A digital invoice overlaid on an image of a person using a laptop.

Optical Character Recognition (OCR) Technology Paired with AI Saves Businesses Time and Money on Data Extraction

COMPREHENSIVE
Automatic Invoice Capture Software

Optical Character Recognition (OCR) Technology Paired with AI Saves Businesses Time and Money on Data Extraction

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COMPREHENSIVE
Automatic Invoice Capture Software

Invoice capture takes exceptional amounts of time and money, and it makes scaling expensive when businesses are forced to hire more data staff as their invoice volume increases. Our machine learning-paired OCR invoice data capture software can automate data extraction and report generation for complete invoice automation. ML-paired OCR has the unique ability to differentiate between field types to input data accurately from multiple different types of business invoices, including:

Utility invoices
Freight invoices
Proforma invoices
Interim invoices
Collective invoices
Debit invoices

And any others your business may use. Simply scan your invoices, and allow our cutting-edge technology to handle the rest.

iTech OCR Invoice Data Solutions

Digital icons representing different data points overlaid on an image of a person typing on a laptop.

SAVE RESOURCES WITH AUTOMATIC DATA EXTRACTION

Our clients save time and money by allowing our software and team to automate their data extraction processes, reducing associated labor costs. This also allows companies to scale more affordably since they aren’t stuck hiring more data staff as their document volumes increase.

Our AI-enhanced OCR allows our platform to translate and capture alphanumeric characters and quickly learn where to find data points, what to do with them, and how to transform them into the desired output. It can do this within documents of any structure (or lack thereof), allowing the system to index and extract data from any type of invoice, even those with handwritten sections. This allows for faster and more accurate data extraction and processing from invoices and other scanned text documents.

IMPROVE DATA ACCURACY WITH AI AND AUDITING SUPPORT

iTech provides automated AI invoice indexing that can recognize specific vendors, automatically check for pricing terms or discounts that can be applied based on vendor contracts, and perform audit functions on these invoices to flag high-dollar invoices, missing purchase order/sales orders, and invoices from new vendors.

This improves data accuracy, reducing costly mic inputs that affect not only your company but also those you work with.

A flowchart showing different data point names connected to a server to represent invoice data being extracted.

icons representing different data points being displayed over a laptop to represent a centralized digital database.

EASIER SEARCH WITH OUR INVOICE DATA INDEX

Automated data capture is only half of invoice data extraction. Cloud storage in an easy-to-search database is just as important when streamlining your business processes. This is how we not only provide time and cost savings during the data capture process, but also every function that relies on the captured data.

TRANSPARENT SUPPORT WITH iCLARITY

Outsourcing often comes with a “black box” approach where clients feel as though they have no insight or transparency into what happens between them sending in their scanned docs and receiving the captured data. Our iClarify tool gives clients round-the-clock access to our support staff for any questions, comments, or concerns they may have.

A businessperson checking off different digital documents.

The iTech Difference

iTech’s biggest advantage is in the name: Industry-leading AI and machine learning-powered OCR technology.

While many companies offer AI data management tools, and many companies offer OCR document indexing, iTech combines the two and adds expert data staff to create the best possible data outsourcing experience. Our software turns scanned invoices and billing documents into fully digitized and captured data, and our expert staff audits this data for accuracy to make sure that our clients have full confidence in it.

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Implement Fast, Automated Invoice Data Capture with iTech

If your business relies on a high volume of scanned documents or images, iTech’s OCR invoice data capture software and outsourcing solutions can perform the job faster, with better accuracy, and at a lower cost than leveraging manual data entry teams or outsourcing to vendors that do.

Reach out for a free OCR document capture services evaluation