How to Extract Data From Receipts Using KlearStack?
Automate data extraction from receipts with KlearStack’s AI enabled receipt OCR software with self-learning algorithm. Scan and extract receipt data from images, hand-written receipts, PDFs or printed receipts with high accuracy and 10x faster.
Challenges of Extracting Data from Receipts
KlearStack’s AI-enabled Receipt OCR
Your One-Stop Shop for Automated Workflows
Fraud detection and correction
Efficient Management of Employee Expenses and Claims
With KlearStack’s AI-powered OCR, you can effortlessly automate the extraction and processing of data from your employee reimbursement receipts and claims. This means you no longer have to worry about errors or delays in processing your receipts, giving you more time to focus on other important aspects of your business. Our automatic document classification system can easily interpret a wide range of receipts, including those related to food, fuel, and expenses, making it even more convenient for you. Trust KlearStack to streamline your receipt management and improve your overall business efficiency.
Automate expense management process
Ensuring Regulatory Compliance and Tax Efficiency
Trying to manually extract and process data from these unstructured receipts can be a time-consuming and error-prone task for accounting departments. Fortunately, there’s a better way! With KlearStack, you can automate your entire expense management process, from receipts data extraction to feeding accurate and error-free data to downstream processes. So, no more struggling with piles of paperwork or worrying about regulatory compliance. With KlearStack, you’ll have the peace of mind that comes from knowing your expense management is in good hands.
End-to-end payment processing
Intelligent Payment Management
Do you find manually recording, processing, and uploading data related to financial transactions boring? Us too! It’s a total snooze fest. Our solution to this problem? KlearStack! With our receipt data extraction software, you can process thousands of documents with 99% accuracy in minutes.
Streamline Supply Chain Efficiency
If you’re running a business, you know how important having a well-oiled supply chain is. That’s where KlearStack comes in. Our AI-driven solution can help streamline your inventory management, service delivery, and demand and supply scenarios so you can focus on growing your business. How do we do it? By automating the extraction and processing of crucial information stored in receipts and invoices. With KlearStack, you can improve supply chain efficiency and reduce errors caused by manual data entry. So, why waste your time on paperwork when you could focus on what matters?
Check out our pre-trained Receipt OCR for your business.
End-to-end document processing
Straight through Processing
KlearStack superior algorithms are designed to simplify the process of automating data extraction, processing, and sharing across multiple platforms, resulting in faster and more cost-effective financial transactions. With KlearStack’s receipt capture automation, businesses can extract data from receipts and invoices with high accuracy and without human intervention. This eliminates errors and delays associated with manual data entry, thereby streamlining the entire process. With KlearStack, businesses can focus on their core operations while the AI-powered system takes care of their financial data management.
KlearStack’s seamless integrations with various platforms such as RPA, Quickbook, SAP, Tally, Salesforce, Gmail, and other APIs make it easy for you to use their technology. No more jumping between different platforms and software; everything you need is right at your fingertips.
Day Zero Accuracy
KlearStack takes pride in its Day Zero Accuracy technology, which uses the latest in natural language processing, computer vision, and heuristics to extract documents with the utmost accuracy. This means you can quickly scan and digitize new documents without needing to retrain the AI models repeatedly.
Streamlining Your Receipt Process
A Closer Look at KlearStack's Receipt Processing Automation Technology
Frequently Asked Questions
KlearStack’s advanced machine-learning algorithms can accurately capture and automate various types of receipts, including handwritten receipts, printed receipts, and digital receipts. KlearStack is designed to interpret the data within your receipts, regardless of its layout or format, making it easy for you to manage your receipts without any additional hassle.
Yes! KlearStack can capture and automate receipts from multiple channels, including email, mobile apps, and cloud storage services. This feature saves you time and effort by centralizing all your receipts in one place for easy management.
At KlearStack, we have developed a cutting-edge Cognitive Document Processing technology that is designed to read data just like a human would, with virtually no room for errors. By leveraging this technology, our software can effectively and efficiently process your receipts at lightning-fast speeds while maintaining an impressive 99% accuracy rate. Our AI is also able to automatically detect key attributes and apply intelligent classification to your documents, taking the guesswork out of organizing and managing your receipts. Once the text has been extracted, our software automatically sends it to the relevant team member for a quick check, giving you peace of mind that your data is accurate and reliable. With KlearStack, you can streamline your receipt processing and spend more time focusing on your core business operations.
KlearStack takes the privacy and security of your data very seriously. Our software uses industry-standard encryption protocols to transmit data securely between KlearStack and your systems. KlearStack also complies with data privacy regulations like GDPR and CCPA, ensuring that your data is stored securely in our data centers.
Yes! KlearStack can integrate with most accounting software, including QuickBooks, Xero, and SAP. Once the structured data is extracted, it can be easily consumed by your accounting software and other downstream processes, simplifying your workflow. By incorporating human-in-loop business rules validation, you can further improve the accuracy of your AI models and, over time, enhance your straight-through-processing capabilities.