Why is KlearStack the best software for Invoice Processing Automation?

• User needs to define templates for each different layout of invoices and this takes time.
  E.g. if there are 1000 variation of invoices, you need to define 1000 templates.

• No templates needed. Extracts data using Deep Learning models.

• It takes time to define templates.

E.g. For 1000 invoice layouts, it will take approx. 500-700 person days to define all the templates.

• User saves the template definition time and effort, since no templates need to be defined.

• Slight change in invoice layout needs to retrain template, which is not scalable.E.g.     Supplier name position           changes from right to left         part of invoice.

• Machine Learning models handle the data extraction even if the invoice layout changes.

• Need trained resources for defining or modify templates.

• You don’t need specially trained template developers

• Up-front license required per template developer

• No license. Default business model is SaaS. Only subscription fees need to be paid (based on usage)

• Setup process is tedious. For ex: Flexicapture needs to be installed along-with the pre requisites on every template developer’s PC

• SaaS delivery model. Hence nothing needs to be installed locally.However, On-Premise option also available, if required.

• Line items with multiple span will not get properly extracted.

• Intelligent extraction of line items, irrespective of the span.

• Supports multiple languages, since this relies on templates.

• KlearStack supports English currently. ML models can be trained for additional languages. 2+ person-weeks of effort for each language. Multiple languages can be trained within short span of few weeks.