What invoice OCR does
OCR (Optical Character Recognition) combined with AI doesn't just read textβit understands document structure:
π Input
- β’ Scanned paper invoices (PDF, JPG)
- β’ Email attachment invoices
- β’ Photographed receipts
- β’ Digital PDF bills
π Output
- β’ Vendor name & address
- β’ Invoice number & date
- β’ Due date & payment terms
- β’ Line items with amounts
- β’ Tax & totals
How BBos AI extraction works
The Extraction Process
Accuracy & edge cases
β High Accuracy
Modern AI OCR achieves 95-99% accuracy on clean, digital PDFs. Even scanned documents typically hit 90%+ with good quality.
β οΈ When to Review Carefully
- β’ Handwritten invoices or notes
- β’ Poor quality scans or photos
- β’ Unusual layouts or languages
- β’ First invoice from a new vendor
ROI of AI document processing
Reduction in data entry time
Fewer manual entry errors
Average time per invoice (vs 8+ manual)
For a company processing 200 invoices/month, that's 20+ hours saved monthlyβtime your AP team can spend on analysis and vendor relationships instead of data entry.