What is an invoice scanning software?

An invoice scanning software is a computer program designed to automate the process of capturing and digitizing data from invoices. The software uses optical character recognition (OCR) technology to scan paper or digital invoices, extract relevant data such as vendor name, invoice number, date, and amount, and input it into a digital database or accounting software. This eliminates the need for manual data entry, reduces errors, and speeds up the invoice processing cycle.