Total Cost of Ownership of an OCR Software

What is TCO (total cost of ownership)?

Total Cost of Ownership

The Total Cost of Ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service. It is a management accounting concept that can be used in full cost accounting. (Wikipedia).

TCO is a popular concept when it comes to comparing Software. It allows you to estimate the cost of using the OCR software and plan your automation strategy according to your possible workload and budget over time.

There are several aspects that are too circumstantial to be able to include in general cost estimates, but there are some that we know for a fact, and we can combine them in a total cost of ownership for each OCR scenario and compare them to the possible solutions on the market.

Front-End Cost

The first and most obvious element is front-end cost. This is the price that will be presented with the product, and the marketing team will be pointing towards special offers and discounts to cut it down. It is an important factor, but it is far from everything you would need to take into account. And yet, even here, there are different options. Some of the OCR solutions will offer you the “pay and forget” option of making one payment right here, right now. However, lately, the annual cost or subscription model has become more and more popular, allowing customers to spread costs over time and OCR creators to organize a steady flow of income.

Cost of Support and Maintenance

The second element of the total cost of ownership would be the cost of support and maintenance. Theoretically, it is possible to avoid […]

OCR Guide

What is OCR?

OCR stands for Optical Character Recognition and is the technology that allows software to interpret text on scanned images. When this technology is applied to automating business data entry processes it’s referred to as OCR Data Capture.

Many are familiar with popular desktop OCR applications designed to convert scanned images to editable documents. When this process is applied to specific areas of the document containing data fields it’s called zone OCR. But OCR data capture software is more than just simple zone OCR. Modern applications use some or all of these technologies:

Handprint recognition (ICR or Intelligent Character Recognition) for forms processing.
Advanced rules-based templates for locating common data elements on pages with different layouts and formatting.
Artificial intelligence that is able to use point and click user feedback to train recognition templates automatically.
Natural language processing is able to interpret paragraphs of text and extract meaningful data from them.
Robotic process automation puts back office integration into the hands of power users instead of programmers.
Preconfigured form templates and business rules for common applications like invoice processing and healthcare claim forms.

80%

Using the OCR software enables enterprises to reduce the document processing time by as much as 80%

Benefits of using OCR

If not for the trees then do it for the savings on paper, toner, copiers and their services contracts, etc.

How much time is wasted searching for paper files? Digital documents can searched and viewed instantly from anywhere.

Paper is much harder to backup and restore than digital data.

Office square footage and off-site records storage adds to the cost of keeping paper documents.

Government mandates for records retention […]

Tungsten Automation formerly Kofax OCR

Tungsten Automation formerly Kofax already had a large variety of products for your business automation like Tungsten Capture for high-volume document scanning and data capture, or Tungsten VRS Elite to deal with less then perfect images and to capture even the toughest to recognize documents.

Recently Tungsten Automation formerly Kofax had acquired Nuance’s Document Imaging Division and thus created one of the most powerful family of products for business automation. With products like OmniPage Ultimate or Standard offers you a good versatile OCR packages for small or mid level businesses. There is also an OmniPage Server option for much larger document volumes.

Tungsten OmniPage converts paper, PDF files and forms into documents you can share, edit on your PC, listen to with natural speech, or archive in a document repository. Amazing accuracy, support for virtually any scanner, the best tools to customize your process, and automatic document routing make it the perfect choice to maximize productivity. Improved OCR engines deliver amazing accuracy for document conversion and archiving business critical documents.

Tungsten OmniPage Server is a cost-effective and reliable solution for business process owners to easily deploy a highly scalable, always-available OCR server solution for large volume of documents processing.

Tungsten Power PDF is the smart replacement for Adobe Acrobat for maximum savings without compromise. Power PDF allows you to make changes to PDF files with the fluidity, flexibility and interactivity of real word processing. In addition you can share, edit and discuss document changes using text or voice chat in real-time with multiple people. Plus you can have anywhere, anytime access to your documents using popular Cloud […]

Nikita2024-03-12T15:04:47-04:00Tags: Apple OCR, Compare OCR Software, Convert Images to Searchable PDF, Convert Images to Word, Convert PDF to HTML, Convert PDF to Text, Desktop OCR, MAC OCR, MAC OCR Software, OCR Accuracy, OCR PDF, OCR Tables, OCR to Excel, PDF Converters, Table Extraction|

Handprint Recognition Guide

What is ICR, Handprint Recognition?

ICR stands for Intelligent Character Recognition and is the technology that allows software to interpret hand printed text on scanned images.

Forms Processing Software uses ICR technology to automate data entry tasks involving hand-filled surveys, applications and forms. It provides interfaces for scanning, recognition, data verification and export, as well as management and monitoring tools to track large volumes of documents and data through the workflow.

Forms Processing also includes OCR (Optical Character Recognition) technology to recognize machine printed text, and OMR (Optical Mark Recognition) for check boxes and multiple choice bubbles.

Traditional forms processing relies on constrained handwriting, where boxes on the form force the filler to write with separated, printed block characters. Modern AI technology has dramatically improved the ability to recognized unconstrained handwriting and cursive script. Hand printed notes, free-form comments blocks, non-segmented fields, historic documents, and more can now be converted to text with acceptable accuracy where these were impossible just a few years ago.

Who can benefit from handwritten recognition software?

Any organization that collects data on paper-based forms, surveys or applications on a regular basis can get a very high return on investment by automating the data entry with forms processing software.

You do need to have a significant number of forms to justify the expense, at least a hundred forms per month or more depending on how much data is being captured. If the data entry task can be done in under 25 working hours then it is probably not a good candidate for automation with ICR software.

Organizations that have many separate departments that collect data on forms can share the budget for forms processing software by re-using it for other projects. Your current project […]

SimpleOCR | OCR Software Experts

Learn More Download Now

Document Scanners
& Scanner Parts

Accurate OCR starts with quality images. Efficient OCR starts with fast scanning. Find Document Scanners built for OCR at ScanStore.

Our Team of OCR experts is here to help! SimpleOCR is not just Freeware, we have every kind of OCR solution from PDF Converters to Enterprise Data Capture, OCR Servers and Handprint Recognition for Forms and Surveys. Live chat with an OCR specialist now or Contact Us for a consultation on your OCR project.

SimpleOCR is the popular freeware OCR Software with hundreds of thousands of users worldwide. SimpleOCR is also a royalty-free OCR SDK for developers to use in their custom applications.

SimpleIndex is OCR built for business, offering powerful batch scanning, OCR server, and data capture features with a simple user interface and affordable licensing.

If you like free stuff, freeware versions of our SimpleView Document Viewer (with Tesseract OCR), SimpleCoversheet Bar Code Printer, and SimpleExport CSV to XML Converter are also available.

If you have a scanner and want to avoid retyping your documents, SimpleOCR is the fast, free way to do it. The SimpleOCR freeware is 100% free and not limited in any way. Anyone can use SimpleOCR for free–home users, educational institutions, even corporate users.

If your documents have multi-column layouts, non-standard fonts, tables, poor quality or digital camera images, you will not have much success with applications based on free and open source engines like SimpleOCR and Tesseract. You will need a commercial OCR application to get an accurate read. Our OCR Guide compares desktop and server […]

aaron2024-01-04T22:37:28-05:00Tags: Accounts Payable Automation, Accounts Payable OCR, AI Classification, AI OCR Training, AP Invoice Scanning, Artificial Intelligence, Automate Data Entry, Automated Invoice Processing Software, Automatic Classification, Automatic Document Separation, Barcode OCR, Batch OCR, Batch OCR PDF, Batch OCR Software, Best OCR Software, Best OCR Software for Handwriting, Best Optical Character Recognition Software, Best Software to Create Forms, Check Mark Recognition, Compare OCR Software, Convert Handprint to Text, Convert Images to Searchable PDF, Convert PDF to Excel, Data Capture, Data Extraction, Electronic Data Capture, Excel OCR, Forms Processing, Handprint Recognition, Handwriting Recognition, Healthcare OCR, ICR, Invoice Automation Software, Invoice Capture, Invoice Imaging, Invoice OCR, Invoice Recognition, Invoice Scanning Software, Invoice Workflow Software, Knoxville Robotic Process Automation, Knoxville RPA Consultants, Knoxville UiPath Consultants, MAC OCR Software, Machine Learning, NLP, OCR Engine, OCR Form, OCR Form Software, OCR Invoice Processing, OCR Library, OCR PDF, OCR Scanner, OCR SDK, OCR Solution, OCR to Excel, OMR, Optical Mark Recognition, PDF Converters, PDF Data Extraction, PDF OCR, PDF Text Extraction, PDF to TXT Converter, Read Handwriting, Receipt Scanning, Robotic Process Automation, RPA, Scan Handwriting to Text, Scan Invoice, Scan to Excel, SDK OCR, Simple Invoice Software, Tax Forms OCR|

OCR to Excel

Two Types of OCR to Excel Projects

MAC OCR Software

apple-ocr-for-automated-document-processing-macOS While the majority of OCR software is written for the Windows platform, a few of the major OCR engines have released versions for MacOS systems as well. Mac OCR software are often slightly more limited than their PC counterparts, and may not have the latest version of the OCR engine. However if you need to convert documents to text, Excel or searchable PDF files on your Mac, these are the best software options.

Currently, there are are professional versions of ABBYY FineReader and both pro and corporate versions of ReadIRIS available for MacOS.

When you scan a document that has text or numeric data on it, you are able to read and understand what is written in the scanned image. However, to a computer, the resulting image file is just as meaningless an assortment of pixels as a landscape photo. In order to transform this information into an editable format that you can search through, copy, and modify without retyping it manually, you will need the an Optical Character Recognition (OCR) software.

There is a wide variety of OCR software available. While they all share the ability to convert images of machine printed (not handwritten) text or numbers into an editable format, the various software often have different features, accuracy, prices, and language options.

Creates editable, searchable files and e-books from scans, PDFs and digital photographs. The most accurate OCR available for OSX, its unmatched recognition and conversion eliminates retyping and reformatting. Sophisticated yet remarkably intuitive, FineReader has an easy-to-use interface that makes even the most complex tasks simple.

Kofax Power PDF for Mac makes it easy to gain […]

aaron2023-06-12T16:19:11-04:00Tags: Apple OCR, Best OCR Download, Best OCR Software, Best Optical Character Recognition Software, Compare OCR Software, Convert Images to Searchable PDF, Convert PDF to Editable Word, Convert PDF to Excel, Desktop OCR, Excel OCR, Image Recognition, MAC OCR, MAC OCR Software, Optical Character Recognition, PDF Text Extraction, Scan to Excel|

IRIS OCR

IRIS is a Belgian company that is the developer of one of the world’s top OCR engines. While more popular in European markets, their OCR and data capture solutions offer great performance and features for the price.

IRIS is offering very competitive pricing compared to OCR alternatives. Plus for the month of March SimpleOCR offers a great 50% discount on new version of IRIS ReadIRIS PDF 22!

ReadIRIS will allow you to convert any paper document, image or PDF into editable and searchable digital files (Word, Excel, PDF, HTML, etc.) using Optical Character Recognition (OCR) technology. Simply scan your paper document using the built-in scanning wizard or import image from folders or digital camera. ReadIRIS will instantly convert it to the format of your choice without altering the original layout. Your digital documents will now be easy to edit, archived and shared!

IRISmart File is intelligent software for semi-automatic naming and classification of electronic and paper documents. Ideal for freelancers, microbusinesses and SME, IRISmart will help you carry out long, slow everyday administrative tasks quicker than ever before. Anyone who wants to file a large amount of paper or electronic files and invoices into ordered folders quickly and efficiently will find this intelligent software to be a major ally.

IRIS Powerscan is a full-featured document scanning and data capture application designed for high-volume document processing. Please contact us for a quote or demo of IRIS Powerscan.

IRIS IRISXtract for Documents is THE software system for intelligent, automated document processing, for all types of documents. The product line of the IRISXtract system is designed to handle ALL your data capture needs, from the inbound mail, whether hardcopy paper or electronic, through […]

aaron2023-06-12T16:44:51-04:00Tags: Apple OCR, Compare OCR Software, Convert Images to Searchable PDF, Convert Images to Word, Convert PDF to HTML, Convert PDF to Text, Desktop OCR, MAC OCR, MAC OCR Software, OCR Accuracy, OCR PDF, OCR Tables, OCR to Excel, PDF Converters, Table Extraction|

Compare OCR Software

Brands

When you scan a document that has text or numeric data on it, you are able to read and understand what is written in the scanned image. However, to a computer, the resulting image file is just as meaningless an assortment of pixels as a landscape photo. In order to transform this information into an editable format that you can search through, copy, and modify without retyping it manually, you will need the an Optical Character Recognition (OCR) software.

There is a wide variety of OCR software available. While they all share the ability to convert images of machine printed (not handwritten) text or numbers into an editable format, the various software often have different features, accuracy, prices, and language options.

Each brand of software offers a different combination of pros and cons and often focuses on separate segments of the market, from private users converting a few pages a week to large businesses that convert thousands of pages per day.

A selection of manufacturers are listed and described below:

ABBYY is an international company with 14 offices around the globe and headquarters in US (Milpitas), Western Europe (Munich), Eastern Europe (Kiev) and Russia (Moscow).

Click below to find out more about
ABBYY Software

IRIS

I.R.I.S. Products & Technologies develops technologies and products for Intelligent Document Recognition and markets its portfolio on a worldwide basis through strong partnerships.

Click below to find out more about
IRIS Software

Tungsten Automation formerly Kofax has created one of the most powerful family of products for business automation. With products like OmniPage offers you a good versatile OCR packages for small or mid level businesses. And there is an OmniPage Server option for […]

aaron2024-03-12T15:12:27-04:00Tags: Best OCR Software, Best Optical Character Recognition Software, Compare OCR Software|

OCR SDK

The SimpleOCR SDK is a fast, lightweight OCR engine designed to let developers add basic OCR functions to an application with minimal cost and none of the drawbacks of open source solutions.

The ABBYY FineReader SDK is a fully-featured OCR engine with advanced features like handprint recognition, barcode recognition, ID and business card recognition, and support for 200+ languages including Asian scripts, Arabic and Hebrew. FineReader SDK is available in both Cloud and On-Premise versions.

The ABBYY FlexiCapture SDK gives you advanced, AI-based OCR data capture capabilities like document classification, forms processing, invoice processing, and machine learning for training data extraction templates.

You can shop for all of these in our OCR store, and our expert staff will be here to advise and assist in your OCR development project. Contact us to see how we can help!

Atalasoft provides OCR SDKs that can be integrated into your desktop or web applications for manual or automated batch processing of images. These are an industry proven document transformation engines and add-ons to the DotImage SDK and can save countless hours and significantly improve accuracy. One of the main advantages is that it is mostly royalty free SDK with many different options and engines to choose from. Allowing you to create your own OCR components of your software with just one payment in front. Atalasoft OCR SDK has plenty of plugins to add more features like:

OmniPage OCR & ICR
Tesseract OCR
GlyphReader OCR
BarcodeReader 1D and 2D
Barcode Writer
DotTwain

Google Cloud Vision API offers powerful pre-trained machine learning models through REST and RPC APIs. Assign […]

aaron2022-06-21T12:11:19-04:00Tags: Artificial Intelligence, Best OCR Software, Best Optical Character Recognition Software, Cloud OCR, Compare OCR Software, Machine Learning, NLP, OCR Engine, OCR Library, OCR SDK, OCR Solution, SDK OCR|

OCR Freeware

About SimpleOCR Freeware

Do you dread having to retype that document you are holding in your hand? If only you had the electronic file, your life would be so much easier. With SimpleOCR, you could easily and accurately convert that paper document into editable electronic text for use in any application including Word and WordPerfect.

Not only is SimpleOCR up to 99% accurate, it is 100% free.

Download SimpleOCR now or learn more its feature and functions.

Accuracy

With optical character recognition up to 99% accurate, there is no better OCR application for the price. This increased accuracy greatly reduces the need for post-recognition proof reading and correction. And after all, isn’t that why you want to OCR the document in the first place? Of course it is!

System Requirements

SimpleOCR works on any version of windows, from Windows 95-10 and beyond! Your scanner need only a TWAIN driver, the driver that comes with a majority of all scanners sold. In short, SimpleOCR will most likely work with the PC and scanner you already have.

Pricing

SimpleOCR is free for all commercial and non-commercial purposes. It may be re-distributed freely, but only in its original, unaltered form.

Download SimpleOCR Now

Huge Dictionary – With more than 120,000 words, it is unlikely that SimpleOCR will run into a word it does not know. In the rare event that it does, our improved text editor allows you to easily add the new word to the dictionary. By adding new words to the dictionary, SimpleOCR becomes better with every use.
Attention! SimpleOCR does NOT have any handprint OCR capabilities, it will not be able to recognize handwritten text. ICR (Intelligent Character Recognition) is rather complicated software usually on a more expensive side.
Despeckle – For those documents which are not […]

Compare OCR Software

What is TCO (total cost of ownership)?

Total Cost of Ownership

Front-End Cost

Cost of Support and Maintenance

What is OCR?

Benefits of using OCR

If not for the trees then do it for the savings on paper, toner, copiers and their services contracts, etc.

How much time is wasted searching for paper files? Digital documents can searched and viewed instantly from anywhere.

Paper is much harder to backup and restore than digital data.

Office square footage and off-site records storage adds to the cost of keeping paper documents.

Government mandates for records retention […]

What is ICR, Handprint Recognition?

Who can benefit from handwritten recognition software?

Document Scanners & Scanner Parts

Two Types of OCR to Excel Projects

There is a wide variety of OCR software available. While they all share the ability to convert images of machine printed (not handwritten) text or numbers into an editable format, the various software often have different features, accuracy, prices, and language options.

Each brand of software offers a different combination of pros and cons and often focuses on separate segments of the market, from private users converting a few pages a week to large businesses that convert thousands of pages per day.

A selection of manufacturers are listed and described below:

About SimpleOCR Freeware

Not only is SimpleOCR up to 99% accurate, it is 100% free.

Download SimpleOCR now or learn more its feature and functions.

Accuracy

System Requirements

SimpleOCR works on any version of windows, from Windows 95-10 and beyond! Your scanner need only a TWAIN driver, the driver that comes with a majority of all scanners sold. In short, SimpleOCR will most likely work with the PC and scanner you already have.

Pricing

SimpleOCR is free for all commercial and non-commercial purposes. It may be re-distributed freely, but only in its original, unaltered form.

Attention! SimpleOCR does NOT have any handprint OCR capabilities, it will not be able to recognize handwritten text. ICR (Intelligent Character Recognition) is rather complicated software usually on a more expensive side.

Despeckle – For those documents which are not […]

Title

Document Scanners
& Scanner Parts