What is Finance Document OCR?
Finance Document OCR (Optical Character Recognition) extracts data from both invoices and receipts. It automatically classifies the document types into receipts or invoices. For each document type, the relevant fields will be extracted. For example, invoices have fields like bank infos and customer infos while receipts do not have. This technology replaces manual data input with a seamless, swift, and precise digital process, enhancing efficiency and accuracy.
Besides, you do not need to differentiate between invoices and receipts. Eagle Doc Finance Document OCR will do it for you.
Highlights
Automatically Document Classification
Eagle Doc Finance Document OCR automatically classifies documents into receipts or invoices. This feature eliminates the need for manual classification, saving time and effort.
Comprehensive Field Coverage
Eagle Doc Invoice OCR offers comprehensive field extraction from invoices. It captures all essential data points for your business, eliminating the need for additional steps like manual data labeling or model training.
- More than 60 distinct fields
- Array of product line items
- Detailed tax breakdowns
- And more...
Cross Check and Inference
Using advanced cross-field analysis, Eagle Doc ensures data integrity and fills in gaps by intelligently validating and reconstructing information from original invoices.
- Cross check and inference among language, currency, date format, city and country
- Cross check and inference among product prices, total price and tax items
- Cross check and inference among unit price, quantity and product price
- And more...
Extraction of Tax Information of Products
Eagle Doc Invoice OCR delves into details to uncover hidden tax information for products on invoices. It extracts tax information for each product line item. This feature is particularly useful for businesses that need to keep track of tax information for each product.
Even when only tax label is available, Eagle Doc Invoice OCR can still extract the tax percentage, by checking tax labels.
Broad Localization
- Any Currency
- 40+ languages
Unmatched Accuracy --- 95%+
Eagle Doc meticulously evaluates the confidence levels of its extractions. By leveraging fine-tuned Language Models (LLMs) to refine low-confidence results, it achieves exceptional accuracy. This approach maintains efficiency and cost-effectiveness by only utilizing LLMs when necessary.
- Superior precision in data extraction
- Cost-efficient operation
- Overall swift processing times
- Elimination of LLM related problems such as hallucinations and security vulnerabilities
- No additional cost
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. For more API details, take a look at our Invoice OCR Documentation.
