Freight Invoice Processing - EDI, OCR and Electronic Data Acquisition

Processing Freight Invoices can be labor-intensive. Many companies look to use technology to reduce the burden, but which is the best option for you?

This review looks at three methods of e-invoicing: OCR, EDI and Electronic Data Acquisition, and summarizes their performance based on:

• Speed to set up
• Required infrastructure changes
• Cost to buyer
• Cost to supplier
• Data accuracy
• On-boarding rates