Superhuman invoice parsing using AI
Why Use AI in Invoice Parsing?
Many of the traditional OCR (Optical Character Recognition) technologies developed to extract content from invoices are not optimal. They are trained to recognize data (for example a VAT number ) on specific templates or formats of documents. Each time the format changes, the solution is lost. This is why Kantify has developed Fyn, an AI solution to automatically detect and classify fields from invoices, regardless of their template, format or language. Fyn is a real accounting assistant that enables accountants and bookkeeping professionals to dedicate time to other activities.
While traditional solutions fail at recognizing new templates or template variations, our solution Fyn can understand any invoice format. Accountants will finally be able to forget about the pain of endless double-checking ! Also, Fyn can recognize more fields than traditional solutions and directly encode them into UBL.
Fyn is not only accurate but also very fast. As there is no, or little, human double checking needed, Fyn works almost in real time, and will not be blocked or slowed by high volumes of documents.
No language barrier
Thanks to AI, Fyn works in several languages. The solution works with the same level of accuracy and speed regardless of the languages in which the invoice is worded.
Fyn is developing by the minute. If you want to learn more about it, just get in touch !