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Digitization of cheques and invoices
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Digitization of cheques and invoices is a process of converting paper-based documents into electronic formats, such as PDF, XML, or EDI. It involves scanning, capturing, and processing the data and information contained in the documents, such as date, amount, payee, payer, signature, or invoice number. Digitization of cheques and invoices can help enhance the efficiency and convenience of transactions and enable faster and easier payments and reconciliations.

Benefits
  • Effective Decision-making
Implementations
  • Banking sector – To provide IT advantage to their employees