Invoice OCR a way to automate data extraction.

Use AI-based OCR solution to automate the data extraction from Invoices in real time.

What is Invoice OCR

Invoice OCR is a tool that extract data from scanned Invoices which are in PDF or Image format and extracts the data by converting it into a machine-readable format which is editable and searchable. In other words, OCR is the process of extracting data fields from an invoice or bills which either in PDF or in Image format.

OCR will be helpful for businesses in automating the Invoicing process by saving time, cost, and reducing errors in data entry. This tool is simple and easy to use either as a software or as an api by integrating into its own system.

Why OCR will be best for Business.

Now understand How Does Invoice OCR will be beneficial to Businesses.

1. OCR is beneficial for business when they receive high volume of Invoices, and they have to clear all the payment on time.
2. Helpful for all types of Industry for Invoice processing.
3. It supports both handwritten and digital Invoices as well works for any template.
4. Invoice OCR is helpful in extracting data from PDF invoices or Images/PNG.
5. It will connect with email account and automatically detect the Invoices and extract the information from it.
6. OCR can recognize and convert the content into searchable or editable texts so you can copy and use them.
7. You will get the response in your desired format like excel, JSON or over email etc.
8. If you have challenges in data entry or reading texts in the images, OCR + ICR can be a handy tool to use to extract and automate data entry.
9. Save Cost & Effort of Accounts & Finance team.
10. It will reduce data entry time by 90% — as our OCR Software will extract results from a document within 10 sec as compared to 2–3 minutes on average for a manual extraction.

Role of AI & Ml in the Invoice OCR -

OCR simple extract the data from the DOC, AI & ML helps in identifying or detecting the particular fields data positioned at different places in different templates correctly & give in response on time. The AI & ML trains itself continuously and automatically train after processing the documents.

Masters India Invoice OCR solution

AL and Ml powered OCR Software is a great tool to be use for Data Extraction from any type of Invoice. This OCR solution is the best way to Automate Invoice processing. It is a Pre-Trained Machine solution, has self-learning capabilities, it has no template dependency · 100% AI.

Can be used as a solution or our public api can be used to integrate in the existing system or ERP.

• To try our Solution without registration
• Test Our Invoice OCR API in sandbox — view our OCR API Documentation

Important feature of Master's India Invoice OCR

1. Simple & easy to use as UI or API
2. Powered with AI & ML capabilities..
3. Data extraction
4. Multi Page PDF Invoices
5. Data extraction from multiple files at a time
6. Handwritten Invoices
7. Bill of Entry Import
8. Extract the data from Table or line item.
9. Input — PDF/JPEG/PNG/Folder/Email
10. Output — JSON/Email/Excel
11. Integration — It will get integrate with any ERP/system/Email/Drive

How it will work

1. Upload
2. Extract
3. Result

Accounts Payable Automation | Product Video | Masters India — YouTube

How Many Times Can I Use Masters India Invoice OCR for Free?

When you visit Masters India Website, you can use OCR maximum 5 times a day for free without login. This means you can use or try Masters India Invoice OCR 150 times in a month for free. For more usage you will need to log into the solution and need to activate your free trial by requesting a call-back.

Useful for

• Tech companies
• Manufacturing companies
• Service companies — Logistics, Delivery etc.
• Startups of all sizes
• Public sector companies
• Finance