OCR could be the best three-letter acronym in legal tech today due to the powerful technology behind those seemingly inconspicuous letters. OCR stands for Optical Character Recognition, a type of software solution used to unlock unreadable content, such as images or scanned materials, stored in a cloud document management platform like NetDocuments.
Suppose you wanted to access the text in a contract, article, or letter for re-use. You could spend hours retyping and correcting misprints, or you could convert the source file into editable text in several minutes using the NetDocuments OCR module.
Built-in conjunction with our partners in document processing, DocsCorp and ABYYY, the NetDocuments OCR processes content in three steps:
After receiving images, the NetDocuments ABBYY engine performs two image processing functions to improve the quality of document images. These unique pre-processing functions increase the quality of images before the OCR function takes place.
As of May 2019, 25,000 users have used the NetDocuments OCR to unlock hidden content. So far, 30% of all customer documents — including PDFs, emails, and images — have been digitized using the NetDocuments OCR. In fact, our customer studies have shown that customers are saving time, improving client satisfaction, and even reducing firm risk.
Looking for a great perspective on the importance of return-on-investment in our legal tech? Check out Dear Legal Tech, We Need to Talk about Money ROI is by Richard Tromans in Artificial Lawyer. Or, if you’re ready to start getting true ROI from your legal technology today, request a demo of the NetDocuments platform and OCR technology today.
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