Frequent asked questions
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Purchase Order OCR

for data extraction

Extract and verify thousands of purchase orders in less than 30 seconds!

Unlock the Power of Invofox’s Purchase Order OCR

Automate Data Extraction

Use AI-powered Purchase Order OCR to capture PO numbers, supplier names, order dates, line items, and total amounts. No manual entry needed.

Speed Up PO Approvals

Automatically route purchase orders to the right approvers, ensuring fast approvals and eliminating delays.

Automate PO Matching

Verify quantities, pricing, and supplier details by matching POs with invoices and receipts. Flag discrepancies before payments.

Sync Inventory & Procurement

Update stock levels automatically with real-time ERP integration, keeping procurement and inventory aligned.

Enhance Supplier Relations

Track order statuses, delivery dates, and payments to improve supplier communication and reduce disputes.

Integrate with ERP & TMS

Sync purchase orders data with ERP, TMS, and warehouse systems—eliminating manual entry and improving efficiency.

Extract and verify all essential purchase order fields

PO number

Issue date

Currency

Payment terms

Buyer name

Buyer details

Supplier name

Supplier details

Item description

Quantity Ordered

Incoterms

Total Amount Payable

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 Purchase Order OCR

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.