Expanding Data Capabilities with Sensibill’s New Invoice Extraction API
The new feature enables quick, efficient, and accurate extraction of invoices at scale.
We understand that managing and organizing invoices has historically been a cumbersome process, 😅 which is why we’re excited to share that we’re helping businesses organize and interpret invoices in a more impactful way.
Accurate, streamlined, and real-time invoice extraction 🧾
Scalable across merchants and various invoice formats, Sensibill can help you do more with your invoice data. Unlike other options in the market, the process is completely automated and streamlined, helping small businesses like accounting firms reduce errors, costs, and time of manual entry.
The proprietary optical character recognition (OCR) and sophisticated machine-learning (ML) technology also categorizes, normalizes, and structures all key invoice fields, inclusive of over 150 data fields, including merchant, total, items, taxes, invoice number, due dates, amount dues, and more.
Understand your customers 🤝
As a result, financial services companies gain clean, structured outputs in industry-standard formats, providing unprecedented insights into their small business customers’ psychographics, behaviors, and financial needs.
Companies can then use these insights to offer greater visibility into customers’ business expenses, further surfacing proactive savings, recommending additional products and services, helping them prepare for tax season, and more.
Craig Agulnek, our VP of Product, notes the benefits of implementing Invoice Extraction:
“Not only does this boost efficiency and accuracy but allows financial services companies to better understand their small business customers, ultimately contributing to revenue growth and a stronger competitive posture.”
In a time when customers expect personalization, the benefits of leveraging invoice data cannot be ignored.