Improvement in Model Accuracy
Reduced Time & Effort
The customer, one of the largest professional services firms in the world, used a third-party tool for processing customer invoices. It only worked on previously-seen invoice templates and provided very low accuracy of ~50 percent. They wanted to build a template-independent solution for efficient invoice processing.
Leveraging best-in-class deep learning and OCR techniques, Quantiphi developed a template-independent invoice processing solution that achieved 20% improvement in accuracy as compared to the customer’s existing model. The solution helped the customer minimize time and effort, which in turn improved cost effectiveness, efficiency gain, and ease of operation with great accuracy and lower error rates.