Ocrex

Sage has acquired AutoEntry, a leading provider of data entry automation for accountants, bookkeepers and businesses. Deal details were not disclosed.

The UK accounting software giant said that AutoEntry’s ecosystem will remain open and independent.

Launched in 2016, AutoEntry’s intelligent technology automates data entry by accurately capturing, analysing and posting all receipts, purchase and sales invoices, expenses and statements into a user’s accounting software.

The technology utilises Artificial Intelligence (AI) and Optical Character Recognition (OCR) to ensure that the relevant line item data is accurate and gets posted to the correct accounting ledger fields removing mistakes often associated with manual data entry.

‍