Background

Our client is a reputed company in the media industry, and their team travels regularly throughout the year given the scope of their operation. Their finance team must allocate substantial hours to manually collecting receipts and recording data.

Omega Strategy

Omega consulted the client to implement OCR (Optical Character Recognition), NLP (Natural Language Processing), and RPA (Robotic Process Automation) to design a smart rebate system. The characters on physical documents will be deciphered using OCR and translated to digital formats. This feature is instrumental for businesses that routinely receive paper-based bills and seek to switch them to computerized records to prevent long hours of hand-operated data input.

Accounting professionals could scan a physical invoice into an OCR computer code interface and then entrust the technology to detect the characters on the page. The Omega team offered the client a solution that uses OCR from PDF, document mining, and natural language processing (NLP) to deliver advanced insights and intelligence for commercial agreement contracts between two parties.

Our team provided them with a detailed list of tools required for the execution of this program. We recommended the Python pyocr, the Google OCR library in Java/PySpark as libraries, Pycharm for the IDE, and the Google OCR Library as open source tools. JIRA was included in the list as an Agile tool for the development life cycle.

Digital Impact

The client would be able to set up and deploy all the product’s infrastructure and accessory components using Omega’s tailored strategy for each part of the program. Our consulting team ensured the smooth integration of technologies like Python 3.6, Python Pyocr in Java/PySpark.

Omega successfully relieved the stressful data entry and monitoring operations of the accounting professionals. This management system facilitated computerizing and optimizing the entire reimbursement process for the company. Their finance department is now capable of creating and easily tracking new key performance indicators (KPIs). Overall, their productivity and efficiency were enhanced, and time was saved.

Contact Us

Need additional information or want to speak to one of our consultants, please use the booking link or contact our Info Team for a proposal.