What is Invoice OCR?
Invoice OCR, short for Optical Character Recognition, revolutionizes data extraction from invoices. This technology replaces manual data input with a seamless, swift, and precise digital process, enhancing efficiency and accuracy.
Utilizing advanced algorithms, Invoice OCR efficiently scans and interprets key details such as sender and receiver addresses, line items, tax information, totals, and more from invoices. This technology not only eliminates the need for manual data entry but also enhances efficiency in financial workflows. Businesses can leverage Invoice OCR to improve accuracy, reduce errors, and expedite the processing of financial transactions, ultimately leading to increased productivity.
Below is an overview of which information Invoice OCR extracts.
How does Invoice OCR work?
Connect your app to Eagle Doc easily with our REST API. Just send your invoice images or PDFs to the Eagle Doc Invoice OCR endpoint. Our algorithm reads the text using OCR and pulls out all the important info from the invoice, including total amount, shop name, product details, and more. The system gives you the results in a structured way in JSON format, ready to use in your app. Check out the simple data flow below.
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For more details, take a look at our Invoice OCR Documentation.
