Document Processing AI 

in Finance Services

Supercharge your ERP with AI-driven document automation. From invoice processing to bank reconciliation, streamline financial operations, reduce errors, and enhance decision-making with real-time data extraction.

Finance Automation with Document Processing AI

Invoice Processing & Accounts Payable Automation

Extract and validate invoice data automatically. Integrate with ERPs to classify, approve, and process invoices, reducing payment cycle times and improving compliance.

Expense & Receipt Management

Capture and categorize expenses effortlessly with OCR and AI. Sync with your ERP for real-time financial insights and seamless expense approvals.

Bank Reconciliation Automation

Invofox matches bank transactions with ledger entries, ensuring accuracy and reducing the time spent on reconciliations. Process thousands of transactions with AI-driven efficiency.

Financial Statement Processing

Transform financial documents into structured data for faster decision-making. Invofox integrates with your ERP to process balance sheets, income statements, and tax reports.

Audit & Compliance Automation

Minimize compliance risks by automating document validation and audit preparation. Invofox extracts key data for effortless financial reporting and regulatory adherence.

Tax Document Processing & Compliance

Extract and structure data from tax forms, filings, and financial statements. Ensure accuracy in VAT, GST, and corporate tax reports, reducing manual errors and simplifying tax compliance for businesses.

Key Capabilities of Invofox

PDF Splitter

Automatically split PDFs into structured, meaningful sections, reducing manual workload and ensuring better organization.

Classifier

Leverage AI-powered classifiers to categorize financial documents instantly, ensuring accurate processing within your ERP.

Data Extraction & Verification

Extract key financial data with high precision and verify it against trusted sources to eliminate errors before processing.

Intelligent Parsing

Transform unstructured data into structured formats, enabling seamless integration with your financial systems.

Expert Correction (Human-in-the-Loop)

Ensure the highest accuracy with human-assisted validation for complex document processing tasks.

How do we achieve the excellence?

Extracting high-quality data from documents is crucial, but sometimes basic extraction methods fall short. This is where Invofox comes in as a super-hero to scale up the data verification. The platform automates document processing by combining high-performing AI models, detecting fields further than just parsing documents, and knocking out any regular OCR.

Advanced Processing Solution

Programmatic Rules allow you to go beyond basic extraction capabilities. Define custom rules based on the specific format and structure of your documents. This ensures you capture the exact data points you need, minimizing errors and inconsistencies.

Handling Edge Cases & Complexities

Real-world documents often come with variations and inconsistencies. Define specific logic to understand and process missing fields, variations in formatting, or unexpected data patterns.

Boosting Data Quality Metrics

We significantly improve data quality metrics like precision (extracting only relevant data) and recall (capturing all relevant data). This translates to cleaner, more reliable data sets for your product.

Unlocking Granular Control

Gain complete control over your data extraction process. Define custom logic for exclusive scenarios, ensuring you capture the information that matters most.

Documents Invofox Supports

Invoices

Extract relevant information like invoice number, dates, total amounts, vendor details, line items and more.

Purchase Orders

Extract information like buyer details, supplier details, order date, delivery date, items ordered and more.

Bill of Lading

Extract relevant information like shipper details, consignee details, shipment date, destination and more.

Checks

Extract relevant information like payee's name, date, amount, bank details and more.

Pro-Forma Invoice

Extract relevant information like vendor name, vendor tax ID, invoice number, invoice date and more.

Utility Bills

Extract relevant information like account holder name, account number, billing period, usage details and more.

Receipts

Extract information like merchant name, dates, tax details, items purchased, payment method and more.

Payslips

Extract information like deductions, payment details, tax IDs and more

Stay tuned for new document types

Do you have any questions?
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ISO 27001 certified document processing API ensuring information security managementSOC 2 compliant API audited by AICPA for secure and reliable service operationsHIPAA compliant document parsing API for handling healthcare data securelyHIPAA compliant document parsing API for handling healthcare data securely
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