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Information extraction from invoices

Use Case

Information extraction from invoices

Companies receive dozens of invoices every day. Handling invoices and ensuring payment deadlines are met is a central task at every accounting division.

1

Process

The basic information of all invoices need to be transferred to the internal accounting system, like supplier name and ID, amount, value added tax and payment deadline.

2

Algorithm

With OCR, the image is transformed into a Machine-readable format. Algorithms extracts and structures the defined information.

3

Decision

The extracted information is transmitted to the internal accounting system via an API or integrated into a Docker container at the clients server infrastructure.

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Companies working with thousands of customers and suppliers need to categorize their documents so that requests can be handled in time.

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