Receipt Data Extraction Module
Parascript offers the industry’s most accurate receipt data extraction solution powered by artificial intelligence and machine learning. Parascript’s template-less solution enables organizations to easily classify and extract key data from all types of receipts, including handwritten tips and totals.
Quickly & Easily Access Receipt Data
Automatically classify, locate and extract all key data from your receipts captured using desktop scanners, portable scanners and mobile devices for your expense management, taxes and purchasing analysis. Parascript’s template-less solution is powered by artificial intelligence and machine learning so that new receipts can be easily recognized and processed.
Automate Your Receipt Data Entry
Receipts are one of the most common documents used in everyday life. Valuable information on receipts is either collected through manual data entry or thrown out daily without a simple way to automatically locate, process and use the data. Enormous quantities of receipts are produced that are highly variable in terms of both layout and types of data. Handwritten information is also often part of a receipt.
Reduce receipt data entry and eliminate the need to throw away receipts with Parascript Receipt Data Extraction. Our template-less solution automatically extracts data from all of volumes of receipts, supporting virtually every field so that you immediately have access to the relevant receipt information in your business systems.
The Next Generation of Receipt Extraction
Parascript’s solution includes support for location and extraction of key receipt data: date, vendor name, payment type, city, state, tax and total. To handle your hotel receipts, it extracts dates, taxes and totals. For restaurant receipts, it also easily extracts the printed or handwritten tip and total amount. Handwritten information is reliably captured including pre-defined categories, account numbers, and other data useful to aid with proper automated categorization of each receipt to match a particular expense category.
Reliable, Accurate Receipt Data
Quality receipt data is more than just running OCR on an image. To product the most accurate results, Parascript leverages artificial intelligence to locate and extract the correct data all while ensuring accurate, high quality results. Parascript built upon its decades of experience with check processing to provide the highest accuracy data processing rates in the industry. This means that you can be confident that the data you receive from your receipts is correct.
Parascript Receipt 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.
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