How does our document AI platform help optimise utility bill management?
An Artificial Intelligence (AI) Optical Character Recognition (OCR) data extractor is advanced technology that can read, interpret, and convert both structured and unstructured text from various formats into editable data. It does this by scanning, identifying, and analysing the characters in the document. In the context of utility bill management, an AI OCR data extractor can be a game-changer for businesses. Utility bills, often received in different formats, structured and unstructured, can be overwhelming to manage manually – particularly for businesses with multiple locations or high utility usage.The AI OCR data extractor automates this by accurately capturing and digitising the data from these bills, irrespective of their format. It reduces errors from manual data entry and saves significant time and resources.
An AI-powered OCR data extractor could aid in utility bill management for a hotel chain with multiple locations receiving monthly or quarterly utility bills. The OCR technology would automate the scanning and entering of data from each utility bill, saving time and reducing errors. This data could then highlight discrepancies such as unusual usage at a particular hotel or consistent billing errors from a provider. Hence, an AI OCR data extractor streamlines utility bill management, saving time, reducing costs, and providing valuable data insights.
