Scanned documents are basically image copies of physical documents. When you scan a document, the tool only takes a picture of the page and creates a PDF or JPEG file, making the text inside uneditable.
Tired of manually retyping data from scanned documents? We have a quicker way! With Fintelite AI-powered OCR (Optical Character Recognition), you can automatically parse and extract data from any scanned documents, whether it is proof of payments, contracts, forms, reports, or others.
In this article, we will answer all questions you may have on extracting data from scanned documents, and how Fintelite AI OCR can help you automate it. Check this out!
SUMMARY
- With Fintelite AI OCR, you can easily extract data from scanned documents in minutes.
- Make sure scanned documents you want to parse and extract are in high resolution and have clearly visible text to gain the most accurate results.
- Fintelite AI OCR seamlessly processes scanned documents in varying fonts and document structures.
- Integrate Fintelite AI OCR to your current Excel database or ERP systems to experience seamless automated data extraction without disrupting your existing workflow.
What makes scanned documents so hard to work with?
Answer: Document scanning process works much like a camera. It simply just captures an image of your document, not extracting the text inside. This is why scanned documents can be challenging to process, as the information within them is difficult to edit, copy, or analyze without using additional tools like OCR.
How can Fintelite AI OCR extract data from scanned documents?
Answer: Fintelite AI-powered OCR automatically extracts all the necessary information in images or PDF files of scanned documents, converting them into machine-readable datasets. With its intelligent capabilities, Fintelite seamlessly recognizes various fonts, layouts, and complex tables within any documents you need to process.
Try Fintelite for Free
How long does the data extraction process take?
Answer: After you upload the file, Fintelite will work instantly and deliver direct output in just seconds. Especially for single-page scanned documents like receipts, invoices, or purchase orders, the data extraction process takes less than a minute. Even for multi-page documents with extensive information, the process is usually complete in just a few minutes, saving you a lot of time, right?
Does the quality of scanned documents affect the results?
Answer: Yes, the clearer the text or numbers in the document, the better OCR can identify and capture them. Blurry, poor lighting, and skewed pages are several factors that can reduce the accuracy of OCR outcomes. A good scanned document should be properly taken and aligned, with all information easily readable.
Is there a way to customize which data to extract?
Answer: With Fintelite, you have full control to set up specific data fields from the documents that you want to extract. Moreover, you can also define how you want to label them. Customizing it only takes a few simple steps, no single code required.
Can Fintelite OCR be integrated with our current tools?
Answer: Fintelite AI OCR offers flexible deployment options, including if you want to implement it into your existing workflow. Connect Fintelite’s OCR to the tools you already use every day, so the data output can be transferred directly without you having to manually copy or re-enter information across different systems.
Does Fintelite OCR require separate training for each document type?
Answer: There’s no need to initially retrain the model every time you want to process different documents. Fintelite’s smart recognition easily adapts to various document formats and layouts. It automatically identifying important data points without additional training and setup.
