Optimizing invoice processing: Nutrient Document Converter's key-value pair extraction

In today’s fast-paced business landscape, efficient invoice processing is critical for maintaining operational agility and financial stability. Traditionally, extracting key information from invoices has been a time-consuming and error-prone task. However, with the advent of technology, automated solutions leveraging advanced key-value pair (KVP) extraction techniques are revolutionizing invoice processing workflows, offering exceptional accuracy and efficiency.

Process invoice data faster with Nutrient Document Converter’s adaptive KVP extraction

Nutrient Document Converter introduces a cutting-edge approach to automate invoice processing tasks through its advanced KVP extraction feature. Leveraging a hybrid approach that incorporates heuristics, mathematics, machine learning (ML), and adaptive layout understanding, the KVP extractor engine delivers exceptional results. This engine automatically adapts to various document layouts and employs techniques such as natural language processing (NLP) to ensure optimal resource utilization and accurate extraction of meaningful information.

What is key-value pair extraction?

KVPs are like pairs of puzzle pieces, consisting a key and a value, where the key helps identify the value it belongs to. Think of a dictionary: Words are keys, and their meanings are values. But KVPs aren’t just for dictionaries; they show up in all sorts of documents. For example, on forms, keys are the questions (like Name or Age), and values are your answers. Similarly, on invoices, keys are the items you buy, and values are their prices.

Forms are a common place to see KVPs. But unlike neat tables, KVPs can also be found in messy, handwritten notes or scanned documents. Extracting information from these documents manually can be tough, especially with handwritten parts or images. That’s why finding a way to automatically extract KVPs could save a lot of time and effort, both for personal and business tasks.

The significance of key-value pair extraction

KVPs lie at the heart of intelligent document processing systems, facilitating the extraction of meaningful information from unstructured and semi-structured documents. With a large portion of documents used by companies and organizations being unstructured — estimated to be approximately 90 percent — extracting information from invoices, contracts, forms, bank statements, and emails can be a daunting task. However, Nutrient Document Converter’s KVP extraction engine streamlines this process by automatically identifying and extracting relevant information, regardless of the document’s format or structure.

Benefits of bulk invoice processing

Bulk invoice processing poses a common challenge for organizations, often requiring manual data entry and verification. Document Converter’s adaptive KVP extraction engine automates this process by efficiently extracting critical information from invoices, including company names, addresses, dates, and total amounts. This not only accelerates the processing of large volumes of invoices but also minimizes errors and ensures data accuracy, resulting in streamlined operations and improved financial management.

Leverage machine learning for better accuracy and efficiency

At the core of Nutrient Document Converter’s KVP extraction feature are advanced deep learning algorithms, trained to excel in challenging scenarios such as text recognition in noisy documents, handling dotted lines, touching and broken characters, text on colored backgrounds, underlined text, skewed text, and text embedded within graphics and tables. By harnessing the power of adaptive layout understanding and sophisticated ML capabilities, the connector achieves unparalleled accuracy in extracting KVPs from invoices, delivering reliable results in any context.

Document Converter’s adaptive KVP extraction feature seamlessly integrates with Microsoft Power Automate, empowering organizations to incorporate automated invoice processing workflows into their existing systems. With effortless configuration options, users can set up automated actions to extract KVPs from invoices and generate comprehensive reports, further enhancing operational efficiency and reducing manual intervention.

Enhancing efficiency across industries

The benefits of Document Converter’s adaptive KVP extraction feature extend across industries — from finance and accounting, to procurement and supply chain management. By automating invoice processing tasks and extracting meaningful information from unstructured documents, organizations can streamline operations, improve data accuracy, and allocate resources to strategic initiatives, in turn driving growth and competitiveness.

Conclusion: Transform invoice processing with Nutrient Document Converter

In conclusion, Nutrient Document Converter’s adaptive KVP extraction feature represents a significant advancement in invoice processing technology. By leveraging a hybrid approach that combines heuristics, mathematics, and machine learning capabilities, the connector delivers unparalleled accuracy and efficiency in extracting critical information from invoices and other documents. With Nutrient Document Converter, organizations can transform their invoice processing workflows, streamline operations, and unlock new opportunities for growth and success.

For detailed instructions on how to extract key-value pair data from PDF documents using Power Automate and Nutrient Document Converter, follow this user guide. KVP extraction is also available for Document Converter Services and Document Converter for SharePoint On-Premises.