What OCR Can Do vs What Controls Must Do
Many companies implement OCR to read invoices… and then discover the real problem was never reading invoices. OCR does its job well. It reads documents, extracts invoice numbers, vendor details, and tax values. But once the invoice is digitized, the real questions begin. 1.Is the invoice valid? 2. Has it already been recorded? 3. Does it match the purchase order or goods received note? 4. Who needs to approve it? These are not OCR problems. They are control and workflow problems . And businesses are increasingly recognizing this. According to Gartner research, 59% of finance functions already use AI technologies in their operations. But automation only delivers real value when organisations move beyond standalone OCR tools and adopt smarter systems that bring structure to the process. Systems that can: • Detect anomalies s...