Go Digital for Smarter E-Docs and for a better commerce

Google uses solar-powered balloons to deliver internet access to remote regions of the world. Facebook envisions a fleet of solar-powered drones as well as low-earth orbit and geosynchronous satellites delivering internet access to different regions of the world . Microsoft is building data centers at the bottom of the ocean. Moon express is attempting to build machine-operated spacecraft to extract minerals from other planets. SpaceX creates the technologies to reduce space transportation costs and enable the colonization of Mars.

The world is getting digitalised and lots of Internet of things are happening around. The communication networks are getting smarter day by day. But what correlation does this have with the world’s largest trading partner community ?Every two minutes, a business joins the SAP Ariba Network with whom you could connect and collaborate through a single platform in the cloud to lower costs or risks, boost revenue, or manage cash and working capital.

Yes it’s a matter of network effect which transacts with so many buyers and sellers on the Network, and you have more competitive business commerce opportunities here than anyplace else .They exchange millons of documents of invoices, purchase orders, goods receipt across multi-industry background. Who knows , some days SAP Ariba network in the planet earth will communicate with similar network in some other planet.

Organizations are looking to move away from traditional paper invoices ,improving business commerce. Electronic networks eliminate papers while some have tried scanning the work flow and others have tried optical character recognition (OCR) Systems. For top performers,these smart electronic networks broaden the scope to improve invoice processing efficiency, ensure compliance with contracts and preferred suppliers, helping their clients to go paper free ,eco-friendly and manage cash better.

And in this blog, we shall discuss more about this OCR solution and how it can help us to adhere to smart e-commerce solutions. But what made me to research more on this solution was the series of discussions that I encountered in design thinking process of SAP start-ups based in Chennai a year back and a recent one with couple of my friends in the US.