Invoice Data Extraction
Parascript Invoice Data Extraction organizes and simplifies your invoice processing. Our template-less solution provides you with the ability to immediately process large volumes of invoices with highly accurate, reliable results at significant savings.
Powered by artificial intelligence and machine learning, our solution easily extracts complex data from highly varied, complex business invoices. It automates data entry and routes validated data directly to your accounting and other systems. It is available as an add-on module both to FormXtra SDK and FormXtra Capture.
Advanced Automation Features
Parascript deals with the high variability and complexity of invoices so that you don’t have to, providing reliable data results with comprehensive validation.
- Address Blocks. Parascript leverages the industry standard in address block location technology used by the USPS and many of the largest commercial mailers, which is more precise than other solutions. Using Parascript, addresses are located and processed at the highest rates of accuracy available.
- Vendor Logos. Based upon core image analysis and recognition technology, our solution automatically locates logos via feature extraction and immediately matches them to existing reference logos to group invoices by vendor.
- Header and Footer. Data common to invoice processing needs are easily located and extracted with a high confidence. These can be automatically cross-validated with third-party systems to ensure accuracy.
- Complex Table Data. One of the most important parts of an invoice and the most complex are the line items of purchased goods. Parascript dynamically locates the table, columns, and rows, extracting information column-by-column and row-by-row. This data can then be used to perform database validation to further verify accuracy.
- Pre-built Engine for Rapid Implementation. Parascript Invoice Data Extraction comes pre-built to handle the most common invoice layouts for faster times to production at reduced development cost with less ongoing maintenance, unlike most solutions.
High Accuracy and Reliable Data
Quality invoice data is more than just running OCR on an image. To produce the most accurate results, Parascript employs artificial intelligence and machine learning to locate and extract the correct data while ensuring accurate results. Parascript leverages its decades of experience with check processing to provide the highest accuracy out-of-the-box. This means the data results that you receive will be correct and now you only need to deal with the actual exceptions.
Simple, Rapid Deployment
Parascript Invoice Data Extraction offers simple, rapid deployment. It is fully configurable and available as a .NET API, REST API , and a Windows application. Images can be acquired by smart phone cameras or desktop scanning applications, and are processed server-side.
Immediately Up-and-Running at Reduced Cost
Parascript Invoice Data Extraction provides pre-built layouts to handle the most common invoices for faster times to production at reduced development cost and less ongoing maintenance.
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Contact Us or call us today at 303.381.3100