR Accounting Contract Template

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[Music] hello there my name is quentin russell and i am the engagement specialist here at doc365 today were going to be uh presenting a webinar on a basic guide to ocr contract management tools uh mostly because this is kind of a big topic thats coming up recently a lot of other contract management solution providers are beginning to add ocr to their systems and so we figured wed kind of give you a crash course explain things to you let you know so that when you are appraising these different solutions um you know what everyones talking about and no ones gonna kind of be buzzwording you to death as a lot of sales people tend to do with that said i think were good to get started so what were going to be talking about today so first of all were going to go over who we are kind of lets establish our credibility let you know that we know what were talking about and then from there well jump into talking about what ocr is after that well talk about how ocr interacts with contra

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What is optical character recognition in accounting? Short for optical character recognition, OCR is a type of technology that converts scanned images into digital files. In the context of accounting, this means it is used to scan your receipts, invoices, purchase orders, and other relevant documents.
OCR, or optical character recognition, is the mechanical or electronic conversion of different types of documents scanned paper documents, PDF files, or digital images into editable and searchable files.
OCR contract management is the use of optical character recognition functionality to make contract analysis and comprehension more efficient. This is typically achieved by scanning and converting PDF files and paper contracts into structured data, where they can be read by machines.
In short, optical character recognition software helps convert images or physical documents into a searchable form. Examples of OCR are text extraction tools, PDF to . txt converters, and Googles image search function.
Learn how RGA deploys an automated underwriting system that uses optical character recognition (OCR) and natural language processing (NLP). The system reviews complex underwriting documents and extracts critical information for quick accept or decline decisions via automated rules and predictive models.
Optical character recognition (OCR) technology is a business solution for automating data extraction from printed or written text from a scanned document or image file and then converting the text into a machine-readable form to be used for data processing like editing or searching.
Office for Civil Rights (OCR) Learn more about or contact the Office for Civil Rights.
A business associate agreement establishes a legally-binding relationship between HIPAA-covered entities and business associates to ensure complete protection of PHI. This type of agreement is necessary if business associates can potentially access PHI during their work.

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