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AutoEntry began life as OCREX, a tool for extracting transactions from paper bank statements. Not long after, the company expanded to extracting information from other types of documents, including receipts, purchase orders, and invoices. One thing that makes AutoEntry different than other document processing solutions is that it can extract full line item detail from documents, making it very powerful for businesses that need to get granularity out of their bills.
It takes plenty of patience to deal with paper-based accounts payable processes, especially when paying vendors with paper checks, and there are many other accounts payable problems that finance departments tend to downplay. The costs and risks associated with paper far exceed the reward businesses think they’re getting by using paper. In reality, paper payments bring about more troubles than success.
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