Using Image-Based Document Classification and Extraction

 Large organizations continue to process enormous volumes of paper-based information as well as large volumes of relatively unorganized electronic documents and files;  The cost of processing a paper invoice is ten times that of an invoice handled electronically , and the cost of classification and organization of electronic files runs from $.05 cent to $1.00 per page and even more for extraction of information therefrom;  It is imperative for large organizations to focus on the conversion of paper-based data into a computer-readable form and, also, to classify and organize them as well as all other electronic files;  Only now is it possible to significantly decrease the use of human labor for these activities while maintaining data accuracy and speeding the extraction and introduction of data into otherwise automated business systems;  Goals: lower costs; enhance competitive position; and become more responsive to both customers and vendors.