What is smart receipt recognition in SAP LOD-TEM - Travel OnDemand?

SAP Term: smart receipt recognition

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: A process which uses optical character recognition OCR on receipt images to extract expense-related data from the image.

Smart SAP Assistant

• Key Concepts: 
  Smart Receipt Recognition is a feature of SAP's LOD-TEM Travel OnDemand solution that allows users to quickly and accurately capture and process receipts. It uses advanced optical character recognition (OCR) technology to automatically extract data from receipts, such as the merchant name, date, and amount. This eliminates the need for manual data entry and reduces the risk of errors. 
  
  How to use it: 
  To use Smart Receipt Recognition, users simply need to upload a photo or scan of their receipt into the LOD-TEM Travel OnDemand system. The system will then automatically extract the relevant data from the receipt and populate the appropriate fields in the system. This makes it easy for users to quickly capture and process their receipts without having to manually enter any data. 
  
  Tips & Tricks: 
  When using Smart Receipt Recognition, it is important to make sure that the photo or scan of the receipt is clear and legible. This will ensure that the system is able to accurately extract the data from the receipt. Additionally, it is important to make sure that all relevant information is included on the receipt, such as merchant name, date, and amount. 
  
  Related Information: 
  Smart Receipt Recognition is just one of many features offered by SAP's LOD-TEM Travel OnDemand solution. Other features include automated expense report creation, real-time expense tracking, and automated approval workflows. All of these features are designed to make it easier for users to manage their travel expenses and ensure compliance with company policies.