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.
What is extraction of receipt data?
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.
After data is extracted, it can seamlessly be organized into spreadsheets, accounting systems, or enterprise resource planning (ERP) systems–making it easy to track, report, and comply with number-based accountability requirements in digital accounting environments.
Intelligent receipt data extraction solutions designed to fit seamlessly into your software ecosystem.
Centralized Expense Hub
A searchable, centralized location that collects and organizes all available receipt data to keep together.
- Single Source of Truth
- Quick access to relevant expense information
Expense Reporting & Analytics
Interactive dashboards and real-time visualizations turn your businesses raw receipt data into relevant information.
- Live financial information
- Data to base all business decisions
- Adaptive intelligence
- Accuracy improves over time
EHR Data and Notes Transcription
Data is automatically entered into an accounting and expense management platform to reduce the administrative burden.
- Automated report generation Fair, equitable.
- smart expense categorization
- 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.
- Structured output in various formats
- Clarity and use of document increased
OCR Data Collection and Model Training
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.
- Adaptive intelligence
- Accuracy improves over time
Handwritten Data Transcription
We monitor every transaction and notify users immediately with duplicate receipts and out-of-policy transactions.
- Alerts for duplicate entries
- Notifications to users instantly
- Notifications for compliance and policy
Industries
Text data collection allows industries to analyse customer sentiment, make improvements to their services, establish compliance, and create smarter, more reliable chatbots.
Upload your receipt in PDF or image form to enable the API to extract key transactional elements.
- Input Formats Supported: PDF, JPG, PNG
- Output: Structured JSON with extracted receipt data
"Statswork delivered exactly what we needed—clean, domain-specific text data that significantly improved our NLP model performance. Their team was responsive, knowledgeable, and easy to work with."
Head of Data Science,
Fintech AI Startup
"We needed multilingual text data for a global sentiment analysis project. Statswork not only sourced high-quality data from multiple regions but also ensured it was properly cleaned and pre-processed. Outstanding service!" —
AI Project Manager,
Global Marketing Analytics Firm
"What impressed us most was the level of customization. Statswork tailored the data collection to our niche industry and delivered a dataset that was both relevant and ready for model training."
Lead NLP Engineer,
HealthTech Company
"Our social media listening tools improved dramatically thanks to the training data provided by Statswork. The annotations and filtering were spot on, and their support throughout the process was excellent." "From requirement gathering to final delivery, the process was seamless. The text data was well-structured and consistent, saving us weeks of preparation time. We’ll work with Statswork again."
Director of AI Solutions,
Enterprise Software Company
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