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In this tutorial, PDF.co's document parser is introduced as a tool for extracting specific text, such as invoice numbers, from numerous documents. Users can download or export results in formats like CSV, XML, or JSON, and can also reuse extracted text in other documents. The parser supports various document types, including purchase orders and airline tickets. The video demonstrates using the online template editor to create or edit templates for PDF or image files. A sample Google invoice is used to illustrate how to name the template and configure settings, which defaults to the English language.