Look at the accounting trends for 2021 and you’ll see optimism after a challenging 2020. This past year saw many businesses focus on consolidation and client retention. Like virtually every other sector, accountancy bore the brunt of the global pandemic. Business strategies went out the window. Revenue and profit aspirations were adjusted. Commercial operations evolved.
At the start of 2021, global lockdowns are still in full force. Adapting to a pre – and eventually post – vaccine environment will be top of the agenda for many businesses. Navigating the ongoing economic impact of COVID-19 is something that no businesses are immune from.
Accountancy services are likely to evolve. Now, truth be told, they already were before this past year and, if anything, the pandemic has merely accelerated sector towards a more digitally focused, remote working ethos. However, there are some services that simply won’t translate well to this new and emerging ethos.
Advisory services – one such area that’s touted as being a key growth driver in 2021 – for instance, faces digital disruption stumbling blocks. Sure, video conferencing platforms are something of a substitute for face-to-face meetings but ask any business owner and they’re likely to tell you that they prefer one-on-one face-to-face time with an accountant.
What does this all mean? There’s tremendous scope for some more traditional areas of accounting, like expenses and fiscal management to evolve into purely digital services.
With that being said, if you’re considering how best to manage your financial accounts in 2021, you need to invest in a big business receipt scanner – and Tabscanner stands head and shoulders above the competition.
Interested in learning more about the receipt OCR API Tabscanner uses and how it can streamline commercial operations in 2021? We’ve got the lowdown for you.
Table of Contents
What Can You Do with Paper Receipts in a Lockdown?
As efficient as receipts have always been as a proof-of-payment, they have always had fundamental problems that are hard to look beyond. For one, they can be easily lost or accidentally discarded. They fade easily when exposed to sunlight or UV light and are not good for environmental sustainability – by some estimates three million trees are cut down every year just to make receipts!
Then there’s the obvious problem that in lockdown, a time when most people are working from home, it’s difficult to get your receipts to account departments to be reimbursed.
The answer? Your business needs to have a digital solution – and this is exactly what a business like Tabscanner provides businesses.
Why Is Tabscanner the Best Option for Receipt OCR?
From our research, we’ve found a wealth of different receipt scanners, each promising that they’ll help your business to manage its expenses, streamline operations and save you money.
There’s Verify, BlinkReceipt, Expensify, ReceiptBank and many, many others. However, none can match the performance levels or versatility that Tabscanner does.
Interested in learning why we consider Tabscanner to be the best receipt scanner OCR on the market today? Check out the technology’s attributes below.
The World’s Most Accurate Receipt OCR API
Let’s start with the obvious one. Tabscanner is the world’s most accurate OCR API, achieving 98% accuracy on core data. The software recognizes establishments, dates, and totals better than any other OCR API on the market.
Given that accuracy is the name of the game, to manage your expenses, you need to invest in an OCR that you can trust. Tabscanner extracts data line by line – from any POS receipt in any language or character set in the world.
Partnerships with Blue Chip Brands
If you want to get a feel for how lauded a business’ services are, just look at their partnerships. These immediately tell you which brands are prepared to stake their reputation on their affiliations.
Tabscanner has partnered with several global businesses across different sectors. These include Chevron, Fujitsu, and several renowned and award-winning payroll services and software providers, including ADP UK and ATB Financial.
Do you think for one moment that such esteemed and trusted businesses would work with Tabscanner if they weren’t 100% certain that the receipt scanner API is the best in the business? Absolutely not.
Global Business
If there’s one single factor that defines commercial success above all others its expansion. No business, no matter their intentions or ambitions, can achieve a global presence without having a product or service that users want, need, admire – and buy into. This is exactly what Tabscanner has.
In a relatively short space of time, Tabscanner has opened offices in America, Europe, the Middle East, and the Asia Pacific region. This shows the truly global reach of the business and how it is trusted across the whole world.
It is this global footprint that elevates Tabscanner above competing big business receipt scanner providers. Some may be regionally or nationally renowned, but to be able to reach such a wide geographical demographic, you’ve got to be doing something right!
Replacing Google Vision
I think we can all agree that Google is one of the most recognized businesses in the world. Very, very few businesses, regardless of their products or services, can stake their claim as being better than Google. Tabscanner can.
Amongst the wealth of products Google offers is Google Vision which allows developers to easily integrate vision and OCR detection within applications. An expansive UK-based retail business had been using Google Vision to extract receipt data from UK stores using a template system and were unhappy with the accuracy and speed of the results.
In stepped Tabscanner. The receipt scanner OCR software was immediately able to significantly improve performance, delivering swifter, more accurate results. The UK-based retail business then severed their relationship with Google in favour of Tabscanner.
Receipt Scanner API: Why Tabscanner Is the Best Choice
Tabscanner is the world’s most accurate receipt OCR API. It’s that simple. Having developed partnerships with some of the most recognizable brands in the world, evolved into a global business, capable of extracting receipt data from any language or character set in the world, even better the performance of Google’s own OCR it’s clear that Tabscanner is the best choice for anyone considering which receipt scanner API is right for their business.
The bottom line is if you want to keep a tight rein on your commercial expenses in lockdown, streamline operations, and save the money that you would have spent on accountancy services, there is only one name that you need to consider: Tabscanner.
