Leobit
AI-Powered OCR for Invoice and Receipt Scanning & Data Extraction
Our team has successfully engineered a proof of concept that transforms unstructured invoice and receipt information into clear, actionable insights. Powered with Azure Document Intelligence, the tool automatically performs invoice and receipt data extraction , which includes critical financial data, such as totals, line items, and taxes. The solution uses a custom classification model to identify the type of document to be parsed (either invoice or receipt). This technology can be adapted for data extraction from virtually any type of document supported by Azure Document Intelligence, for example, legal contracts, identity proofs, resident permits, health insurance cards, etc.
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Related Industries
This AI-powered receipt and invoice scanner can be applied to a wide range of industries. It improves accuracy in expense management and can be expanded with pre-built or custom parsing models for different types of documents across domains.
Fintech
Enhance expense tracking, budgeting, and transaction categorization by instantly extracting financial data from receipts.
Legaltech
Automate expense documentation and compliance reporting by digitizing and structuring client-related receipts by using invoice and receipt scanner with OCR.
Real estate
Easily manage and audit property-related expenses, such as repairs, staging, or supplies, by parsing and organizing receipts.
E-commerce
Simplify returns, customer support, and warranty claims by automatically extracting order and payment details from receipts.
Healthcare
Digitize and verify patient reimbursements, co-pay receipts, and pharmacy purchases for faster processing of medical expenses.
Insurtech
Speed up claims processing and fraud detection by using OCR for invoice processing to extract structured purchase and tax data from uploaded invoices.
Logistics
Improve cost tracking and shipment documentation by extracting fuel, toll, and delivery expenses from driver and vendor receipts in real time.
