Extracting Data From PDF Invoices With AI

Extracting Data From PDF Invoices With AI

Publish date
Mar 13, 2024
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Are you tired of dealing with endless stacks of invoices and receipts?
Would you like to make your processes related to purchases, orders, and finances more time and cost-effective?
Stress no more! Technology is here to help you.
Today, I want to talk to you about an AI tool that is the solution you were looking for.
This tool is brought to you by PDF.ai, and its name is the Invoice AI Scanner.

What is an invoice AI scanner?

 
Our new invoice AI scanner is a practical web tool designed to speed up data entry processes.
Just think for a second -  how much does it take to find, capture, and send the information in one invoice if you have between three and five pieces of data you need to get?
Imagine if you needed to process 30 invoices (a small number for some people).
 
If that is your case, or if you are processing a lot more documents per day, a free tool like this could be a game-changer for you and your team.
If you have multiple team members doing this type of work, then our invoice AI scanner is a no-brainer.
 
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Since it allows you to access any information from your invoices in JSON format with just a few clicks, it could help you:
 
  • Spend less time and money
  • Stress a lot less
  • Minimize errors
  • Automate to optimize even more
  • Integrate your data entry processes into larger-scale operational systems
  • And more

What can I do with your invoice AI scanner?

There are many applications for a tool like this.
Below, I share some use cases to give you an idea of what can be achieved using our invoice AI scanner.

Using our invoice AI scanner to manage your small business finances

 
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Being a small business owner or solopreneur is literally like having multiple jobs at the same time.
We want to make your life easier.
There’s no need to spend your Friday afternoon performing data entry tasks.
Use our invoice scanner to capture data from:
  • Invoices you sent to your clients (for tax and administrative purposes)
  • Invoices you paid to your suppliers (for tax and administrative purposes)
  • Documents like receipts, sales/purchase orders, and more.

Use our invoice AI scanner to help with your purchase management process

 
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The purchase management process is complex when you are dealing with multiple clients, and these clients are making numerous orders per day.
We want to help you get a break or at least a breeze of fresh air.
Our invoice AI scanner can help you speed up the gathering and capturing of your data. Since you can also process the data using our API, you could organize these purchase orders by date, client, or product type without human effort.

Using our invoice AI scanner to reduce your back office costs

 
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Let's say you have a team with ten salespeople, and each salesperson places ten orders daily.
We are talking about 500 orders a week on average.
Processing is not only organizing the invoices.
Your administrative clerks need to download, read, capture, and verify the data for each document.
Although you may not notice it, this generates heavy back-office expenses if orders are processed manually.
Your costs could be considerably reduced if you implement our tool in your process.
You could start by implementing a semi-automated method using our tools or make it even sharper using API to improve and expand the process.

Getting started

Are you ready to test our invoice AI scanner?
Wait no more!
To access the PDF.ai tool, head over to this site here.
 
Here is how it works:
 
  1. Select the invoice you want to scan by clicking “Click to upload or drag and drop.” You can only access one invoice per run, with a maximum of six pages per invoice.
 
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  1. Once you upload your invoice to the AI scanner, all you have to do is ask for any data you wish to extract from your invoice or receipt after uploading it.
 
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Everything will be sent in JSON format using our AI tool.
These are the instructions for connecting your responses and chat history using API.
 
The invoice AI scanner is brought to you by PDF.ai
Learn more about our other free tools.