Easily extract data from invoices and integrate with ERP or AP Software to automate invoice processing.
No training needed. Set up your invoice OCR Extractor within 30 seconds and it takes only up to 8 seconds to process each invoice regardless of the layouts.
FormX has integrated several technologies, including image pre-processing, result post-processing, ML, LLM, and more to ensure high accuracy and minimize human intervention.
Protected by industry-leading security, FormX will not use or store any images or the extracted data to ensure data security and we work with clients to comply with local data privacy laws.
Easily integrate our invoice OCR API with any app or software via a single point of API to incorporate automated data extraction into your existing accounting workflow.
You can choose what data fields to extract and even create custom fields for your specific use case.
Our invoice OCR has a pay-per-use pricing model. You only pay for what you use and the cost depends on the volume of invoices that you have to process.
Any businesses that need to extract data from invoices can benefit from incorporating Invoice OCR API into their workflow.
Invoice OCR can process invoices much faster and your staff is free from tedious data entry, empowering them to focus on other critical tasks.
The real cost of manual data entry can be staggering. Automating data entry with Invoice OCR to significantly reduce your operational costs.
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.
Invoice fields that can be automatically extracted with our pre-built invoice model are listed below. Additional fields can be added upon request.
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.
After creating your Invoice Extractor, you can upload a sample invoice image and check the JSON output to verify the results.
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.
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.
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.
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.
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 2,000 pages. For enterprises with more documents to process, you may contact our team for more detailed discussion.
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.
