Yes. It uses tesseract for OCR and gathers the OCR text and puts it in a database, and you can then search. So if you enter something you know is on the water

Yes. It uses tesseract for OCR and gathers the OCR text and puts it in a database, and you can then search. So if you enter something you know is on the water bill then it'll come up in the search, such as the name of the water company. I've never used Evernote so I'm not sure it's better but I had no problem finding stuff so far. Also you can tag documents and search by tag so you have that too. Paperless kicks ass.