SHARE

Signing On for the Electronic Document Opportunity

Electronic documents The Prevalence of Scanning A full 90% report they do some scanning of forms and documents. Text Recognition Is a Significant Opportunity Of the 73% of respondents who specifically scan forms, only half use text recognition to capture data. A quarter only scan to archive and the remaining quarter scan images, but also […]

Written By

Michael Vizard

May 30, 2014

Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Electronic documents

The Prevalence of Scanning

A full 90% report they do some scanning of forms and documents.

Text Recognition Is a Significant Opportunity

Of the 73% of respondents who specifically scan forms, only half use text recognition to capture data. A quarter only scan to archive and the remaining quarter scan images, but also manually re-key the data.

Plans to Implement Recognition Technologies

24% of those surveyed say they plan to implement some type of text-recognition software.

Text-Recognition Productivity Gains

For all respondents, an average productivity improvement of 31% was anticipated as a result of the automation of recognition of hand-written text. 28% of respondents anticipated a productivity improvement of 50% or more.

Dependency on Handwritten Data Fields

For 40%, half or more of inbound forms have handwritten data fields. For 29%, half or more of their forms have hand-written free text or open-ended data fields.

Signatures Required

A full 55% have signatures on half or more of their forms. And 25%, have processes that require signatures to be matched and verified. For 45%, it would be extremely or very useful to automatically match signatures on contracts and purchase agreements.

Business Value of ICR

44% would find it extremely or very useful to recognize hand-written keywords on open-ended form fields or business documents.

The Handwriting Recognition Opportunity

37% of AIIM members have never assessed ICR while 59% report having used optical character recognition (OCR) software. Only 43% have assessed ICR in the past two years.

The Outsourcing of Forms Processing

Only 25% outsource the processing of forms, and most of those who do only outsource a small percentage.

Top Objections to Electronic Forms Processing

27% cite the fact that they have too many different types of forms while a little over 25% say they don’t have enough critical mass across business units to implement.

The ICR Payback

For 35% of ICR users, the payback period is 12 months or less; 55% see an ROI within 18 months.

Michael Vizard

Michael Vizard is a seasoned IT journalist, with nearly 30 years of experience writing and editing about enterprise IT issues. He is a writer for publications including Programmableweb, IT Business Edge, CIOinsight, Channel Insider and UBM Tech. He formerly was editorial director for Ziff-Davis Enterprise, where he launched the company’s custom content division, and has also served as editor in chief for CRN and InfoWorld. He also has held editorial positions at PC Week, Computerworld and Digital Review.

Signing On for the Electronic Document Opportunity

Michael Vizard

Recommended for you...

Company

Categories