How Can the Scope of Receipt Data Extraction Software Be Improved with AI?
[vc_row pix_particles_check=””][vc_column][vc_column_text] No document is as important as the one that reflects the evidence of a financial transaction. Receipts, as we know them, are the most commonly stored documents in households and companies. While there is no doubt that the information printed on every receipt is invaluable, the lack of awareness about automated methods to […]
Invoice Data Extraction Deep Learning is the Key
[vc_row pix_particles_check=””][vc_column][vc_column_text] While the age of digitization is transforming the way a business functions, it keeps posing new challenges in front of companies so they can evolve their processes. An organization receives tons of documents everyday; be it invoices, receipts, loan documents, mails, contracts, and what-not. Document information extraction and processing is the central concern […]
Factors to consider while selecting an invoice data extraction software
[vc_row pix_particles_check=””][vc_column][vc_column_text] How to automatically extract data from invoices? – “Use an invoice data extraction software!”- this is a common, yet vague answer many industry leaders often get. However, the mystery behind which is the right software remains unsolved. Consequently, business owners end up either wasting a massive amount of money on irrelevant software or simply […]
Does Intelligent Document Processing Mean Uprooting OCR-based Document Scanning?
[vc_row pix_particles_check=””][vc_column][vc_column_text] IDP (Intelligent Document Processing) and OCR (Optical Character Recognition) are two connected terms, carrying different meaning and purpose of existence. With industry leaders capitalizing on latest technologies like IDP, there’s a common point of debate floating around in the industry – Will IDP uproot OCR-based document scanning? Or let’s put it across the other […]
Cost-effective Ways to Convert Invoice to Excel
[vc_row pix_particles_check=””][vc_column][vc_column_text] Every organization has a set of structured and unstructured data stacked up somewhere or the other. Out of the unstructured documents, vendor invoices form a non-trivial part. With the advent of digitalization, paper-based invoices are now replaced by digital counterparts. But, the number of PDF invoices piling up on the AP (accounts payable) […]
How AI-driven OCR solutions trump traditional OCR for improving business efficiency!
[vc_row pix_particles_check=””][vc_column][vc_column_text] Artificial Intelligence (AI) has already transformed our everyday lives with its contextual data processing characteristics and adaptability. Google’s predictive search, Siri, or Alexa are alien to none. However, businesses are one step ahead in leveraging the pool of opportunities brought by AI. The technology has entirely evolved the business scenario by streamlining the […]
What is Optical Character Recognition and How Does AI Make it Better?
[vc_row pix_particles_check=””][vc_column][vc_column_text] Document Scanning Reaches New Heights with Optical Character Recognition and Artificial Intelligence Optical Character Recognition or OCR is the technology used for recognizing text from printed or handwritten documents and converting them into digital format. In other words, it is a software that extracts data from scanned or photographed versions of physical documents and […]
Reinforcement Machine Learning and its Influence on Document Data Extraction
[vc_row pix_particles_check=””][vc_column][vc_column_text] Remember how kids are taught good behaviour? A child is given candy after dental checkups, chocolates for good grades and so on. This is called positive reinforcement. If you got an amazing gift from your parents after high school grades or a bonus for being an employee of the year that’s positive reinforcement right there. […]
Is AI really useful? An ROI point of view
[vc_row pix_particles_check=””][vc_column][vc_column_text] Technology is constantly evolving. Every innovation is the first step for further improvement. The world of business assimilates these changes and adapts itself, evolving itself constantly. The creation of the world’s first programmable computer is attributed to Konrad Zuse, when he built the Turing-complete Z3 in May 1941. The real boost was delivered by ENIAC a […]
Achieve 90% Accuracy in 90 days in Document Data Extraction
[vc_row pix_particles_check=””][vc_column][vc_column_text] KlearStack is an Intelligent Document Processing platform embedded with artificial intelligence and machine learning to provide seamless document data extraction from invoices, payment orders, receipts and more. KlearStack solutions are developed to solve the challenges of manual processing of documents which is a time-intensive and error-prone process and is carried out in most of the […]