News

DataSnipper Reaches $1B Valuation with $100M Funding

Blog

Automate Invoice Extraction with DataSnipper

Author:
Published:
August 30, 2023

Automate Invoice Extraction with DataSnipper

Are you tired of spending hours manually extracting data from hundreds of invoices?

Are you unable to run any automation on data extraction from invoices due to their varied formatting?

We have something for you.

Meet Invoice Extraction from DataSnipper. You can now extract all information from a bulk of invoices quickly and accurately. Say goodbye to manual data entry and hello to a more efficient workflow.

A little intro, if you’re new to us

DataSnipper is an advanced automation platform that leverages automation and standardization to increase the efficiency and quality of your audit and finance processes. Used as an Excel add-in, you can extract and verify data using DataSnipper, which also automatically creates cross-references to the source document all within one Excel workbook.

With DataSnipper, you can bid farewell to manual data extraction and embrace a more streamlined approach that embraces the way you like to work and enhances your productivity.

Meet Invoice Extraction

A standout ability of DataSnipper is its advanced automation feature: Invoice Extraction.  Extracting multiple data fields from invoices in bulk can now be less prone to errors with this advanced feature. Invoice Extraction leverages Optical Character Recognition (OCR)  to recognize and extract data fields automatically, regardless of the invoice’s formatting. Simply check off the data fields you need, and DataSnipper automatically extracts relevant data directly to your Excel workbook and cross-references each value to the source document. What more, DataSnipper’s OCR supports invoices in 27 different languages, so you can leverage its benefits to suit you work needs.

Still not convinced? Here are the top 3 reasons we think Invoice Extraction is a hidden gem that can change the way you work:

Top 3 reasons to use Invoice Extraction with DataSnipper

Simplify complex workflows

Using Invoice Extraction with DataSnipper is incredibly simple. Once you import your invoices onto DataSnipper on Excel, all you need to do is check off the data fields you want to extract - DataSnipper takes care of the rest. It automatically extracts the relevant data directly into your Excel workbook, eliminating the need for any manual data entry. Furthermore, Invoice Extraction is very powerful in collaboration with other platform features. For example, take a look at this video to see how Invoice Extraction, combined with Document Matching can automate the entire process of data extraction, data verification and cross referencing in just a few clicks!

Invoice Extraction and Document Matching implemented together to simplify an otherwise complex workflow

Be less prone to errors

One of the major challenges of manual data extraction is the potential for errors; especially when you’re working with  large volume of invoices in your audit and finance procedures. But with Invoice Extraction, you will be less prone to making  such oversight. This powerful feature uses OCR to automatically recognize and extract data fields from your invoices into your Excel workbook.

Stay organized with cross-referenced source documents

DataSnipper goes above and beyond by ensuring you always can always view data references to the source document. With each extraction, DataSnipper creates a reference to the original invoice, making it easy to review the extracted data.

An exclusive feature in our Enterprise Package, Invoice Extraction is just one example of how DataSnipper empowers audit and finance professionals to simplify complex procedures. Adopting DataSnipper will bring you to the forefront of innovation with continuous access to the latest technology. You can always trust DataSnipper to transform the way you work.

👉 Would you like to see DataSnipper in action? Book a demo today and our sales team will gladly walk you through the DataSnipper Platform!

Happy Snipping!

Become a DataSnipper Expert

Knowledge Base
Learn how to perform audit and finance use cases
Webinars
Attend our latest events