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To extract data from a document, if the data is in a fixed position, we can select the surrounding area and format the results by removing blank spaces. However, if the data is in a variable position, we skip the area selection and capture the value using keywords. This involves adding a specified start position filter and using the text match option with the invoice number keyword. Additionally, we apply a specified end position filter with the end of line option. Formatting for results can still be applied to remove blank spaces if necessary.