Purchase Order
Automatically extract and process key invoice data to streamline financial workflows and eliminate manual data entry.
Overview
Purchase orders (POs) are essential documents in business transactions, detailing requested goods or services, quantities, prices, and payment terms. The Wentong Cloud Purchase Order Model offers a highly efficient solution for processing POs, supporting document classification and routing from over 48 countries and regions. Tailored to global business needs, it ensures compliance with diverse tax regulations, currencies, and local purchasing standards, streamlining procurement workflows.
This model delivers industry-leading accuracy in processing purchase orders across various formats and languages. It extracts critical data such as order details, quantities, pricing, and vendor information, ensuring precise and complete transaction records. This data seamlessly integrates with ERP and other business systems, enhancing procurement management and enabling data-driven decision-making.
Incorporating Wentong Cloud’s human-in-the-loop functionality, the model allows operators to review and validate extracted data, further enhancing accuracy. This dual-verification process ensures the highest quality results, providing businesses with confidence in the integrity and security of their purchase order data.
With an efficiency-focused design, the Wentong Cloud Purchase Order Model revolutionizes traditional purchase order processing. By automating data extraction and minimizing manual entry, it enables teams to focus on higher-value tasks, increasing 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
