ReceiptsAI VS OCR Invoice AI

ReceiptsAI Pricing

OCR Invoice AI Pricing

ReceiptsAI

• Smart Capture: Turn any document into actionable data
• Instant data extraction: Extract data for receipts, invoices, and statements
• Intelligent Organization: Your business expenses, organized automatically
• Automatic Transaction Categorization: categorizes every transaction automatically
• Data Export: Export everything to Excel or CSV with one click
• Bank-Level Security: Secure US-based storage with enterprise-grade encryption
• AI Data Extraction: Advanced OCR and AI algorithms extract key information with high accuracy.
• Smart Categorization: Automatic expense categorization based on merchant and transaction patterns.

OCR Invoice AI

• AI OCR Extraction: Processes PDFs, scans, images, and docs for accurate data extraction.
• Template-Free Technology: Handles multiple vendor invoice formats without custom templates.
• Automated Email Parsing: Processes incoming invoice emails and their attachments automatically.
• Custom Rules: Allows user-defined extraction rules for specific vendors or fields.
• Seamless Imports: Imports invoices from desktop, shared drive, or email.
• Automated Exports: Sends extracted data directly to Excel, Google Sheets, QuickBooks, or ERP.
• High Security: Utilizes AES-256 encrypted data processing with strict data privacy policies.

ReceiptsAI Use Cases

• Automate data entry from receipts, invoices, and statements
• Generate expense reports
• Categorize business expenses
• Reconcile bank and credit card statements
• Track purchase orders
• Process retail and store receipts with line item extraction
• Handle PDF invoices and digital receipts
• Process restaurant receipts including tips, splits, and itemized expenses

OCR Invoice AI Use Cases

• Automating accounts payable data entry for finance teams.
• Processing and extracting data from bulk invoice PDFs or scans.
• Streamlining invoice management for small businesses handling diverse vendor formats.
• Automatically parsing invoices sent to a shared email inbox.
• Exporting invoice data to accounting or ERP systems for reconciliation and reporting.

ReceiptsAI FAQs

• Is my data private?

  Yes. We take privacy very seriously. Your data is stored securely and will never be shared with third parties.
• How accurate is AI data encoding?

  Conversion quality depends on the quality of the photos and the complexity of the receipt. High quality photos can be converted with high accuracy.
• What data is processed from the receipts?

  We collect the merchant name, merchant address, date, total amount, sub total amount, tax amount, merchant tax identification number and merchant category.
• Where is my data stored?

  Data is stored securely on servers in the United States, by vetted, highly secure, third-party partners of us.
• Which countries are supported?

  At the moment, only receipts in English are supported. Our system has been tested on receipts from the US and Canada. We are working to support other languages soon.

OCR Invoice AI FAQs

• Does OCR Invoice AI support scanned and searchable PDFs?

  Yes, OCR Invoice AI can process both scanned and searchable PDF invoices for data extraction.
• Where can the extracted invoice data be exported?

  Extracted data can be exported to Excel, Google Sheets, QuickBooks, CSV, or directly into an ERP system.
• How is data security ensured for sensitive invoice information?

  All data is encrypted using AES-256 encryption during both transmission and storage, with privacy policies ensuring no data is used for AI training.
• Can the tool handle different vendor invoice formats without templating?

  Yes, the AI-driven solution accommodates various invoice layouts without the need for predefined templates.

Uptime Monitor

Uptime Monitor