Invoice Data Capture
In today’s increasingly complex world with multitude of industries and processes within them, there are several challenges that arise while processing an invoice.
Complexity: Industry specific invoicing: Invoice
can be multi-line
or multi-page depending
Variations and Quality:
Vendor variations of
invoices and low quality
makes it difficult to process
Buyer goes through:
Delays in payment and duplicate of payments are routine problems that buyers face
A complete NO TOUCH Solution
Magic Invoice helps to streamline and automate the invoice processing journey. Invoices can be ingested directly from emails and accurate data capture powers the straight through invoice processing. The verification and approval process ensures that the invoice data matches with business data points and automatically routes to the right people at different stages of AP - Account Payable.
Magic Invoice APIs provide a seamless integration with ERP, CRM and other core systems making it a zero-touch system from email receipt to payment processing.
The core AI algorithms help address the complex scenarios like scanned quality issues, multi-page, multi-line table extraction and innumerable variations depending on the industry, business or type of expense.
Magic Invoice's CDR (Cognitive Data Relationship) Graph Technology is powered by 5 algorithms:
These algorithms make document processing so unbelievably easy that we simply had to call it Magic Invoice.
Contextual Quality Enhancer
Our proprietary AI model enhances quality of the documents across multiple quality parameters allowing better extraction accuracy and document coverage
Contextual Document Identifier
Our proprietary AI pipeline to intelligently improve, classify/identify invoices from the incoming documents across various formats and quality standards
Contextual Document Capture
Provides an ensemble of AI pipelines to comprehend and capture entities across images and text from visually rich Invoices with highest accuracies, going beyond template based OCRs and rule based RPAs
Contextual Table Detection
Our purpose built deep learning model is trained on various table structures and complexities to provide Multi-Page, Multi-Line capture of table data critical to power the last mile success across various Invoice user journeys
Contextual Document Object
Provides capabilities to build contextual visual segments and identify the nature of semantic and hierarchical relationships between the entities and help define the normalised document schema for consumption
An intelligent solution to fully
automate manual, error-prone
data entry processes
A highly scalable solution to
significantly improve processing
time, speed and costing
Automation of accounts payable to
eliminate payment errors and late
Operation costs reduced by 60% along with real-time processing of invoices
Improve efficiency by reducing invoice processing time by 80%
With human in the loop operation, it ensures systematic exception handling which reduces errors and optimises human efforts
Excellence that is powered by the magic of our capabilities
Intake of documents
through sources such as
Emails, Uploads, SFTP, etc.
Contextual identification of
invoices amongst various
types of documents
Intelligent and relevant data
extraction from the invoices at
an entity level, using AI-ML
3 way match of captured
data with purchase data
Invoice approval setup
Seamless integration with downstream consuming system via APIs
Discover the feature-rich functionality of Magic Invoice
Invoice Data Capture
28+ AI Models
Capturing of invoice data from single/multi-page
documents through multi-channel input sources
and wide variations through an intuitive drag and
drop/Email listening/SFTP Folders/Hot Folders
Human in Loop Capability
An AI powered, cloud-native intelligent document processing platform
Doc2API captures contextual information from unstructured and semi structured documents. It leverages AI technologies like Computer Vision, ML/Deep learning, NLP to classify, capture, validate, and enrich information from a wide variety of documents across a variety of use cases, business functions and industry verticals.
Doc2API, as the name suggests provides consumable APIs for the document type trained through the platform.
Magic Invoice is powered by the Doc2API platform and its associated capabilities.
Start transforming your Invoice Processing today with the ease and flexibility of Magic Invoice. Discover what Magic Invoice can do for your business by signing up now.
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