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Version One and Specsavers Focus on Data Capture Technology at Softworld 2006
Document management and imaging software author, Version One is exhibiting its automated data capture solution, DbCapture, on stand AF233 at Softworld Accounting and Finance 2006 (18th - 19th October 2006 at NEC, Birmingham). During a Masterclass session at 2:00pm on 18th October 2006, The Director of Finance from Specsavers is also presenting a case study that clearly demonstrates the benefits of using DbCapture.
DbCapture, the latest addition to Version One's portfolio of 'paperless office' solutions, enables automated data capture by using advanced Optical Character Recognition (OCR) technology.
By scanning-in a batch of documents, such as invoices, DbCapture automatically recognises document type and supplier by each document's unique characteristics. DbCapture then highlights and extracts the relevant references and amounts and validates the extracted data against the accounting system. The validated data can then be automatically uploaded into the core financial system.
Benefits of using DbCapture include reduced manual data entry and labour costs, and by getting invoices processed more efficiently, late payment penalties are dramatically reduced.
Leading UK optician, Specsavers, has implemented DbCapture to streamline its 'procure-to-pay' functions and provide greater efficiency for its finance operation. During the Softworld Masterclass session 2:00pm on 18th October, Specsavers' Director of Finance, Karen Dicks, will explain how Version One's DbCapture is dramatically improving Specsavers' financial processes, reducing its data entry effort by up to 80% and significantly reducing time and money.

