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The PDF.co document parser efficiently extracts specific text, such as invoice numbers, from multiple documents, allowing users to download or export results in formats like CSV, XML, or JSON. It supports various document types, including purchase orders, airline tickets, lab reports, and insurance claims. The tutorial then introduces the PDF.co online template editor, where users can create or edit templates for PDFs or image files. Users can select document parser objects and configure template options. The example given is a sample Google invoice, labeled "demo," which contains essential company and client information, invoice details, and item tables, with English set as the default language.