A data extraction service is a specialized service that automates the extraction of data from invoice documents stored in formats such as PDF, PNG, JPEG, ISDOC or TIFF. Using technologies such as OCR (Optical Character Recognition), OMR (Optical Mark Recognition) or ICR (Intelligent Character Recognition), this service can automatically recognize and extract text from an invoice and convert it into machine-readable data. This data is then transferred to the company's information or accounting system, allowing businesses to automate invoice processing and eliminate manual data entry, thereby increasing efficiency and reducing error rates.
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