Document Extraction
Document Extraction removes manual data entry from your workflow, slashing processing time. Our AI reads a document and extracts the data ready for review.
What this service does
Document Extraction uses Optical Character Recognition (OCR) technology to read a document. Our AI takes data from a document, and relays it for the user to check and confirm.
With high levels of accuracy, this service cuts processing time, and removes manual data entry from people’s workflows.
Market-leading accuracy
Document Extraction delivers market-leading accuracy in its results. By layering machine learning algorithms with OCR, it can identify the required fields from a range of documents formats.
Typical extraction accuracy is around 90%, but as customers continue to use Document Extraction, it learns from feedback, so accuracy constantly improves.
Save bookkeeper time
We remove manual data entry from the workflow entirely.
Reduce errors
By automating data extraction with Sage Ai, customers see fewer errors making it into their accounting systems.
Use cases
From extracting invoice data to supporting the logistics industry, this service covers a range of valuable use cases.
Invoice discounting and factoring
Customers can use Document Extraction to lift invoice information and send to lenders as proof of income. Letting them generate finance and support their business. By automating this part of the process, they’re able to save time and focus on more important tasks.
Accounts payable
Customers are slashing their invoice processing time in half with Document Extraction. We’re combatting the number 1 pain point for customers in the accounts payable process: time-consuming manual data entry. Customers no longer need to manually enter data now that we get the data ready for them to review.
Logistics
We’ve worked with a tech partner to expand the functionality of Document Extraction. With a focus on the logistics industry, we now support bills of lading and rate confirmation documents. Delivering the market-leading accuracy of our AI to new industries.
Register your interest
If you’re ready to use Document Extraction, or you have a new use for our service, then we’d love to hear from you. Register your interest by completing the form.