Receipt Recognizer
Key information extraction for any latin alphabet receipts
Transform Receipts into structured data in real-time with our Receipt Recognizer
Click and Use
No setup or retraining is required. Benefit from our powerful Receipt Recognizer trained on millions of receipts from all over the world.
End-to-end Automation
The entire extraction process is performed without any human inputs, providing you a real-time experience with a maximum level of data privacy.
Robust and Well-Proven
Achieved high extraction performances at scale in Hong Kong, Singapore, Malaysia, or any latin alphabets, across a wide range of industries and sectors.
Fast and efficient
Our recognizer works synchronously, with an average processing time of 1.5 seconds per page for pdfs and 1.1 seconds for images.
What is a Receipt Recognizer?
Receipt Recognizer is a software technology transforming unstructured receipts, such as pdfs or images, into structured data, backed by Optical Character Recognition (OCR). This technology is mainly used to automate receipt scanning in order to reduce the need of manual data entry.
Optical character recognition (OCR)
OCR refers to technologies capable of detecting and reading text from images or documents in order to transform them into machine-readable format.
Receipt Recognizer vs Traditional OCR
The traditional OCR commonly refers to the generic problem of text detection and recognition. When associated with a type of document such as Receipts, it has evolved into Receipt Recognizer, which focuses on key information extraction instead of generic text extraction. It's also very common to transform it and apply on other document types. Examples: Invoice Recognizer or Passport Recognizer.
Receipt scanning
Receipt scanning refers to the entire process of collecting and processing receipts using software or web applications. In order to extract data from the unstructured receipt, Receipt Recognizer can be added in the process, and the result can be validated by human or not.
Technologies Behind Receipt Recognizer
Receipt Recognizer combine the technologies of Computer Vision (CV) and Natural Language Processing (NLP) to detect and recognize text inside the receipts. Nowadays, most of those technologies are based on machine learning or deep learning.
Receipt Recognizer Demo
A real example to show the Receipt Recognizer in action
Extracted Receipt Data
Transform receipts in any format, including scans, photos and pdfs, into usable data for your company
Frequently Asked Questions about MachIDP's Receipt Recognizer
How can I test the Receipt Recognizer ?
To test our Receipt Recognizer, you only have to create a free account, and we will arrange a professional to communicate with you to cater your requests.
Is MachIDP's Receipt Recognizer free to use ?
A free plan is available to everyone. All you need is to register with us and contact us.
What is the accuracy rate of the Receipt Recognizer ?
MachIDP’s accuracy is above 90%, with precision above 97% for most of the fields. These performances are based on a data set including more than 5,000 receipts.
What's the response time of the Receipt Recognizer ?
The processing time is around 2 seconds per page for pdfs and 1.5 seconds for a receipt image.
We keep shortening this processing time with a target of below 500ms to achieve.
Try out our Receipt Recognizer
Try out our products for free. No commitment or credit card required. If you want a custom plan or have questions, we’d be happy to chat.