Invoice
Automatically extract and process key invoice data to streamline financial workflows and eliminate manual data entry.
Overview
Invoices are essential documents in business transactions, detailing costs of goods or services, payment terms, and amounts due. The Wentong Cloud Invoice Model delivers an efficient invoice processing solution, supporting classification and routing of invoice documents from over 48 countries and regions worldwide. Leveraging document processing capabilities across six major regions, it ensures precise handling of diverse tax requirements, currencies, and business regulations, helping enterprises optimize their financial workflows.
The Wentong Cloud Invoice Model achieves industry-leading recognition capabilities, accurately processing invoices in various formats and languages. It extracts key data points (including headers, footers, and line item details) to ensure transaction data accuracy. The extracted data seamlessly integrates with ERP and other business systems, effectively supporting financial management and decision-making.
By incorporating Wentong Cloud’s human-in-the-loop functionality, the model enables operators to review and validate extracted data, further enhancing result quality. This dual-verification approach ensures accuracy while providing users with greater confidence and flexibility, thoroughly protecting enterprise financial data security.
Embodying an efficiency-first design philosophy, the Wentong Cloud Invoice Model revolutionizes traditional invoice processing. By reducing manual data entry and automating repetitive tasks, it frees teams to focus on strategic work, improving productivity and optimizing resource allocation.
Benefits
- Multi-format Support: Processes various formats including scanned images and PDFs, delivering superior OCR conversion and data extraction accuracy.
- Region-specific Capabilities: Features targeted development and optimization for invoices from Japan, Vietnam, Thailand, China, Europe, and other regions, incorporating local tax rates, date formats, currencies, and regulatory requirements.
- High-precision Key Data Extraction: Incorporates pre-trained AI models for automatic extraction of core invoice fields, including invoice dates, numbers, vendor information, Purchase Orders (POs), amounts, taxes, and line items. See skills documentation for complete field listing.
- Business Data Matching: Enables automatic detection and matching of business units, vendors, and purchase orders while integrating with existing databases for enhanced validation.
- Localized Tax and Validation Rules: Features built-in tax solutions and business rules for various regions, supporting automatic validation (e.g., mandatory field checks, tax calculations). Additionally supports customized business logic implementation as needed.
- Real-time Learning Capability: Achieves rapid learning and model optimization through immediate user corrections of extraction results, continuously improving IDP system accuracy.
- Multi-invoice Processing Support: Combines with invoice splitting capability to handle documents containing multiple invoices, expanding use case scenarios.
Specifications
Chinese (Simplified, Traditional), Japanese, Korean, Thai, Vietnamese, Hindi, Malay, Arabic, English, French, German, Spanish, Russian, Italian, Portuguese, Dutch, Swedish...
Australia, Canada, China, Denmark, France, Germany, Greece, Hong Kong, India, Ireland, Japan, Malaysia, Netherlands, Norway, Philippines, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom, United States, Vietnam...
Documentation
- Supported languages
- API Reference
- Releases
