Ocrex

OCREX was formed in 2009 and specialises in the development of OCR software solutions. OCREX has developed AutoRec which automates the process of performing bank reconciliations from paper bank statements. Primarily this product is geared toward the accountancy practice market but draws interest from independent bookkeepers and accounts departments within companies alike. OCREX delivers tailor made solutions for highly accurate data extraction from scanned images of paper documents. Our reconciliation accounting solutions remove data entry dependencies while providing significant efficiencies in terms of time, costs and accuracy. On average, our existing customers use our product every second business day with some using it several times per day. Providing up to a 90% time saving to users on this frequently performed, labour-intensive and error-prone task, AutoRec provides immediate and substantial cost savings to accountancy firms and companies.