Invoice

Invoice OCR API

Easily extract data from invoices and integrate with ERP or AP Software to automate invoice processing.
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What is Invoice OCR API?

The Invoice OCR API from FormX.ai is a sophisticated tool that employs OCR, machine learning, and natural language processing to accurately extract crucial information from invoice images or files. This technology goes beyond simple digitization by transforming unstructured invoice data into structured data pairs, ready for analysis or integration into other applications.

How Does Invoice OCR API Work?

Utilizing the FormX.ai Invoice OCR API is straightforward thanks to our pre-built invoice extractor. Follow these steps:
Create from the Pre-built Extractor
Leverage our existing invoice extractor to accelerate the process.
Upload Your Documents
Easily upload your invoice images or files.
Test and Integrate
Verify the extractor's accuracy through testing, then seamlessly integrate the API into your system for automated data extraction.

Turn Invoice Into Structured Data With Our Invoice OCR

Improve Efficiency & Onboarding Experience
Eliminate manual data entry with Identity Document OCR to provide better onboarding experience and improve operational efficiency.
Improve Efficiency & Onboarding Experience
Automate ID data extraction with our proprietary technologies to eliminate human errors and increase data accuracy.
Decrease Costs of Manual Data Entry
Replace manual data entry with Identity Document OCR to reduce unnecessary costs.

Speed Up Application & Verification Process Across Industries

Public Sector
Streamline document handling and data extraction for insurance companies with FormX.ai. Protect sensitive information, automate outpatient claims, and analyze asset portfolios.
Finance
Automate data extraction from financial documents, enhance security with PII protection, and gain valuable insights for asset portfolio analysis.
Telecommunication & More
Improve accuracy and efficiency in your retail business with FormX.ai. Automate receipt data extraction, centralize customer information, and make accurate product recommendations.

Incorporate Invoice OCR API Into Existing Workflows

Any businesses that need to extract data from invoices can benefit from incorporating Invoice OCR API into their workflow.
Accounts Payable Automation
Automatically extract data from your invoices to automate your AP process.
ERP Software
Integrate FormX’s Invoice OCR with any ERP software to expedite your financial and administrative processes.
RPA Software
Combine the power of Invoice OCR and RPA to automate invoice processing.

Automatically Capture Invoice Data for You To:

Increase Productivity By 10x
Invoice OCR can process invoices much faster and your staff is free from tedious data entry, empowering them to focus on other critical tasks.
Decrease Processing Costs
The real cost of manual data entry can be staggering. Automating data entry with Invoice OCR to significantly reduce your operational costs.
Reduce Errors
No more human errors caused by stress and fatigue as the entire process can be done without any human in the loop. Achieve high accuracy powered by AI & ML.

Automate Invoice Data Extraction with OCR & ML

Schedule a demo with us and learn more
Schedule Demo ->

Extract Important Fields from Invoices with OCR and AI

Step 1: Set Up Your Invoice Extractor
On the web portal, you can create your own Invoice Extractor and select what data items, such as invoice number, PO number, vendor’s address, total amount, and more, that you wish to extract.
Step 2: Test The Result
After creating your Invoice Extractor, you can upload a sample invoice image and check the JSON output to verify the results.
Step 3: Integrate FormX with your AP Software or use the Desktop APP for Batch Extraction
Once you’re done, you can integrate the Invoice Extractor with your ERP or AP software to automate AP processing. If you want to get a CSV file instead, you can use our Desktop App for batch extraction. Instructions can be found in our documentation page.

Extract All Fields You Need to Process Invoices

Invoice fields that can be automatically extracted with our pre-built invoice model are listed below. Additional fields can be added upon request.

Frequently Asked Questions

About Invoice Recognition and Extraction API
What is Invoice OCR API and how does it work?

Invoice OCR does more than simply converting images of invoices to editable and searchable texts. Invoice OCR is powered by machine learning and is capable of extracting data from invoices as key-value pairs and output structured data that can be directly imported into other software to automate invoice processing.

Can FormX scan and extract line items on invoices?

Yes, our invoice OCR API is capable of extracting line items to show the name, amount, quantity, and unit price of each line item or product.

Can FormX be integrated with other systems for accounting or robotic process automation (RPA)?

Definitely. FormX can be easily integrated with different systems or software, including accounting or ERP software, to automate data entry. Furthermore, FormX can also be integrated with the UiPath workflow to bring our advanced extraction models into your robot process.

What are the pricing plans of FormX?

FormX provides free trial for users to test out our features and process the first 100 pages for free. For monthly subscription, our Starter plan costs USD $299 / month, allowing you to process up to 3,000 pages. For enterprises with more documents to process, you may contact our team for more detailed discussion.

Is it possible to modify the results returned by the Invoice OCR API?

Yes, we’ve developed a tool called “Formatter” that allows you to add several steps to automatically modify the extracted data according to your needs. You can remove certain characters, keep only one language, and declare data format to minimize human intervention.

Get Started with FormX.ai

Not sure how to utilize FormX.ai in your business scenario? We’ve helped hundreds of companies implement their IDP strategy and boost their business productivity.
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