What is Invoice OCR?
Invoice OCR makes real-time data extraction from invoices possible not only in key-value pairs but line items. A solution solving a long-standing problem of Manual data entry of bills or invoices into the system with no dependency on the template.
Problem
Manual data entry of bills or invoices into systems is a time-consuming process with a high risk of errors and no dependency on template.
Solution
An OCR Software & API that enables real-time data extraction from invoices, not only parsing key-value pairs but also line items, making data entry efficient and template-independent.
Customers
Financial teams, accountants, and small to medium-sized businesses that handle a significant amount of invoices and require streamlined processing are the most likely to use this product. Financial teams and accountants are the primary personas.
User Comments
No user comments available.
Traction
Details on product version, user numbers, and other metrics are not available.
Market Size
The global document analysis market, which includes invoice OCR solutions, is expected to reach $3.8 billion by 2023.
