Invoice capture is a growing area of AI where most companies are making their first purchase of an AI product because it is an easy to integrate solution with significant benefits.P9SET4RL1 GE OPERATOR PUSHBUTTON 22MM 2POS PUSH PULL FREESHIPSAMEDAY - NIB
While digitization helped automate numerous processes, mostly rule based software was used in digitization. However, invoice capture involves both reading the invoice text with Optical Character Recognition (OCR) and understanding its context with machine learning.
Invoice capture (also called invoice capture, invoice data extraction or invoice OCR) is extracting structured from invoices so invoices can be automatically processed. Invoice capture has been the first back office process to be automated with AI for most companies.