what is invoice ocr invoice ocr is the process of extracting data fields from an invoice. when someone says “invoice ocr” they usually refer to a process which consists of 3 steps. step 1: ocr (optical character recognition) is the conversion of an image or a pdf to text. text inside the image file can be either typed font or handwritten. step 2: the process of extracting fields from the text. some invoices can contain over 110+ different fields that need to be extracted. also each product or service line on the invoice can be structured using 5-10 columns. step 3: data enrichment and fraud detection. many invoice ocr apis simply skip this very important step, but not veryfi. veryfi apis do all these 3 steps with accuracy rates surpassing humans.
Min Plan: $500/month
Max Plan: n/a