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Payable Invoice Reader

Thoughtful provides property managers with a powerful solution for automating the reading of vendor invoices using Optical Character Recognition (OCR). With Thoughtful's OCR technology, invoices can be automatically scanned and their data extracted, reducing the need for manual data entry and minimizing the risk of errors. This saves property managers valuable time and effort, allowing them to focus on more critical tasks. Additionally, Thoughtful's OCR technology is highly accurate, ensuring that invoice data is captured accurately and reducing the risk of incorrect payments or vendor disputes. The platform also provides real-time tracking and reporting capabilities, so property managers can see the status of each invoice and follow up as needed. All vendor invoices are stored securely in the Thoughtful platform, ensuring that sensitive information is protected and accessible only to authorized personnel. Overall, using Thoughtful to automate the reading of vendor invoices using OCR is an intelligent solution that saves time, reduces risk, and improves the accuracy of the invoice process for property managers.

Function:

Property Management

Steps

  1. Get Vendor Invoice image or PDF from predefined source.
  2. Convert image to text using OCR.
  3. Return identified data in required format.

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