Invoice OCR + GDPR: Where Invoices Shouldn't Live
Invoice OCR streamlines processing, but can jeopardize GDPR compliance. Discover where your invoices shouldn't be stored and how FusionLot can help you.
Automating invoice processing with OCR (Optical Character Recognition) offers significant time and cost savings. However, invoices contain sensitive personal data protected by GDPR (General Data Protection Regulation). Improper storage and handling can lead to serious breaches and hefty fines.
Dangers of Improper Invoice Storage
Storing invoices in unsecured locations, such as personal computers, public clouds without proper encryption, or email inboxes, increases the risk of unauthorized access to personal data. This can lead to GDPR violations and expose your business to significant penalties.
- Personal Computers: Unprotected and vulnerable to data loss or theft.
- Public Clouds: Without proper encryption, data is exposed to external threats.
- Email Inboxes: Unsecured, easy access for unauthorized individuals.
- Printed Invoices: Physical documents are susceptible to loss, damage, or theft.
Where to Store Invoices in Compliance with GDPR
Storing invoices securely in compliance with GDPR requires using secure and encrypted storage systems that provide access control and activity tracking. These systems should be designed to ensure data integrity, confidentiality, and availability.
FusionLot provides GDPR-compliant invoice processing automation solutions. Our systems ensure secure storage, encryption, and access control for your data. Contact us to learn how we can help you process invoices securely and efficiently.
By choosing FusionLot, you ensure your data is secure and your business meets all GDPR requirements. Focus on growing your business while we take care of your security and compliance.