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1.Save up to 90% of your time

Lava

Save up to 90% of your time

2.Save cost

Lava

Save cost

3.Reduce errors and increase productivity

Lava

Reduce errors and increase productivity

Try our OCR for free with your own Invoices

pdfimage
Invoice Number

IN1/20-21/234

Date

02-12-2020

Invoice Amount

84818.4

Supplier Name

SYS DIGI MARK TECHNO

Supplier GSTIN

09ABICR6186C1K1

Buyer Name

MASTERS INDIA IT SOLUTIONS PRIVATE LIMITED

Buyer GSTIN

09AAICM6186C1Z9

              
[{
"buyer_gstin": "09AAICM6186C1Z9"
"buyer_name": "MASTERS INDIA IT SOLUTIONS PRIVATE LIMITED"
"invoice_amount": "84818.4"
"invoice_date": "02-12-2020"
"invoice_number": "IN1/20-21/234"
"supplier_gstin": "09ABICR6186C1K1"
"supplier_name": "SYS DIGI MARK TECHNO"
}]
              
              

REST Invoice OCR APIs for Integration with any software

Send Invoice PDFs and Images and receive structured data ready for automated entry in ERPs and other softwares with this Invoice automation APIs

  • ARP IMAGE

What is Invoice OCR?

Invoice OCR is the way of text extraction from images & PDFs of an invoice. In simple terms, it scan invoices PDF or Image and extracts the data by converting it into text. With the help of Invoice ocr api the solution connects with ERP and Sync the invoice data to ERP easily. ocr invoices automates invoice processing and also simplifies accounts payable processes.

AI and ML have improved the extract pdf to text OCR outcome, and help OCR reads decode the fields from the scanned invoices easily in Less time. With the help of ML and AI Manual data entry work of Extracting PDF has reduced.

Artificial Intelligence in OCR for invoice processing trains Machine learning algorithms to understand and extract data from unstructured invoices into correct formats and make entry of data into the respective fields. This reduces human intervention or manual data entry of invoices

Text OCR with the help of AI & ML improves operational efficiency, reduces costs & data entry errors and helps in optimization of workflow.

Why Should You Choose Master India API Software for Invoicing?

1. Security and encription

Master India API software privides you with a safety solution to the Accounts payable process having ISO audited so there is no possible data leakage and all the sensitive information is encrypted which protects it from fraudulent activity.

2. Cost Effective

Master India API software gives you a cost effective solution since it is budget friendly and very affordable which also makes it a cost attractive solutions nowadays for the business.

3. Streamlined and centralized

All the data collected are integrated into various reports for better analytical decision and desired outcome for effective business process.

4. Customer support

Wonderful customer suppport provided which makes Master India API software very user friendly.

5. Effective workflow of transaction

Provides effecetive infrastructure to the customer for smooth transactions and process and uninterrupted flow of data is provided to the customer.

How does it work?

  • Image Pre-processing: In this step, non-scanned PDF invoices or Images of Invoices are scanned and the PDF file is turned into JPG files with better resolution or 300 DPI. In this step, multiple pre-processing
  • Text Detection: Once we have the complete invoice data, the extracted data is fed to the detection model, which can recognize the tables, and forms within the input images.
  • Text Recognition: In this step the system recognizes the data which involves identifying the location from where it will get the desired field data. Like Product name, invoice number, quantity etc.
  • The final step is Texts/Information Extraction: Here OCR Text extracts the data from the regions like header or table and tries to fill the respective fields with the data.
  • Role of AI & ML in data extraction to improve accuracy- After the text is recognized with the help of AI, ML comes into picture which converts this text language into a more structured and machine readable language in your system. ML hence converts the unstructured text into a more structured language which a software would understand

FREQUENTLY ASKED QUESTIONS

OCR used in accounts payable to make the whole AP process accurate and straightforward. It automates, and provides a paperless environment for accounts payable processes.

OCR (Optical character recognition) extracts the information from PDF or Images automatically converts it into text and then processes that text into respective digital invoice fields.

AI and ML improves the OCR outcome, helps decode the fields from the text from the scanned invoices easily and reduces the time. With the help of ML and AI Manual data entry is not needed in each step.

.Invoice data extraction is the Process of extracting relevant information from the invoice with the help of OCR (optical character recognition) technology. The data can be Invoice Number, Date, Name of the supplier, Invoice amount, quantity etc. Validating the extracted information and matching the same with the purchase order (PO).

OCR works in simple stages in Master India’s invoice processing software as below: -

  • 1. Receive Invoice over Email box or Drag and drop the scanned invoice in the Master India Software.
  • 2. OCR solution will captures important details from the invoice with the help of AI & ML
  • 3. Create & Process Invoice through an approval workflow . within less than 30 seconds.

Masters India OCR API provides end to end solutions to invoice. The benefits of using master India OCR APR: -

  • 1. Cost-effective
  • 2. Time saver
  • 3. Increase Productivity
  • 4. Sync Data back to ERP

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