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Parsing expenses with Artificial Intelligence

Today, every company has to integrate a huge number of expenses documents in their accounting: receipts, bills, expenses reports… all of these documents have to be classified, read, and their data manually integrated into accounting software. This process is long, prone to errors, and a significant amount of time is spent on this task with low added value.

Luckily, this is a problem that can be solved with artificial intelligence. Sagacify trained an AI algorithm to automatically process all kinds of expense documents. Our algorithm first classifies the document and then extracts all relevant data, without using templates. This solution is based on a deep learning algorithm that understands the expense documents graphically as well as semantically, just like the human brain does. As a result, our algorithm's performance is independent of the format, template, or even the language of the expense documents.

The time saved by automating this task quickly adds up and represents significant cost savings for any company dealing with a large volume of expenses.

Do not hesitate to reach out if you are curious to discover how Sagacify can now help you automate your incoming document stream (invoices, receipts,...).

Are handling receipts a significant part of your workload?

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