Invoice Data Extraction For AR Financing Company
A global AR financing company used our platform to scan incoming invoices from its customers. Our platform extracted several key fields like the date, place, vendor, currency, taxes and the overall amount of the transaction from the invoice.
Our machine learning algorithms fill in the gaps left by traditional OCR engines to provide extremely high accuracy.
Logo detection and Language detection
Our deep learning based logo detection algorithm identified merchant names across the globe even if the invoice just contained their logos or trademark. We platform extracts language from the receipts prior to actual OCR in order to extract relevant information in a efficient manner.
Customized Line Item Extraction
We customized the platform to extract line item details from invoices specific to AR Financing. This enabled the customer to automatically validate invoice amount calculations as well tax calculations.
Machine Learning for Error Correction
Having successfully processed millions of transactions through our OCR engine, our platform has learnt quite a few patterns in invoices which traditional OCR engines miss. This let us deliver higher accuracy than most other OCR engines.