Accounts payable staff & operations team spend up to half of their time manually extracting data from invoices. Traditional optical character recognition (OCR) solutions can’t automate invoice extraction because invoices lack a standardised format.
Moreover, extracted data needs to be validated against ERP system or purchase orders to achieve high straight through processing. This becomes a huge bottleneck to reduce cost of operations and turnaround time.
Docsumo has been rolled out as one of the most efficient and customized tools for invoice data capture. Let’s take a look at how Docsumo can be used for extracting structured data from invoices in a matter of seconds.
You can easily add, delete and move any field.
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Build a customized invoice capture and data extraction workflow within minutes. Convert PDFs or scanned invoices to data without needing technical skills or coding.
Our built-in intelligent OCR engine allows you to extract text from scanned invoices as well as text based PDF files.
Advanced image preprocessing (deskewing, noise reduction, contrast correction) gives higher data extraction accuracy.
Extract multipage tabes from PDF bank statements and convert them to excel or JSON data for downstream processing.
Apply filters for dates, numbers and other regular expressions to extract data in desired format.
Docsumo comes with presets for processing invoices and extracting header data (number, date, totals, tax amounts) out of the box and without any training.
Auto-forward emails with attachments to a dedicated Docsumo email address. Docsumo captures text data from emails along with attachments.
Docsumo makes it very simple to send extracted data to any other software with APIs & webhooks out of the box.
It takes less than a minute to import a document, process it, extract all data fields from it and send the data to other apps.
Simply drag and drop documents from your local disk to upload your files in batches. You can also use our API or cloud integrations to automatically import your documents.
Docsumo converts PDF to CSV, Excel, JSON and XML files formats. You can download extracted data for any date range in the format you like.
We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!