Invoice Processing

Extract all information from Invoices – multiple formats and vendors templates​

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A US based advertising tracking company that delivers actionable data

Challenge

OCR and data extraction for 100K daily pages of scanned PDFs to provide activity and spend on FCC regulated broadcast and cable media outlets.

OCR and data extraction for 100K daily pages of scanned PDFs to provide activity and spend on FCC regulated broadcast and cable media outlets.

Current solution - Fleet of Desktops with OCR + JavaScript parsing + manual QA, in house, on-shore.

Current solution - Fleet of Desktops with OCR + JavaScript parsing + manual QA, in house, on-shore.

Desktop OCR out of maintenance. Accuracy deteriorating. Need to make a switch.

Desktop OCR out of maintenance. Accuracy deteriorating. Need to make a switch.

Stress fields provided to see how Botminds platform extracts and presents the output.

Stress fields provided to see how Botminds platform extracts and presents the output.

Botminds Solution

Developed a model using our semantic understanding, table AI and other base models that are readily integrated in Botminds AI platform .

Developed a model using our semantic understanding, table AI and other base models that are readily integrated in Botminds AI platform .

Created taxonomy based on the stress fields provided, including the normalized values​.

Created taxonomy based on the stress fields provided, including the normalized values​.

Automated 49 types of documents, a total of 368 documents, 5 stress fields with deep linking feature for quick audit

Automated 49 types of documents, a total of 368 documents, 5 stress fields with deep linking feature for quick audit

Results

100%
Accuracy

Greater accuracy with human-in-the-loop​

60%
Cost Savings

Reduced members in the team for manual processing

10x
Faster Processing time

Increased speed of processing each invoice

20x
Peak Volume

Delivered with same solution team.

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See Botminds Unified platform in action

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