Can OCR Automate Your Invoice and Utility Bill Processing?

OCR (Optical Character Recognition) works by converting images of handwritten or printed text into machine-encoded text. This text is made readable by machines and aims to automate data extraction through data capture technology. While this technology is used widely today,  it does require some manual effort in order to produce the highest amount of accuracy, especially with utility bill auditing. Depending on the quality of the handwritten or printed text, OCR technology may choose a specific character based on what it determines is the best match. So how well does OCR automate your invoice and utility bill processing?

Utility Bill Management White Paper

Download our Utility Bill Management White Paper to learn more about:

The 4 Challenges of Utility Bill Management

• The Manual Data Collection Process
• Slow Cycle Times, Additional Penalties
• Data Normalization
• Impacts of Poor Data Quality

The Monthly Costs of Inefficiency

• Rising Energy Costs
• High Processing Costs Per Utility Invoice

The Benefits of Outsourcing Utility Bill Automation

• Reduced Operational Costs
• Improving Environmental Regulation Compliance Data Collection
• Reduced Cycle Time
• Increased Data Security

Download your free copy of the Utility Bill Management White Paper today!

Top Outsourcing Companies and Data Entry Agencies

In a recent press release by DesignRush, they rank the Top 14 Outsourcing Companies and Data Entry Agencies. At #1, ARDEM Incorporated was ranked as the top outsourcing company and data entry firm around the world.

1. ARDEM Incorporated

ARDEM is a global professional services company providing data entry outsourcing services, data analytics, and business process outsourcing services. Their clients come to them when they have vital business processes related to information processing and data management which they would like ARDEM Incorporated to manage. Their solutions are designed to deliver the highest quality data, in the quickest cycle time, at the most competitive price. ARDEM Incorporated is the expert in developing the best outsourcing solution and exceeding client requirements. ARDEM Incorporated knows that processing large volume of data and transactions can be done daily providing robust process workflow management delivering excellent quality, exceeding customer expectations in each deliverable.

Visit ARDEM Incorporated online at https://www.ardem.net/

Top 5 Technologies Impacting Utility Bill Processing

Data entry is the most commonly implemented method of utility bill processing. However, traditional data entry methods are incredibly inefficient. While there have been improvements over time, many businesses are still inefficiently entering utility bills by hand. This slow and redundant process has a higher likelihood for errors and a slower cycle time increases the chance of late payments. With the rise in automation technology, businesses have been finding solutions to utilize technologies impacting utility bill processing.

What Are the Challenges of Utility Data Collection?

The need for data has been rising in demand for utility and sustainability providers. Utility data provides important historical and trend data that allows businesses to analyze and forecast usage as well as flag any discrepancies that may arise in a bill. As a result, there is increasing pressure for these companies to build a growing database of utility data that provides greater visibility. The challenge many of these companies are facing comes from the manual nature of collecting bills and entering them into a system. Utility bill management often requires collecting and normalizing data. In order to overcome the challenges of utility data collection, utility solution providers are searching for a more automated solution.

Utility Bill Processing Services

Settle For the Best Utility Bill Processing Services Solution

By combining data capture technology along with data entry methodology we bring the best people and best technology to process all utility bills. We develop a utility bill management solution based on your data requirements to collect, organize, validate, and process utility bill data. 

All utility bills come in different formats based on vendor and each will use its own units of measurement requiring data to be normalized. 

The Most Accurate Utility Bill Processing Services Solution

Double-key and Compare Data Entry with programmatic data validation routines are in place to ensure the highest quality and accuracy of data. 

Implement an Automated Utility Bill Processing Solution

Each utility company presents utility data differently. There are hundreds of different utility companies across the country. When you have hundreds and thousands of bills from different utility companies you need a platform where normalized data from all the different utilities can be collected quickly and accurately.

With an already large library of more than a thousand utility bill configurations, ARDEM makes data capture from utility bills a snap. No time is lost in getting new customer bills configured first before data can be collected from them. Streamline your processes further by integrating your utility bill processing with ARDEM Capture, ARDEM Workstream, and ARDEM Automation to enhance your utility bill processing services solution.

Data Security in Utility Bill Processing Services

We understand our role as a temporary repository for your data and we take this responsibility seriously.  VPNs, SSLs, encryption protocols, Business Associate Agreements, HIPAA compliance, and confidentiality agreements are integral part of protecting your data. Data security is built on ISO27001 foundation.

Utility Bill Management Services by ARDEM Incorporated

Utility Bill Management Services

Utility Bill Data Collection, Verification & Validation, Payment & energy Data Analysis are streamlined to improve cost-efficiency and sustainability.  Here at ARDEM, we transform your current process using a combination of automation and methodology for accurate Utility Bill Analysis and Utility Bill Management Services.

Many companies are facing different challenges of utility data collection - which in turn makes their utility bill processing time-consuming and expensive to manage in-house.

Utility Bill Payment is simplified to take the stress out of meeting due dates and avoiding late fees. Our Utility Bill Data Validation ensures that data is accurate and flags any potential errors to boost visibility and shorten cycle time.

Our large database includes thousands of different vendors for utilities such as water, electric, natural gas, waste, telecom, and sewage.

Check out how ARDEM can streamline your utility bill management through automation!