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Invoice Processing Software

  • Disruptive Innovation Part 1: Software Impacting Daily Lives

    Summary:

    Learn how Delphi teamed up with Verizon to provide a disruptive innovation that provided a means of allowing continued driving privileges for a friend’s father with the early onset of Alzheimer’s disease.

     

    Sometimes when a new technological invention comes along, we wonder how we ever lived without the new device. Recently, I had dinner with a friend who is responsible for caring for his aging father who was recently diagnosed with the early signs of Alzheimer’s disease. This has created challenges for my friend because he wants his father to be able to maintain his mobility through the privilege of driving. This provides a means for his father to keep in touch with his family and local community. This summer he received a call from the police who were with his father in a nearby town where he was trying to locate his mother, who had passed away several years ago. This isolated event that occurred during his father’s early onset of the disease could have resulted in loss of his driving privileges except for the availability of a new invention called Delphi Connect with wireless connection that is provided through Verizon.

  • Disruptive Innovation Part 2: Invoice Processing Software

    Disruptive Innovation Part 2: Invoice Processing Software

    Summary:

    Learn how invoice processing software is rapidly becoming a disruptive innovation that allows companies to automate the tiring process of paying bills.

    As we stated in Part One of this series, sometimes when a new technological invention comes along we wonder how we ever lived without the new device or technological innovation. A “disruptive innovation” is a particular category of innovation which creates its own demand. For example, the invention of the automobile created a demand for its purchase when it didn’t exist and the available substitutes were of a qualitatively different nature. In the technology field, the pace of innovation is increasing to the extent that it is commonplace to hear our customers make statements like, “I don’t know how I have lived without this.” Within the past two years, we have been hearing this about a particular type of software application: invoice processing software. This trend towards the adoption of invoice processing software by companies of all sizes has created a trend in which this labor saving software has almost become a commodity much like word processing software.

  • OCR Invoice Processing Software

    OCR Invoice Processing Software Solutions:

    Invoice processing software provides the functionality to automate the extraction and exportation of data from invoices and purchase orders. The OCR invoice software provides a two-way match between the invoice and the purchase order and can also provide a three-way match to the shipping documents through some additional configuration. User Friendly Consulting provides several industry leading invoice processing software solutions including ABBYY FlexiCapture for Invoices and IRISXTract.