HubBroker Introduces PDF2XML Solutions Aimed at Minimizing the Need for OCR Technology
Summary
Dover, DE, December 10, 2022 --( PR.com )-- HubBroker, a leading provider in enterprise integration solutions, e-invoicing and EDI, is introducing a new, more efficient way to capture data from PDF business documents automatically with near perfect accuracy. HubBroker takes care of the data extraction, data validation and augmentation process automatically by using an array of technologies including deterministic algorithms, machine learning and optical character recognition,” explains Jens Toke, Director, HubBroker.An analysis by Hubbroker shows that 77% of PDF invoices are machine-readable, which means they can be processed automatically by extracting the invoice information directly from the PDF file without the need for optical character recognition (OCR) technology. The benefit over OCR is quicker processing and reduced room for character interpretation that can cause invoice exceptions and human intervention. Buyers can avoid late payments resulting in happier suppliers enjoying shorter Days Sales Outstanding,” Jens continues.Hubbrokers solutions have several key benefits:Buyers can connect to all their suppliers – large and small – without changing anything on the supplier side.This solution can be used with any typed of PDFsOur solution is self-learning, which means it learns from transactions as it goes for continuous improvement, increased automation rates and more efficiency.“All of this results in significant savings opportunities to our clients by eliminating exceptions. They integrate their iPaaS with various ERP accounting platforms like e-conomic, Uniconta, Dinero, Billy, Opencart, Microsoft Dynamics, Amazon, Shopify, SAP, Magento, Alibaba, Debitoor, QuickBooks, Xero, Visma, Oracle, Tradeshift and many more.