Card image cap
Card image cap Card image cap

Optical Character Recognition

Two separate open source OCR engines were deployed and the output automatically compared for each invoice scanned; in cases where the engines differed in their output, the invoice and the mismatch was sent to an exception queue for manual arbitration and resolution.

Card image cap
Card image cap

Template & Content Recognition

Machine learning models were deployed to learn the invoice templates of multiple suppliers leading to faster OCR of key data points from the invoices. Data points extracted in this step were augmented with metadata from the client’s database to automatically tag and categorize the invoices belonging to different product categories, vendors, amount buckets and time periods enabling better and more intuitive analysis by the client’s management.

Outlier

Detection

Anomaly detection and Error detection algorithms were deployed on top of the OCR solution to derive maximum benefit from automation of the process; potential fraudulent invoices, duplicate invoices and fat-finger errors / typos were reduced, leading to increased confidence in the automated payout solution.

Card image cap

Want To Develop Something Like This ?

Let`s Talk

Robotic Process Automation

Automation Anywhere was the RPA tool used to stitch together the Rules Engine, the Imaging and Upload system and the ML Processing and Payments Processing systems for the client.

Efficiencies Delivered

Deployed a rules engine based on time series analysis to automatically detect problematic events of interest and to generate alerts based on the detected events. The alerts were automatically sent as mobile app notifications and as emails.

Visual
Delivered

The data points and analytics captured from the invoice processing were presented to client management using a Tableau workflow to enable ad hoc reporting and analysis

Get In Touch