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Data Extraction SCANNERS SOFTWARE PARTS  SERVICES  CONTACTS
Data Extraction software automates data entry tasks by using OCR (Optical Character Recognition) to read information from scanned or electronic documents.
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ICR forms processing software
Data Extraction Guide
What is Data Extraction?

What is Data Extraction?

OCR stands for Optical Character Recognition and is the technology that allows software to interpret machine printed text on scanned images.

Data Extraction Software uses OCR technology to automate data entry tasks involving machine printed forms. When the forms all have the same format, simple Zone OCR can be employed to convert specific regions of the page to usable data. Advanced data extraction software is also able to locate common data elements on forms with many different formats. The most common example of this is Invoice Processing, but data extraction can be done with any type of document.

Data extraction software can also be used to:

Who can benefit from data extraction software?

Who can benefit from data extraction software?

Any organization that must enter data in a database that comes from paper forms or electronic documents like Word, Excel and PDF files can get a very high return on investment by automating the data entry with data extraction software.

Depending on the type and volume of documents and data you have, the cost of the solution could range from a few hundred dollars to tens of thousands. A simple project could justify a software purchase to save only a few days of data entry time. A complex project with many different types of documents and unstructured data could need to offset hundreds of data entry hours to justify the expense.

Organizations that have many separate departments that perform data entry from documents can share the budget for data extraction software by re-using it for other projects. Your current project may not be big enough to justify the expense, but when combined with one or two others it would be.

How much do Data Extraction systems cost?

How much do Data Extraction systems cost?

As mentioned above, the biggest factor in the price of the system is the complexity and volume of the documents and data being captured. The total cost of a data extraction solution also includes several other items:

  • Time to install and configure the software
  • Recognition templates must be created for each data field
  • Data exports must be defined for each document template
  • User and administrator training
  • Labor required to verify the recognition results
  • IT infrastructure and maintenance costs

If you have an IT staff that is familiar with document scanning and OCR applications, it is possible to do most of the configuration and maintenance in-house. If not then it is highly recommended that you use our Consulting Services to guide you through the setup process.

Contact Us to get a professional analysis of your project requirements and a full time and cost estimate.

What is the typical data entry workflow?

What is the typical data entry workflow?

The process of converting a paper document to live data you can use is as follows:

  • Paper is are prepped for scanning (unfolded, staples removed, etc.)
  • Documents are scanned on a high-speed document scanner
  • Scanned images are recognized with OCR
  • Matching algorithms locate data elements within the text
  • Fields that fail validation checks are presented to the operators for manual review and correction
  • Once all errors are corrected, data is exported to final destination
How do I find out more?

How do I find out more?




 
Common Data Extraction Applications

Virtually any document with data that must be keyed in can benefit from data extraction software.

  • Invoices, Purchase Orders & Statements
  • Health care documents (labs, EOBs)
  • Litigation support
  • Scientific research
  • Organize shared drive folders & files
  • SharePoint document migration
  • Contracts & agreements
  • Mortgage & financial documents
Benefits of OCR Data Capture

Automating data entry using OCR technology has many more benefits than just saving time on typing.

  • Cut data entry time/costs by up to 90%
  • Reduce error rates with validation rules
  • Enable remote data entry
  • Superior data entry ergonomics
  • Improved data security & privacy
  • Scanned documents are digitized and archived automatically
  • Electronic files can be processed in seconds with 100% accuracy
 
Data Extraction & Capture Solutions

Solutions for Simple Documents

Simple documents have data elements in the same location on every page and can be automated with Zonal OCR.

Solutions for Complex Documents

Documents with many different possible layouts, unsorted documents that must be classfieid, or documents with tables and line item data that must be read.

  • ABBYY FlexiCapture is the most robust general purpose OCR data capture application available.
  • IRISXtract has preconfigured modules for accounts payable, human resources, healthcare, mailroom and other common configurations.
  • SimpleIndex uses pattern matching (RegEx) to locate data on different documents at a fraction of the cost of enterprise data capture applications.

Solutions for Electronic Documents

Although all of our data extraction solutions can be configured to read data from electronic documents, only SimpleIndex does this without first converting the document to an image and performing OCR on it. SimpleIndex is able to use the original text in MS Office and PDF files and extract data from it with complex pattern matching algorithms. This process is lightning fast and 100% accurate, and SimpleIndex is a low-cost application that any business can afford.

Enterprise Data Capture

Large companies with massive document capture and data entry projects should use these enterprise solutions that are designed to handle high volume jobs, multiple departments and workflows.


 
Data Extraction FAQ Topics:
Data Extraction FAQ Can you use OCR to read data from documents if it is not in the same place on every page?
Data Extraction FAQ How do I keep a running count of the number of pages scanned?
Data Extraction FAQ Can I scan a page with tables or form fields and have the output saved to a Microsoft Excel spreadsheet?
Data Extraction FAQ What is a product that will allow me to create forms and scan completed forms (handwritten) into a database or spreadsheet?
Data Extraction FAQ We want to automatically scan different forms, recognize what form it is, and file it for later retrieval. What software do we need?
Data Extraction FAQ Assuming a load of 500 documents per day, which Forms Processing software would you recommend in regards to value, reliability, and ease of use with a mid-volume scanner?
Data Extraction FAQ Can I scan a completed form into my computer and change the information, written text, or layout of the scanned document?
Data Extraction FAQ Does ScanStore provide outsourced document scanning, OCR or forms processing services?
Data Extraction FAQ I am looking for a software package that will allow me to scan a PDF document and fill in the blanks for electronic invoicing. It appears that your software will allow me to do this. However, I am also looking to have our invoices electronic requiring customers to sign the invoices using an iPad. Will your software package allow a free hand signature as well?
Data Extraction FAQ I would like to scan a document, then fill or type in the blanks. Will OCR software allow me to do this?
Data Extraction FAQ Is it safe to use my credit card on ScanStore.com? How do you protect my information?
Data Extraction FAQ Please let me know if the price stated in the Web site in US$ dollars?
Data Extraction FAQ What is your return policy? If the product has a problem on delivery how do you handle that?
Data Extraction FAQ Can scanner capture the image of document with shaded part of the document and still recognize information from that section with OCR, ICR or Barcode?

Data Extraction FAQ All FAQ Topics

 
 
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