There is nothing that can instill a sense of impending doom in the same way as a shoebox full of receipts. As more and more receipts continue to pile up, you start dreading the inevitable day that you will have to waste for tediously checking the receipts and entering them into a proper file or document. Luckily, there is an easy, quick and elegant solution; a receipt scanner. At some point, you have probably used a document scanner, which saves the image of a document on a hard drive.

A receipt scanner doesn’t save the receipt’s image; instead, it uses OCR (Optical Character Recognition) software for processing the image. This means it actually reads the data that’s mentioned on the receipt and can recognize numbers and letters. Automatic receipt scanning apps have become popular because they can offer some prominent benefits. Read on to know what they are:

Save lots of time

First and foremost, the most obvious benefit of a receipt OCR scanning app is the potential to save your valuable time. Entering the information into an excel sheet yourself can take hours, especially when you have a box of receipts to deal with. With a receipt scanning app, you just need to take a picture and the OCR software deals with the rest.

Save space and eliminate clutter

A major advantage of storing your receipts digitally is that it reduces the need for paper storage. Your workspace can be less cluttered and cleaner, which greatly improves your work environment. Plus, you will have less need for storage units and filing cabinets.

Better security

Generally speaking, keeping your essential and important documents on a digital cloud is a lot safer than keeping them in hard copy. Most cloud servers have strict security measures, which involve complex security protocols and encryption methods, and there are also reliable data backup systems. Furthermore, it also provides you with increased privacy and no one can look at your receipts until you authorize them.

Never lose receipts

Unless you have implemented a meticulous filing system, chances are that you have lost some receipts before. When you are using a receipt scanning app, your information is stored digitally, which significantly reduces the chances of data loss.

Apart from these benefits, a receipt scanning app can also offer you greater accuracy because you take a picture directly instead of entering the information thereby eliminating the possibility of human error.

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