Invoice Optical Character Recognition (OCR) technology is engineered to transform various unstructured invoice formats, like PDFs and images, into organized, structured data. Its main goal is to automate the scanning of invoices, thereby dramatically lowering the need for manual data entry. Through the adoption of Invoice OCR, companies can refine their invoicing processes, boost operational efficiency, and significantly decrease the likelihood of errors in data management.
Submit PDFs or images through email, API, desktop applications, Google Drive, Dropbox, Robotic Process Automation (RPA), or other cloud storage services.
Efficiently gather the information you require. Our user-friendly interface allows for a thorough review to ensure utmost accuracy.
Quickly process scans using OpenAI's sophisticated OCR technology for precise data retrieval.
Seamlessly integrate with your current systems and applications for a smooth and effective migration to our platform.
Effortlessly link and sync with well-known cloud storage services.
Securely protect your data using our enhanced security storage solutions.
The Invoice Parser is capable of extracting information from a wide array of invoices, including credit/debit notes, proforma bills, and commercial invoices, among others. Beyond just invoices, it also has the ability to process a variety of financial documents like receipts, price labels, purchase orders, and bank cards, to name a few. Reach out to us to discover more about what our Invoice Parser can do.
Yes, our OCR model is equipped to handle line items and tables. The Invoice Parser is proficient at recognizing the tabular layout within a document and extracting the complete table, while also attributing specific labels to each column based on your requirements. Should a column not correspond to any label of interest, it will not be assigned a label.
Our clients leverage the Invoice Parser to automate their accounts payable workflows, minimize errors from manual data entry, enhance the efficiency of invoice processing and approval, and bolster cash flow management. Furthermore, the Invoice Parser serves as a valuable tool for auditing and compliance objectives, alongside offering deeper understanding into supplier interactions and purchasing patterns.