Business Value

1000+ Monthly Invoices Automated 100%
Handling Reduction 80%
High Reduction in Late Fees 85%

Goal

Accurately extract key data from invoices

Challenge

The Invoices come in different forms depending on vendor. Client is looking for a flexible and scalable Al solution for invoice processing.

The client provided us with less than 200 data samples across seven data variations, and asked us to train a robust model to extract the following eight fields:

  • Vendor name
  • Account number
  • Invoice number
  • Billing date
  • Received date
  • Due date
  • Amount
  • Currency

Outcome

Trained model with ~98% accuracy in 4 days to extract key data from invoices