How to Use AI for Invoice Data Extraction and Processing?
[vc_row pix_particles_check=””][vc_column][vc_column_text] In the world of business, invoices are an essential part of daily operations. They represent a request for payment and provide a detailed breakdown of goods or services provided. Manual invoice data extraction is a redundant and slow process that involves collecting the invoices from the suppliers and feeding the details in the ERP […]
Intelligent Data Extraction: Unlocking Insights From Unstructured Data
[vc_row pix_particles_check=””][vc_column][vc_column_text] There are industries that generate thousands of documents every day which have important information to be captured and can be used for analysis and other purposes. With the advent of Optical Character Recognition(OCR) software in the 1990s, it became quite easy to extract and store information from multiple files and sources that reduced the […]
AI Data Extraction v/s Traditional template based data extraction
[vc_row pix_particles_check=””][vc_column][vc_column_text] Most of the mid to large enterprises globally have an average of 500+ suppliers who periodically send invoices every month for providing goods and services to these businesses. For reconciliation and payment management, these enterprises have to read these invoices manually, extract information (like invoice date, invoice number, due date, amount, tax amount, […]
