Manual data entry presents a serious bottleneck for organizations that have a vast number of documents to process. With the coming of age of intelligent data extraction and document processing technologies (computer vision, natural language processing, machine learning, robotic process automation, etc.), they can now avail solutions that halve the labor and double the speed.
There are two major steps involved in intelligent invoice processing: text extraction from invoices and information extraction from the extracted text. We will cover these steps in a two-part series based on the intelligent invoice processing solution we built for a client.(more…)