Canon's IRIS puts an electronic eye on invoices

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http://www.itwire.com – Canon claims its new IRIS invoice processing system can save up to three days per month by automating manual tasks such as data entry from paper invoices. {loadposition stephen08}Canon  's IRIS scans and extracts data from paper documents such as invoices. Since over 70% of companies still receive 50% of their invoices in paper form, there's room for process improvements. "Accounting is a very manual process that deals with high volumes of paper and a number of individuals, making it extremely complex and time-consuming," said Luke Maddison, Canon Australia's group manager for business m (IT news)