Case Study: a travel and expense management company achieves higher receipt data extraction accuracy with Infrrd

Infrrd Achieves Unbeatable Data Extraction Accuracy For A Travel & Expense Management Company

Infrrd worked with a travel and expense management company that digitizes receipts and helps users book and track travel expenses. The customer needed to extract key receipt fields such as billing amount, billing date, currency, and merchant with near-100% accuracy, but manual processing was slow, labor-intensive, and costly.

Infrrd implemented its machine learning OCR to automatically extract data from receipts and adapt over time to different formats and document quality. The solution improved currency accuracy from 73% to 85%, date accuracy from 73% to 81%, amount accuracy from 75% to 85%, and merchant accuracy from 72% to 90%, while reducing manual effort and errors.