AI-Driven Receipt Data Extraction Solutions
Receipt data is converted into structured, actionable formats with fast, reliable, and scalable extraction solutions that fit your workflow, powered by Statswork and leading-edge AI.
Receipt data extraction capturing & Structing key information
Receipt data extraction is the identification, capturing, and identification of important receipt information–such as transaction information, what was spent, information about the merchant and customer, tax amounts, and any compliance requirements.
The extraction process can be done through manual extraction, or mass digital leveraging automated systems using technologies like Optical Character Recognition (OCR) and Artificial Intelligence (AI) for significantly enhanced speed and accuracy.
Centralized Expense Hub
A searchable, centralized location that collects and organizes all available receipt data to keep together.
1. Single Source of Truth
2. Quick access to relevant expense information
Expense Reporting & Analytics
Interactive dashboards and real-time visualizations turn your businesses raw receipt data into relevant information.
1. Live financial information
2. Data to base all business decisions
Automated Data Entry
Data is automatically entered into an accounting and expense management platform to reduce the administrative burden.
1. Automated report generation Fair, equitable.
2. smart expense categorization
3. Robust approval workflow
Intelligent Document Processing (IDP)
AI collects information from receipts that are cluttered and unorganized to turn receipts into organized output in whatever formats they may be.
1. Structured output in various formats
2. Clarity and use of document increased
Continuous Learning
Our AI learns over time and gets better at how to structure your receipts as well as how to adapt to your unique formats with corrections that users make.
1. Adaptive intelligence
2. Accuracy improves over time
Real-time Fraud detection
We monitor every transaction and notify users immediately with duplicate receipts and out-of-policy transactions.
1. Alerts for duplicate entries
2. Notifications to users instantly
3. Notifications for compliance and policy
Industries
Upload your receipt to instantly extract structured
data
