Receipts
Capture key information from receipts to automate manual data entry, streamline expense tracking, and improve accounting efficiency.
Overview
Receipts are commonly used in employee expense and travel reimbursements, documenting costs, payment methods, and vendor details. The Wentong Cloud Receipt Model offers a cutting-edge solution for processing receipts, supporting classification and data extraction from over 48 countries and regions. Designed to integrate with expense management systems like SAP Concur and Microsoft Dynamics 365, it simplifies expense tracking and ensures compliance with organizational policies.
This model delivers industry-leading accuracy in processing receipts across various formats and languages. It extracts essential data such as expense categories, totals, payment methods, and transaction dates, ensuring precise and complete records. The extracted data integrates seamlessly with ERP and expense management platforms, streamlining reimbursement processes and enhancing financial control.
With human-in-the-loop functionality, users can review and validate data, further improving accuracy. This verification process ensures reliable results, providing businesses with confidence in the security and compliance of their expense management workflows.
The Wentong Cloud Receipt Model is designed for efficiency, automating repetitive tasks and reducing manual data entry. It enables finance teams to focus on strategic tasks, improving productivity and optimizing the management of employee reimbursements.
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
