What is a Bill of Lading OCR data extractor?
A Bill of Lading (BOL) optical character recognition (OCR) data extractor is a tool that accurately captures, scans and digitses data from physical or digital BOL documents. The process involves OCR technology, which works by scanning or photographing the BOL and reading the text and numerical information on it, converting this into a digital format. Affinda's AI-powered BOL OCR then formats the extracted data in a structured manner for use by various businesses such as shipping companies, freight forwarders, logistics providers and customs departments.
The advantages of implementing a Bill of Lading OCR data extractor are manifold. It ensures instant data capture thus accelerating processing times and enhancing efficiency. Furthermore, it drastically reduces the chances of inaccuracies in data entries, ensuring a higher degree of precision and minimising potential issues in the future. Additionally, it completely automates the time-consuming process of manual Bill of Lading data extraction, freeing up resources and time. The BOL OCR data extractor smoothly integrates with numerous workflows, proving to be a versatile tool across diverse industries. Therefore, it considerably improves data quality, bolsters efficiency, saves both time and money, and ultimately validates the digital transformation of business processes.