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Invoice OCR

for data extraction

Extract and verify thousands of invoices in less than 30 seconds!

Unlock the Power of Invofox’s Invoice OCR

Automate Data Extraction

Eliminate manual data entry with AI-powered OCR and machine learning. Transform key details from any invoice format into structured data instantly.

Speed Up Invoice Approvals

Streamline approvals by routing invoices to the right stakeholders. Set up workflows, get notifications, and approve payments in just a few clicks.

Automate Invoice Matching

Match invoices with purchase orders and receipts to verify accuracy. Detect discrepancies in amounts, quantities, and suppliers before payments are made.

Seamless ERP Integration

Sync invoices effortlessly with ERP, accounting, and payment systems. Ensure smooth data flow while eliminating manual uploads and reconciliations.

Automate Payment Processing

Automatically trigger payments when invoices are approved. Invofox integrates with payment systems to ensure vendors are paid on time, improving cash flow.

Multi-Currency Invoicing

Extract amounts, tax rates, and currencies from international invoices. Standardize data for seamless cross-border transactions and compliance.

Extract and verify all essential invoice fields

Invoice number

Invoice date

Vendor name

Vendor Tax ID

Vendor Address

Due Date

Tax Rates and Amounts

Line Item Details

Total Amount Due

Receiver Name

Receiver Tax ID

Receiver Address

and more...

Key Capabilities of Invofox

PDF Splitter

Automatically split PDFs into structured, meaningful section to reduce manual workloads and improve organization.

Classifier

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

Data Extraction & Verification

Accurately extract key financial data and verify it against trusted sources to eliminate errors before processing.

Intelligent Parsing

Transform unstructured data into structured formats to enable seamless integration with your financial systems.

Expert Correction (Human-in-the-Loop)

Ensure the highest accuracy with human-assisted verification when it comes to complex document processing tasks.

Why Choose Invofox over Standard OCR for Invoice

Accuracy Rate
Technology
Document Processing Time

(+1,000 documents)

Proccess Automation
API Integration
Advanced Data Extraction
Self Learning System
Real-time suggestions
+99.92%
OCR + AI + Machine Learning
Under 30 seconds
End-to-end workflow automation
OCR
60% to 85%
OCR
Up to 2:30
Limited

Frequent Asked Questions

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.