Signing On for the Electronic Document Opportunity

By Michael Vizard

Most businesses live and die by the documents they process. The problem is that they are often processing documents in paper form, which is inefficient. Given the advances in intelligent character recognition (ICR), the number of businesses that could viably replace those paper forms with electronic ones has significantly increased. A new survey of 385 members of the Association for Information and Image Management (AIIM) underwritten by Parascript, a provider of document capture software, finds that ICR technologies are creating a significant opportunity for organizations to vastly improve the way they process those documents. The potential is also there for service providers in the channel to help their clients capitalize on ICR technologies. Survey respondents that have already implemented ICR are reporting major gains in productivity with returns on those investments often taking less than 12 months. As any business executive will tell you, changing the workflow within an organization is a major technical and cultural challenge, but the savings from the switch to electronic documents is nothing short of substantial. The good news is that most businesses today are familiar with scanning. They just haven't been exposed to the full potential of ICR.

This article was originally published on 2014-05-30