How and why to use OCR technology in bill of lading processing

Documents such as shipping documents (bills of lading) used in the logistics sector must be processed with high accuracy so that the work process runs in the best possible way. For this purpose, it is good to use software tools such as Smart-Soft bill of lading OCR which are designed to automate a large part of the operations related to document processing.

Since the documents have legal value and are documents describing the commercial relationship between the sender, carrier and recipient, the processing of information in this regard should be subject to increased attention in order to avoid errors. Nowadays, when modern technologies are at a much higher level, similar results are quite real, it is enough to consider the need for technologies for rationalizing work processes.

Definition of OCR for bills of lading

When it comes to Smart-Soft bill of lading OCR and the capabilities of this software, dozens of advantages can be highlighted in favor of this product. However, before that, let’s get acquainted with its working principle and talk about what it actually is. Fact on the topic:

  • optimization and streamlining of work processes – considering the complexity of documents such as bills of lading, it is important to say that processing them with high accuracy is not always a particularly easy task. These types of documents are difficult to analyze and process when done entirely manually, which is a prerequisite for errors. With the help of software for automated document work, this risk becomes minimal, and the results are much better in terms of work time and accuracy;
  • easy processing of files of different types – in order the information in the BOL to be presented correctly, it must be analyzed down to the last detail, even if it is received in the format of a handwritten document. Optical character recognition technology is a tool with which even scanned documents can be transformed into PDF/electronically readable versions, making data extraction more reliable and effective as a process;
  • a revolutionary solution for better business results – the logistics niche is busy and dynamically developing. In order for business to function well in this sector, it is important to find and implement working solutions which help optimize costs, reduce manual labor and increase accuracy many times over. If in the past such a solution was difficult to find, today it is just a click away from us – Smart-Soft bill of lading OCR. With such technologies, costs are optimized and valuable resources are freed up to be invested in other areas.

Automatic document processing is not an extra, but a mandatory condition for professional success in every respect – less expenses, more clients, a better reputation and fewer mistakes when working with bills of lading. The conclusion is that with similar software development, the business can develop even more, since weak links such as time loss and large labor costs are eliminated.

What are the advantages of this type of software solution?

When talking about OCR for bills of lading, dozens of advantages can be highlighted in favor of the software. First of all, the technology is easy to integrate with other systems used by the company which enables employees to use it seamlessly afterwards. Another very important thing is that the software is self-learning making it easy to upgrade and continuously improve. This is possible thanks to artificial intelligence and the feedback that users send.

Other advantages/opportunities of OCR are the automatic extraction of data from scanned documents that have a challenging structure. However, this is not a difficulty for the technology because it can also understand formats with unclear layouts such as forms. When used to process bills of lading, the same applies in full force.

Have in mind that bills of lading is a type of documents with legal value as long as the document describes commercial relations between two or more parties. That’s exactly why it’s important that they are correctly analyzed and processed – if there are any errors during the steps, this can lead to financial losses as well as other consequences. Thanks to OCR it is possible to achieve excellent results in terms of accurate and fast processing of logistics documents without the cost of a lot of money and time as with manual processes.

Why choose Smart Soft’s software for automatic document processing and what solutions does the company offer?

Smart Soft is a company that offers businesses an innovative solution with an intelligent working principle that significantly simplifies the process of processing documents such as bills of lading. Among the products is the OCR in logistics, OCR in healthcare and in many other areas of development. In addition, there are also solutions for processing PDF documents, invoice processing and automatic archiving and scanning of documents. All these tools are very useful for modern businesses that want to grow and conquer new business peaks, to be even more competitive.