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