Accounts Payable / Receipt OCR

Automate Your Receipt Management
with KlearStack Receipt OCR

Transform piles of paper receipts into actionable insights. Our advanced Receipt OCR technology automates data extraction, streamlining expense reporting and financial analysis with unmatched accuracy and efficiency.

What is Receipt OCR?

Receipt OCR is a technology that leverages artificial intelligence (AI) and machine learning (ML) to automate the extraction of data from paper-based and digital receipts. It converts unstructured receipt information into structured, digital data. Data digitization enables businesses to process, analyze, and store receipt data effortlessly. Overall, this technology simplifies expense tracking, enhances accuracy, and saves time by eliminating manual data entry.

Data Extraction and Interpretation

Advanced algorithms and AI technologies then identify and extract key information from receipts, such as transaction dates, amounts, vendor names, and item details, with precision.

Capture and Digitization

Receipts are scanned or digitally uploaded, and the OCR technology converts them into a machine-readable format, preparing the data for extraction.

Validation and Integration

The extracted data is validated for accuracy and then seamlessly integrated into your financial or ERP systems.

Extract Key-Details from Invoices with
Minimal Human Intervention

Receipt Number

Supplier Name

Receipt Date

Shipment Number

Supplier GSTN

PO Number

VAT NUmber

Total

Currency

Origin

Due Date

Simplify Data Capture for
Enhanced Efficiency and Accuracy

Efficient Management of Employee Expenses and Claims

Automate data extraction and processing from employee reimbursement receipts and claims.

Ensuring Regulatory Compliance and Tax Efficiency

Automates the entire process, from receipts data extraction to feeding accurate and error-free data.

Intelligent Payment Management

Process thousands of documents with 99% accuracy in minutes with the help of AI & ML.

Streamline Supply Chain Efficiency

Improve supply chain efficiency and reduce errors caused by manual data entry.

Straight Through Processing

Designed to simplify the process of data extraction, processing, and sharing across multiple platforms.

Seamless Integration

Integrate the KlearStack Invoice OCR with your ERP and financial systems.

Common questions, answered!

What types of receipts can KlearStack's Receipt OCR process?

KlearStack’s Receipt OCR is designed to process a wide variety of receipt formats, including retail purchase receipts, restaurant bills, and service invoices, from both digital and paper sources.

How accurate is the data extraction with KlearStack's Receipt OCR?

Our Receipt OCR leverages advanced AI and machine learning algorithms, ensuring high accuracy in data extraction, typically exceeding 95% accuracy under optimal conditions.

Can KlearStack's Receipt OCR capture data from handwritten receipts?

Yes, our Receipt OCR is capable of recognizing and extracting data from handwritten receipts, although accuracy may vary based on handwriting clarity and style.

How does KlearStack handle receipts in different languages?

KlearStack’s Receipt OCR supports multiple languages, making it suitable for global businesses. Please contact us for specific language support and customization options.

Is it possible to integrate KlearStack's Receipt OCR with existing accounting or ERP systems?

Absolutely. KlearStack’s Receipt OCR is designed for easy integration with various accounting, ERP, and other business management systems via APIs, streamlining data workflows.

How does KlearStack ensure the privacy and security of receipt data?

We prioritize data security by adhering to industry-standard encryption protocols and compliance regulations, ensuring all receipt data processed through our OCR is protected against unauthorized access.

Product / Receipt OCR