Invoice OCR

Keep track of the changes and updates for the Invoice OCR API.

Version 4

⚡️ Features and Changes (March 11th, 2024)

  • 🚀  Integration of company ID & logo database
    We have integrated a company ID database and a vector database featuring millions of logos. This enhancement enables our R&D team to efficiently rectify any issues with non-functional supplier names.

  • 🔥 Strong improvement on supplier_name, customer_name, and invoice_number
    We have observed a reduction in error rates as follows:

    • 20% for customer_name
    • 15% for supplier_name
    • 10% for invoice_number

    The improvement in supplier_name was achieved by incorporating information from the databases. The customer_name algorithm now mirrors the supplier_name one. invoice_number now employs an NLP modality to boost its precision.

  • ✨ New fields: shipping_address, billing_address and tax_base:
    The API now extracts the shipping_address and billing_address.
    We have updated the taxes field to include the tax_base value. Including the tax_base value in the taxes field can help you calculate and report taxes more accurately.

⚡️ 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_registrations
    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_tax
    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
    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 field: 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 (January 3rd, 2023)

  • New field extracted: Reference numbers which is a list of variable size which may contain PO numbers, reference numbers or project numbers

⚡️ Features and Changes (November 30th, 2022)

  • Line items extraction. Line items are returned as a list in the json response. Each item includes:
    • description
    • quantity
    • unit price
    • total amount
    • tax rate
    • tax amount
    • product code
  • Renaming of fields in the json response for more clarity:
    • supplier -> supplier_name
    • payment_details -> supplier_payment_details
    • company_registration -> supplier_company_registrations
    • customer_company_registration -> customer_company_registrations
    • total_incl -> total_amount
    • total_excl -> total_net

Version 3

⚡️ Features and Changes (March 24th, 2022)

  • Update in response scheme with new orientation information available.
  • Update in polygon coordinates and format.
  • Improvement in extraction performance of company IDs.

⚡️ Features and Changes (Feb 24th, 2022)

  • Supports 4 new extracted fields:
    • Customer name
    • Customer address
    • Customer company registration
    • Supplier address

Version 2

📘

Invoice V2 API Performance Update

For increased performance in the extraction of your fields and result, please upgrade to v3 as this version is currently not maintained.

⚡️ Features and Changes (August 18, 2021 )

  • Supports the use of native PDF text content to extract fields.
  • Improvement in accuracy for document-level prediction.
  • Supports 17 additional currencies: AED, AUD, BRL, CNY, COP, CZK, DKK, GNF, HKD, HUF, JPY, NOK, NZD, PLN, SEK, SGD, XPF.
  • Extraction performance improvement of these currencies: CAD, CHF, EUR, GBP, USD.
  • Addition of international payment details (IBAN, routing number, SWIFT/BIC code, account number).
  • Inconsistency in amount / tax fixed.
  • Overall improvement in extraction performance.

Version 1

📘

Invoice V1 API Depreciation

Support for the invoice V1 API is deprecated. Please use v3 instead.

⚡️ Feature: First Release (August 6, 2020)

Extracted fields:

  • Due date
  • Invoice date
  • Invoice number
  • Locale & currency
  • Supplier identification number (SIRET, EIN, VAT number...)
  • Supplier name
  • Taxes details
  • Total amount including taxes
  • Total amount excluding taxes

 

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