Case Study: a global payment processing firm achieves 95% receipt data extraction accuracy with Infrrd

a global payment processing firm achieves 95% invoice extraction accuracy with Infrrd

A global payment processing firm faced the challenge of manually processing hundreds of complex receipts and invoices containing handwritten details and variably positioned stamps for VAT tax refunds. They partnered with Infrrd and its AI-powered data extraction platform to automate this labor-intensive task.

Infrrd implemented its Intelligent Document Processing solution, which achieved 95% field extraction accuracy and 80% accuracy for handwritten data. This solution increased the firm's overall extraction accuracy by 58% and its processing speed by 15%, enabling data extraction in under ten seconds per document and creating significant product innovation and differentiation.