Optic character recognition also known as OCR technology is an effective business tool that has endless benefits. Some of the core features include time-saving, cost-saving, and much more. In this age where businesses value data more than anything, OCR software is a precious resource.
It’s a technology used for business automation of data from scattered documents or outside sources. Once the data is converted into usable data sets, businesses can leverage it for endless reasons. An OCR reads data from images, documents, or other sources, and it creates digital data files that are readable and editable.
Optic character recognition software is occasionally referred to as textbook recognition. OCR tools excerpts and repurposes data from documents, images, and image-only PDFs. It completely eliminates the need for manual data entry.
Need For Best OCR Software 2022
Endless businesses across various industries use OCR tools for their day-to-day needs. While there are thousands of optical character recognition software in the market, all of them help businesses with:
1. Time-Saving
We waste our time a lot by manually entering data from documents, images, and read-only PDFs. OCT tools can easily reduce the manual burden on you and read all the data from the sources. It’ll convert data into readable and editable files that can be used in way form or shape.
2. Error Reducing
You need to keep in mind that these tools aren’t perfect. It would be great for you to proofread the files created by OCR software. With that being said, the use of OCR tools can reduce the risk of errors that happen naturally during manual data handling. As the best OCR software will create files that are exact copies of the source.
3. Automates Business Processes
Advanced software options will allow you to label, classify and file documents. You can automate most processes with just a couple of clicks. You can set up guidelines to help organize these files automatically, thus helping you save stacks of time.
4. Batch Processing
Instead of putting your whole team to the task of manually filing data from fragmented sources. You can let your OCR software do it for you. Best OCR software can handle multiple files and documents at the same time. The best OCR software allows you to batch process the documents to create editable and readable data files.
Top-Rated OCR Software are Listed Below
We’ve done some research and come up with a list of the best OCR tools that you can use for your business. Here’s our pick:
1. Nanonets
Nanonets is an AI-based OCR software that’s used for document data extraction purposes. With Nanonets, you can do all data extraction from financial documents, technical documents, Identity, and commercial documents.
2. ABBYY FineReader
ABBYY FineReader PDF is an OCR software that specializes in PDF file editing, sharing, or collaboration. You can easily protect your content, and digitize paper documents with ease. ABBY FineReader also works on AI algorithms.
3. Google Document AI
Google Document AI is one of the lesser-known OCR tools. It’s one of the solutions offered by the Google Cloud AI suite. The official name is Document AI, and it uses machine learning algorithms to categorize, extract, and simplify data from documents. It’s one of the easiest tools to set up, and it can be easily integrated with other Google services.
4. IBM Datacap
IBM Datacap is without a doubt one of the best OCT software for business automation. The tool is available as part of the IBM Cloud Pack, and it allows users to capture, extract, and categorize documents. It is one of the best OCT for extracting unstructured data from a series of documents.
Also, It can even save editable text into documents from emails, fax, PDF, images, and more. It works on Machine learning to extract complex documents and organize them.
5. Kofax Omnipage
Omnipage is a robust PDF OCR software that can automate high-volume OCR needs. Businesses of all kinds can use this tool for table data extraction, line-item matching, and smart extraction.
6. AWS Textract
AWS Textract is one of the best optical character recognition software that you can choose from. It can scan documents easily using machine learning to provide the most accurate results. The tool is also used to identify, understand, and extract data from sources. The tool is pretty easy to use, and if you’re short on money then it uses a pay-per-use billing model.
7. Adobe Acrobat DC
Adobe also has its very own OCR tools. You can use it to convert images and scanned documents into editable PDF files. Overall, it’s one of the best OCR software available on the market. Using it, you can create searchable PDF files for editing or signing anywhere you go. It can also convert PDF into MS Word files or JPEGs.
8. Docparser
Docparser uses “Zonal OCR Technology”, the tool extracts information from images. It creates easy-to-understand data files, and they can be edited, sorted, and filtered as per your preference. It also offers a barcode and QR reader that is incredibly useful.
9. Klippa
Kippa is another one of the great OCR tool that helps you document management, classification, and data extraction from fragmented sources. It is used across several industries by a lot of businesses. The biggest feature of Klippa is robotic accounting.
Most businesses use Klippa to automate data extraction from invoices, receipts, and other financial documents.
10. SimpleOCR
SimpleOCR is the simplest optical character recognition software on the market. It doesn’t offer any flashy features, and it can identify simple formatting. It also has a built-in spell checker, so it’s perfect for home and personal use.
Conclusion: The Best Optical Character Recognition Software
OCR software is amazing at automating the data extraction process. Instead of spending endless man hours on menial tasks, you can rely on OCR tools. They can help you save time and money as well. Choose any of the above-mentioned best OCR software from our lists, and expect great results.
