Financial document OCR

Keep track of the changes and updates for the Financial document OCR API.

Version 1

⚡️ Features and Changes (January 30th, 2024)

  • 🚀 Integration of a proprietary language model in the algorithm pipeline: LiLT
    LILT: A Simple yet Effective Language-Independent Layout Transformer for Structured Document Understanding.
    LiLT's design combines textual content with layout structure. This means it doesn't just read the text but also understands how the text is organized within the document. For instance, it recognizes headings, paragraphs, tables, and other structural elements, which is a crucial aspect of context awareness in document processing.
    The integration of this new language model in our pipeline helps us achieve better accuracy, and more flexibility when adding new supported fields.
  • 🔥 Strong improvement on supplier_name, supplier_address, and supplier_company_registrationson invoices
    The main focus of this release was to improve drastically the supplier information extraction.
    We measured a decrease in error rates of:
    • 42% for **supplier_name**
    • 10% for **supplier_address**
    • 10% for **supplier_company_registrations**
      Moreover, the integration of the LILT offers more robustness in terms of languages thanks to its language-independent component and will help us improve all other fields in the next releases.
  • ✨ New field: total_taxon invoices
    The API is now extracting the total tax information, returned as a number. It corresponds to the total tax explicitly written in the document.
  • 🔥 General improvement for all fields on invoices
    More training data was added to our training set, including different geographies and more variability. We’ve measured an improvement in accuracy for all extracted fields.

⚡️ Features and Changes (September 1st, 2023)

  • New feature: Raw Value available for both Supplier Name and Customer Name. The Raw Value extracts the name without post processing nor formatting. It can thus be different from the Value.

⚡️ Features and Changes (May 23rd, 2023)

New extracted field:

  • supplier_phone_number

Updated fields for receipts:

  • supplier_address is now available for receipts
  • supplier_company_registrations is now available for receipts
  • line items is now available for receipts but limited to the following features: description, unit_price quantity, total_amount

⚡️Feature: First Release (January 17th, 2023)

Extracted fields:

  • total_amount
  • total_net
  • taxes
  • supplier_address
  • supplier_name
  • payment_details ( Null for receipt)
  • orientation
  • locale (currency, language)
  • invoice_number (Null for receipt)
  • reference_numbers ( Empty list for receipt)
  • due_date
  • document_type
  • date
  • customer_company_registration (Null for receipt)
  • customer_address (Null for receipt)
  • customer_name (Null for receipt)
  • supplier_company_registration (Null for receipt)
  • category
  • Subcategory
  • time (Null for Invoices)
  • tip (Null for Invoices)
  • total_tax (sum of taxes for Invoices)
  • line_items (empty list for Receipt) :product_code, description, quantity, unit_price, total_amount, tax_amount, tax_rate

 

Questions?
Slack Logo Icon  Join our Slack