AI-enhanced OCR for financial document processing: Advancing recognition accuracy in modern enterprise finance

Charabuddi, Ranadheer Reddy (2025) AI-enhanced OCR for financial document processing: Advancing recognition accuracy in modern enterprise finance. World Journal of Advanced Research and Reviews, 26 (2). pp. 1576-1584. ISSN 2581-9615

This article explores the transformative impact of Artificial Intelligence on Optical Character Recognition technologies within financial automation frameworks. Traditional OCR systems have long encountered limitations when processing diverse document formats, handwritten content, and low-quality scans, creating significant barriers to automation efficiency. The integration of deep learning algorithms and natural language processing capabilities has revolutionized these systems, enabling dynamic learning, contextual understanding, and significantly improved accuracy in extracting critical financial data. The resulting systems demonstrate remarkable adaptability across varying document types, substantially reducing manual intervention requirements while enhancing operational efficiency, cost management, and regulatory compliance. Although human oversight remains essential for complex decision-making scenarios, the synergy between AI and OCR technologies represents a pivotal advancement in financial document processing, offering organizations substantial competitive advantages through improved data integrity and streamlined workflows.