Purchase Order OCR
How to Extract Data From Purchase Orders Using KlearStack?
Take control of your purchase order process with KlearStack’s AI driven OCR and IDP solutions. Automate data capture from purchase orders, better accuracy, eliminate duplicate orders, verify and reconcile sales invoices, manage expenses, complete visibility and control.
Challenges of Extracting Data From Purchase Order
Different formats and layouts
Variation in data fields
High volumes of Purchase Orders
Incomplete or missing data fields
KlearStack AI-driven Purchase Order OCR
The Solution to All Your Problems
Purchase order data capture
Searchable & Automation Ready
With KlearStack, you can easily and accurately capture your free-form purchase orders and convert them into editable, machine-encoded structured text. This makes your orders fully searchable and automation-ready without any extra effort on your part. This means you can save time and focus on other important aspects of your business while KlearStack streamlines your purchase order process for you.
Ensuring Accuracy: Verification & Reconciliation
With automated Purchase Order data entry, you can easily verify and reconcile sales invoices against Purchase Order data, ensuring error-free fulfillments and accurate customer information. You can also effortlessly keep track of all your orders, including prices and quantity information, making it much easier for you to manage your business operations.
End-to-end document processing
Straight Through Processing
KlearStack’s AI-driven model automates data extraction, processing, and sharing across multiple platforms, producing error-free results without human intervention, resulting in faster and more cost-effective financial transactions.
Day Zero Accuracy
KlearStack’s efficient algorithms provide Day Zero Accuracy by using the NLP framework, computer vision, and heuristics to extract documents with utmost accuracy, enabling businesses to quickly scan and digitize new documents without the need to retrain AI models repeatedly.
Out of the box integrations
KlearStack seamlessly integrates with various platforms such as RPA, Quickbook, SAP, Tally, Salesforce, Gmail, and other APIs, enabling users to leverage KlearStack’s technology with ease.
Advantages of KlearStack’s Purchase Order OCR
60% Reduced Cash
80% Costs Reduced
5x Reduced TAT
How does Purchase Order Automation work using KlearStack?
5 Reasons Why Businesses Rely on KlearStack for Purchase Order Automation
Continuous Improvement with User Behavior Mapping
With KlearStack, training and retraining is made easy. Our software has the ability to learn from minimal data and adapt to your needs over time. It also tracks user behavior and continuously modifies its algorithms to improve performance. This ensures that you are always getting the most accurate and efficient invoice processing experience possible.
99% Accurate Processing for On-Time Payments
With KlearStack’s Cognitive Document Processing technology, you can enjoy the benefits of timely payments and a hassle-free payment process. KlearStack is designed to read data like a human, ensuring maximum accuracy and efficiency. With a success rate of 99%, our software can process invoices faster, allowing you to make payments to your vendors on time and take advantage of various discounts. Say goodbye to missed payments and hello to a streamlined payment process with KlearStack.
Eliminate Duplicate Orders
When it comes to processing duplicate Purchase Order and making payments, the risks of complications and financial losses are high. However, with KlearStack’s software, you can easily mitigate this risk by identifying duplicates by cross-checking against other relevant documents, such as delivery receipts. By doing so, you can save time and resources and prevent any unnecessary monetary losses.
End-to-end AP Process
Streamline Your Accounts Payable Workflow with KlearStack
KlearStack’s algorithms take an impression-centric approach to learn about your most used features and tailor themselves to your needs, boosting efficiency by a significant margin. With our software, you can rest easy knowing that your Accounts Payable department is in good hands.
Data Privacy and Security
At KlearStack, we understand that your data privacy and security are of utmost importance. We have implemented industry-standard encryption protocols to ensure that all data transmitted between KlearStack and your systems remain secure. Our software also complies with data privacy regulations such as GDPR and CCPA to ensure that your data is safely stored in our data centers. Moreover, we restrict access to your data to only the essential personnel required to provide support and maintenance services.
Frequently Asked Questions
KlearStack offers multiple channels to capture Purchase Orders, including email, PDFs, scanned images, and more. Once captured KlearStack’s AI-powered software processes the Purchase Orders using advanced technologies like deep learning, proprietary computer vision, NLP, and rich correlation algorithms.
Yes, KlearStack’s AI is designed to interpret the data within your Purchase Order regardless of its layout or format. With its pre-trained model, KlearStack’s AI can interpret and extract essential data from your Purchase Orders, including PO Number, Customer Name, Address, Tax ID, Date, and more.
KlearStack automatically detects key attributes and applies intelligent classification to your documents, streamlining your Purchase Order process. Once the text is extracted, it is automatically sent to the relevant team member for a “good-to-go” check, ensuring accuracy and reliability. By incorporating human-in-loop business rules validation, you can further improve the accuracy of the AI model and, over time, enhance your straight-through processing capabilities.
KlearStack can integrate with your existing ERP or accounting software through various methods, such as APIs or webhooks. Once the Purchase Order data is extracted and validated, KlearStack can automatically send the structured data to your ERP or accounting software, simplifying your workflow.
KlearStack’s AI-powered software can identify and flag exceptions or errors in the Purchase Order data. These exceptions or errors are automatically routed to the relevant team member for review and resolution. With KlearStack’s intelligent exception handling, you can streamline your Purchase Order process and reduce the chances of errors or delays.
Automate Your Purchase Order Process with KlearStack
Looking for an automated Purchase Order process? Book a demo to see how KlearStack can help your organization implement end-to-end PO processing.
Get a free consultation with our Automation experts.