For procurement professionals and decision makers, a strategic approach to procurement is key to efficient resource management. Here you can learn more about strategic sourcing, its importance and how it can positively change your business.
In the world of procurement, where accuracy and cost reduction are paramount, organizations often rely on digital tools to streamline their processes. One tool that is often used is Excel – very versatile, yet it does not meet the specific requirements and strategic goals of procurement organizations.
Companies that want to streamline their operations and promote sustainable growth must be aware that efficient procurement processes play an important role. At the heart of optimizing purchasing activities is operational procurement – a critical function that ensures the timely procurement of goods and services required for day-to-day business operations.
Invoice recognition, a key component of accounting automation, plays a critical role in ensuring seamless and error-free invoice processing. This blog explores invoice item recognition, its importance in improving accuracy, and how Onventis’ intelligent OCR solutions are transforming this process.
OCR stands for Optical Character Recognition and represents a technology for automatic text recognition in digital documents. Such software makes it possible to convert scanned and unstructured documents into editable and structured files. Especially in invoice processing, this advantageous technology speeds up the process immensely.