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Invoices are the fundamental document that play a vital role in encapsulating the details of the products and the business transactions between the seller and the buyer. We cannot check our invoices at any time for emergencies. Substituting the case, by storing the basic details of multiple invoices in an excel sheet might be used for future purposes. This paper provides the advancement of data extraction through automation technologies. We begin this research by the technique Optical Character Recognition (OCR) in automation of data extraction from invoices. This reduces the manual errors during extraction as the entire process works with the automation and provides an accuracy of 95%. The paper discusses the design of the automation that has to be processed for the data extraction including the invoice details, line items and relevant metadata and stored in a structured and accessible format. This storage allows the customer to get through all their product details in a document. Furthermore, the study investigates the integration of extracted data from the invoice to the customer. This integration acts as the strategic role in transforming invoice data into a dynamic asset, enabling customers to glean insights. The paper incorporates real-world examples and case studies to illustrate implementations of scrapping techniques using automation. By addressing challenges such as technological limitations, integration complexities, and data security concerns, the paper provides practical understanding for customers in processing the automation.
Ramyadevi et al. (Fri,) studied this question.