What is OCR?
OCR is the technology that enables banks to automatically read the KID number, amount, and account number on a bank giro. With an OCR agreement from the bank, you can use KID on your invoices, and read in files from the bank with information about payments to your company.
This is how you activate OCR (KID number on invoices):
- Contact your bank to create a bank agreement.
- Ask to include payments, also known as OCR agreement.
- Activate OCR in your account by going to Company > My subscription in the main menu.
We support two types of OCR agreements. Read more about these two and how you activate them below!
Read more about OCR from Autopay here
Read more about OCR from MPS here