APPROACH

We provided a solution by

  • Applying different techniques to detect and extract text from the scanned documents
  • Training our AI models for information extraction activity on larger datasets
  • Transfer learning techniques applied to optimize for custom requirement.

KEY BENEFITS

  • Overall accuracy of over 80% and around 90% for some key fields
  • Ability to quickly customize for new fields and invoice templates

RESULTS

  • ~80%+ Accuracy – Client was able to semi-automate most of the manual invoice processing.
  • 500K Impact – Resources were redeployed for higher end work resulting in more revenues

[wpli_login_link class='et_pb_button et_pb_button_0 et_pb_module et_pb_bg_layout_dark' text='Download this Case Study' redirect = 'https://www.tredence.com/case-study/key-information-extraction-from-scanned-invoices?download=true']