Scan and Capture

What is Scan and Capture?

Scan and capture is a process that uses AI and OCR (Optical Character Recognition) technology to digitize physical documents and capture relevant data from them electronically. In business, scan and capture solutions are commonly used to streamline document management processes, reduce paper-based workflows, and improve efficiency.

Related terms

3 Way Match

3-way matching refers to a three-step process of matching three key documents before processing a payment to a supplier.

Accounts Payable Automation

Accounts payable automation (AP Automation) refers to the use of technology and software solutions to streamline and optimize the accounts payable process within an organization.

Accounts Payable Days

Accounts Payable Days (AP Days), also referred to as Days Payable Outstanding (DPO), is a financial ratio that measures the average time a company takes to pay its suppliers or vendors for credit purchases.

Accounts Payable Turnover

Accounts payable turnover explains how many times a business pays its creditors in a set timespan. Companies can use this metric to measure their short-term liquidity.

Advanced Electronic Bank Payments

Advanced electronic bank payments typically refer to sophisticated electronic payment methods and systems that enable businesses to execute various types of transactions with their banks electronically, often leveraging advanced technologies and automation capabilities.

Advanced Inventory

Advanced inventory refers to a comprehensive and feature-rich inventory management system or module within an enterprise resource planning (ERP) software or inventory management software.