Explore DocHub’s ChatGPT-assisted features to Extract Data from Receipts with AI in Food industry

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Aug 6th, 2022
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How to Extract Data from Receipts using AI in Food industry and streamline your document management tasks with DocHub

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Managing business paperwork can be burdensome and time-consuming, even with comprehensive but old-fashioned working editors. However, tools empowered with Artificial Intelligence functions can make your work several times easier. Try out DocHub to Extract Data from Receipts with AI in Food industry and get your forms ready within just minutes.

Take these steps to Extract Data from Receipts using AI in Food industry in our editor:

  1. Log in to your account or sign up if you don’t have one.
  2. Add your Receipts from your device or cloud storage.
  3. Open your file in the editor and launch its AI assistant.
  4. Click the appropriate button to Extract Data from your form.
  5. Verify the AI DocHub robot’s work and make other crucial edits wherever needed.
  6. Ensure you have everything as it should be, and save your document updates.

New technologies give more advanced possibilities for individuals and businesses in various fields, including Food industry. Benefit from AI-powered editing features provided by DocHub and complete your document management tasks effectively and with minimum time. Get started now!

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Data extraction is used to retrieve data from multiple sources like relational databases, SaaS applications, legacy systems, web pages, and unstructured data file formats(such as PDFs or text files) in order to analyze, manipulate, or store the information for various purposes.
Receipt OCR (optical character recognition or optical character reader) is the electronic or mechanical conversion of receipt images, receipt paper, and handwritten or printed text into machine-encoded text using software.
Receipts can be of various formats and quality including printed and handwritten receipts. The API extracts key information such as merchant name, merchant phone number, transaction date, tax, and transaction total and returns structured JSON data.
Invoice Extraction using NER Named Entity Recognition (NER) is a natural language processing technique that can be used to extract structured information from unstructured text. In the context of invoice extraction, NER can be used to identify key entities such as invoice numbers, dates, and amounts.
0:21 1:35 How to automate invoice data copy to Excel in 1 minute - YouTube YouTube Start of suggested clip End of suggested clip Were going to select the excel file that we created at the beginning. And well point it to theMoreWere going to select the excel file that we created at the beginning. And well point it to the document library that its located. In find the file.
Invoice data capture involves entering invoice details like invoice number, supplier name and address, project details, PO number, and other critical details for tracking goods and services provided by vendors and suppliers. Typically, businesses collect this data manually using spreadsheets or paper ledgers.
Extraction With Online PDF Converters Another way to process invoices is by means of online PDF converters also called online OCR (Optical Character Recognition) tools like Smallpdf and Cometdocs. They convert your PDFs into a text which allows you to then just copy this text and paste it where you need.
In this example, we will use Tesseract, a popular OCR engine for Python, to parse through an invoice image. Step 1: Import necessary libraries. Step 2: Read the sample invoice image. Step 3: Perform OCR on the image and obtain the results in dictionary format. Step 4: Visualize the detected text by plotting bounding boxes.

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