No, LUCA+ uses a Direct transfer method to synchronise invoices between a supplier's and customer's accounting software.
This is error-free and better than OCR.
What is OCR?
Many digitalised processing methods rely on the use of Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR). These technologies are used to interpret and categorise information from a received invoice. When used in an accounting setting, this information is filled into the receiving company’s accounting platform, then confirmed by a user. While it beats processing an invoice manually, invoices have a large degree of format variability, meaning that OCR cannot read a field’s information, but rather must determine it. This is an issue we’re more familiar with in search engines and auto-fills, but instead of having to check mundane information, a mistake here can mean a wrong payment. As a result, any accounts department must check invoices for errors when using OCR. This means little effort is saved, and an organisation still must deal with the bulk of maintenance and processing costs.
What is Direct Transfer?
Direct transfer refers to the transfer of information that is already categorised, being read from fields and moved across as opposed to being computer recognised. LUCA+ uses direct transfer as part of e-invoicing.
By doing so, e-invoicing removes human and machine error, time to process and the requirement that information is verified.