Infrrd is a trusted partner. Together we have delivered exciting solutions for our customers that involve image processing and understanding unstructured data in many languages. Their technology continues to create differentiation between us and our competitors.
-Alan Rich, former CEO, Chrome River
Most OCR and IDP vendors can extract data from simple tables with a clearly defined line of items, but in reality, the invoices you receive are much more complex. Infrrd’s intelligent table extraction ensures accurate detection and extraction of data from complex tables within an invoice.
When automating invoice processing, you need the capability to extract data from more than just invoices. Extracting data from supporting documents like purchase orders, receipts and delivery orders is just as critical. Infrrd for Invoice has pre-trained models that enable seamless extraction from invoices and other AP-related documents.
Our proprietary data matching technology enables you to configure your own business rules for the data extracted from invoices. This means that once the data is available, you can set up rules to intelligently automate repetitive processes ensuring hassle-free payments.
Infrrd for Invoice is a packaged solution built on Infrrd’s powerful IDP platform. The solution is designed to accurately automate and optimize the processing of invoices that have high levels of variation.
Use Case |
Global marketing firm processes invoices from vendors |
Customer comments |
“Infrrd helped us digitize and automate invoice processing which greatly improved our SLAs. The solution automation performance also allowed us to end our agreement with a BPO who was manually processing the invoices.” |
Results |
~50% reduction in processing costs. 60% reduction in manual workload on day one. High accuracy at field and line item level improving to > 90%. |
Invoice characteristics |
Invoices from 1,000s of vendors, variations in format, vendor names, multiple services. Need to extract 24 fields and create two derived fields. |
Solution highlights |
Handles invoice variations with high accuracy. Scalable and extensible. Easy to configure and manage. Automated compliance checks. |
Infrrd for Invoice is a packaged solution built on Infrrd’s powerful IDP platform. It can readily extract data from over 30 common invoice fields without any training required. Additionally, it can be easily configured to extract data from new fields.
In a fast-paced world filled with never-ending rivers of documents and data, organizations continuously need smarter ways to work. Teams need flexible solutions that enable them to work faster while delivering higher levels of reliable accuracy than ever before. At Infrrd, we empower teams with
Intelligent Document Processing Solutions for Intelligent Work™.