Accounts Payable Automation
100% Invoice Data Capture. AI parser to extract invoice details at header and line levels.
Format agnostic, ML-based data capture. Supports multi-format invoices and delivers high accuracy.
100% Invoice data capture accuracy for all machine readable invoices.
Multilingual invoice data capture. Supports 15+ global languages.
Automatically split multi-invoice PDF and classify invoices and supporting documents
Capture Purchase Order (PO) number at the line-level and link to the respective PO lines.
Integrates with Email, EDI, SFTP, Supplier Portal, etc. to receive invoices in all formats
Invoice capture software automates the extraction of data from invoices using OCR (Optical Character Recognition) technology. It transforms unstructured invoice information into structured data that can be further processed in accounting systems.
Invoice capture software works by scanning or receiving digital invoices and extracting key data points such as vendor names, invoice numbers, amounts, and dates. AI or OCR technology is used to convert this data into a format that can be easily processed by accounting systems.
Auto-invoice capture enhances efficiency by eliminating manual data entry, reducing errors, and speeding up the invoice processing cycle. It accurately captures invoice data, preparing it for immediate use, thus saving time and improving the overall accuracy of financial records.
Key features include high-accuracy OCR or AI data extraction, multi-format support (PDFs, emails, paper invoices), integration with accounting systems, error correction capabilities, ability to parse global invoices, and provide real-time analytics. These ensure reliable and efficient invoice data capture.
To capture information from an invoice, you can use automated invoice capture software. The software scans the invoice, whether it’s in digital or paper form, and extracts essential data such as the invoice number, date, and amount. This data is then converted into a structured format that your accounts payable system can process effectively.
HighRadius’ ML-powered data extraction is format-agnostic and captures data accurately from different types of invoice formats.
Poor-quality scans, blurred images, or handwritten text can reduce the accuracy of OCR-based extraction. HighRadius’ AI invoice data capture combined with the OCR (Optical Character Recognition) technology helps you achieve more than 90% accuracy at header and line level.
Yes, HighRadius accurately extracts invoice data in 15+ global languages and currencies to help enterprises manage their accounts payable in multiple geographical locations.
HighRadius integrates with all systems and channels that enterprises commonly use to generate and receive invoices like email, EDI, SFTP, supplier portal, and more.
The system captures invoice data almost immediately after receiving it, integrating through channels like email, EDI, or supplier portals. The extracted data is quickly added to the AP processing queue, providing near real-time processing.
