How to Extract Data from Invoice using KlearStack
Extract data from invoices automatically using KlearStack’s AI-driven OCR and intelligent document processing. Digitize, classify, and process structured or unstructured documents – irrespective of the layout, format, or type using our proprietary deep learning and Natural Language Processing algorithms.
Challenges of Data Capture from Invoices
Poor quality documents
Key-value pair extraction
Line items extraction
Accuracy of the data capture
How KlearStack Solves the Problem?
Any Format. Any Layout.
Even though invoices can be of different formats and layouts, creating a separate template for every new invoice is time-consuming and ineffective. KlearStack’s AI algorithms are sharp enough to provide template-less automation solutions to its users. Now you can forget the hassle of creating new templates every time!
Line-item extraction. Table extraction
Line-item Data Extraction
KlearStack’s unique features provide a Line-Item data extraction wherein you can extract essential items such as Vendor/Supplier name, Sales tax registration number, Invoice date, VAT Number, and Vendor/Supplier address. Moreover, it can also extract line items like Item number, Unit price, Invoice amount, Tax rate/amount, and Discount. Payment data extraction is also possible using KlearStack. You can get information like Total without tax, Total tax, Advance paid, Payment due date, and Amount due.
Classify and extract multi-page documents
Multi page Invoice Data Extraction
Invoices doesn’t come in one size and shape; they can be structured, unstructured, single page, multipage, complex, handwritten, etc. To deal with all these invoices KlearStack’s features are enough! Our software is compatible with multiple-page invoices and can extract data from them accurately.
Batch invoice processing
Bulk Invoice Processing
Enterprises can feed in many invoices to the KlearStack for process in one go. A feature called batch processing allows KlearStack to process multiple invoices in one. While doing so, it can identify, recognize and categorize each invoice. Any additional part can also be used on these invoices. So now businesses can forget about processing invoices individually and switch to a faster and more accurate method with KlearStack!
Advantages of Automated Invoice Data Capture!
300% Lower TCO
90% Cost saving
20x Lower set-up cost
For fixed format and variable format documents
KlearStack’s AI-driven model offers straight through processing for faster and more cost-effective financial transactions. KlearStack’s model can automate data extraction and processing and streamline data sharing across multiple platforms. It does this without human intervention and produces error-free results.
Day Zero Accuracy
One of the best assets of KlearStack is its Day Zero Accuracy feature. KlearStack’s efficient algorithms extract documents from never seen documents with utmost accuracy. Now you can quickly scan and digitize new documents without having to retrain AI models repeatedly. The klearStack model provides Day Zero Accuracy using the NLP framework, computer vision, and heuristics. Businesses can start document processing from day zero and achieve an end to end document automation.
Out of the box integrations
At KlearStack, we pride ourselves on providing clients with seamless integrations across multiple platforms such as RPA, Quickbook, SAP, Tally, Salesforce, Gmail, and other APIs. By following a couple of simple steps, you can set up the integration for any of these platforms such that users can leverage KlearStack’s technology.
KlearStack AI vs Traditional Invoice OCR Comparison
No Template Setup Required
Cost & Time Efficient
Multiple Data Formats Supported
Multiple Export Options
Third Party Integrations
Automate Your Invoice Processing Workflow with KlearStack
KlearStack’s intelligent document processing enables you to extract data from invoices easily, efficiently, and accurately.
Get a free consultation with our Automation experts.