Sensibill, the only customer data platform designed specifically for the financial services industry, has announced the launch of its Invoice Extraction API.
Sensibill’s advanced invoice extraction solution enables small businesses to upload paper and digital invoices seamlessly and quickly. Unlike other options in the market, the process is completely automated, helping small businesses like accounting firms reduce errors, costs, and time of manual entry. The proprietary optical character recognition (OCR) and sophisticated machine-learning (ML) technology also categorizes, normalizes, and structures all key invoice fields, inclusive of over 150 data fields, including merchant, total, items, taxes, invoice number, due dates, amount dues, and more.
Sensibill’s solution is lightweight, easy to integrate and developer-friendly; financial services companies don’t need technical backgrounds or expertise to start extracting invoices within minutes.
Craig Agulnek, Vice President of Product at Sensibill, said:
“As we continue to expand the types of financial documents we analyze, new and exciting possibilities emerge for both us and our clients. With our best-in-class invoice extraction solution, which is built upon leading security and privacy standards, small businesses can streamline what has been a historically cumbersome process, making invoices easily understandable and categorizing them at the item-level in real-time. Not only does this boost efficiency and accuracy, but allows financial services companies to better understand their small business customers, ultimately contributing to revenue growth and a stronger competitive posture.”
