Sensibill launches smart technology for rapid receipt data extraction
Receipt data extraction through smart technology on an phone. Illustration by: Sensibill
When it comes to your receipts, you need to be able to extract data quickly, accurately and at scale.
But not just any data - you need access to SKU-level data that dives beneath the surface of your receipts so you can drive better digital engagement with your users while improving your receipts experience.
So, the team here at Sensibill got to work developing a digital solution that would enable you to do just that. We’re proud to introduce the launch of our latest solution, Receipt Extraction API!
Izzy, our Technical Product Manager, explains why our API is a #win for both businesses and the Sensibill team.
“We are so proud to be launching the Receipt Extraction API. By unlocking one of our core competencies in a straightforward, intregrator-friendly way, we can expand our addressable markets and support even more use cases. It's a simple process with a robust result - we can extract over 150 data points from a single receipt, down to the SKU-level.”
Our machine learning-based solution quickly automates and streamlines the transcription of receipts, allowing you to deepen user engagement and loyalty at scale (all while saving time and boosting efficiencies across your organization).
Our Receipt Extraction API benefits a broad range of businesses that need to quickly and accurately extract information from receipts that moves beyond surface-level data. For example:
Enterprise accounting firms can use our API to reduce costs and maintain profitability, despite economic pressures
Financial services companies like accounting software and PFM providers can gain access to SKU-level data to drive personalization, using our technology to differentiate themselves from the increasingly crowded competitive landscape
Loyalty, rewards, and market research companies that need near-perfect extraction capabilities can leverage our Receipt Extraction API to help deliver rewards and value back to users more quickly, increasing efficiencies and improving product quality and accuracy
The entire team here at Sensibill couldn’t be more proud to have developed an API that not only reduces costs and helps remove redundancies in everyday business operations - it also aids businesses in helping develop better relationships with and offerings for their customers. Corey, our CEO and Co-Founder breaks down why our latest digital solution comes at a crucial time for businesses and their need for better data.
“There is a new urgency around cost savings, efficiency, digital engagement and innovation in otherwise mature markets. Our Receipt Extraction API offering uses smart technology to extract receipts in bulk with speed and precision. At Sensibill, we are proven experts in SKU-level data; it’s what we’ve focused on for the past seven years and why leading institutions and digital banking and core providers across the globe have partnered with us. We are excited to help a broader range of organizations as they work to quickly and efficiently unlock the power of SKU-level data to drive deeper digital engagement and loyalty with their customers.”
Our Receipt Extraction API is powered by sophisticated, industry-leading multi-brain processing, leveraging multiple OCR engines and machine learning models to maximize accuracy. Since 2013, we’ve paired our deep SKU-level data expertise with our leading AI and machine learning technology to extract more data than anyone else in the market – and faster.
The solution is intuitive and easily deployable, allowing business to quickly test and implement our API. Developer-friendly documents and instant testing are also readily available. And, on top of that, our team is here to provide strategic account management support so we can help our customers and best position their businesses for success.
We are excited to launch this solution, offering our best-in-class businesses extraction capabilities at the best cost, all in a highly supportive and engaging package.
Check out the full release HERE and let us know if you have any questions or want additional information about our Receipt Extraction API.