Invoice Data Extraction

Extract Invoice Data with 98%+ Accurate AI – No Templates Needed

Freemium

Description

Invoice Data Extraction is an AI-powered software designed to automate the process of capturing information from invoices. It utilizes advanced AI, including computer vision and language models, to understand invoice content contextually, achieving over 98% accuracy across various formats like PDFs (native or scanned) and images (JPG, PNG). Unlike traditional OCR methods that require manual setup, this tool operates template-free, instantly processing any invoice layout or language without prior configuration.

The system allows users to specify the data fields they need extracted using simple natural language instructions. It supports batch processing of multiple files, extracts detailed line items, and handles multi-page documents efficiently. The extracted data is delivered in a structured Excel (.xlsx) format, ready for analysis or import into accounting systems. This automation significantly reduces manual data entry time and costs, minimizes errors, and streamlines accounts payable workflows for businesses and accounting professionals.

Key Features

High Accuracy Extraction: Achieves 98%+ accuracy for diverse invoice types, surpassing traditional OCR.
Template-Free Processing: Automatically processes any invoice format or layout without requiring templates.
Multi-Language Support: Extracts data from invoices in any major language and accepts instructions in preferred languages.
Natural Language Interface: Users specify data fields using simple, plain language instructions.
Batch & Multi-Page Processing: Handles bulk uploads and extracts data consistently from multi-page PDFs.
Line Item Extraction: Intelligently identifies and extracts individual line items from invoices.
Image & PDF Support: Processes both image files (JPG, PNG) and PDF documents with high accuracy.
Direct Excel Export: Outputs structured data directly into ready-to-use Excel (.xlsx) files.
Custom Field Extraction: Captures standard invoice data plus any custom fields required.
Secure Processing: Employs enterprise-grade security measures, including encryption and data deletion protocols.

Use Cases

Automating Accounts Payable data entry and reducing processing costs.
Streamlining invoice processing for accounting firms handling diverse client documents.
Simplifying financial administration for small business owners.
Scaling invoice processing capacity for AP teams without increasing headcount.
Extracting detailed line item data for financial reporting and analysis.
Processing multi-language invoices for international businesses or non-profits.

Frequently Asked Questions

What types of documents can your invoice extraction software process?

Our solution supports PDF files (native and scanned, up to 20MB/file, 250 pages/document), images (JPG, PNG, up to 5MB/file), and batch processing (up to 350MB total). It handles multi-page documents and PDFs containing multiple invoices.

How does your invoice extraction tool compare to traditional OCR methods?

Our AI achieves industry-leading 98%+ accuracy, significantly outperforming traditional OCR (typically 60-80%). Our system understands invoice semantics, not just text recognition, and adapts without templates, delivering consistent results even with challenging formats.

What specific data can your invoice extraction tool capture?

It can extract virtually any information, including header data (invoice numbers, dates), vendor/customer details, financial data (totals, taxes, discounts), line items (descriptions, quantities, prices), payment details, and custom fields defined by your specific needs using natural language instructions.

Is my data secure when using your invoice extraction service?

Yes, security is fundamental. We use enterprise-grade encryption, secure US-based cloud storage, Cloudflare security, automatic source document deletion after 24 hours, user access controls, and never share data with third parties.

How fast is your automated invoice extraction process?

Processing time is approximately 15 seconds per page, significantly faster than manual entry. For example, a batch of 100 single-page invoices takes about 17 minutes.