What is Receipt Parser API?
Receipt Parser API allows users to extract structured data from receipts using machine learning and natural language processing (NLP) techniques. The API takes an image of a receipt as input and uses OCR (Optical Character Recognition) technology to recognize the key information on the receipt, such as the merchant name, date of purchase, item descriptions, prices, and taxes.
Receipt Parser APIs uses cases
Receipt Parser can be used to automatically extract data from receipts, and categorize expenses, helping streamline processes, save time, and reduce the risk of errors. This technology can automate a wide range of tasks in different fields (Tax Preparation, Accounting, Supply Chain Management, Retail, etc.) depending on the specific needs of the industry.
Best Receipt Parser APIs on the market
While comparing Receipt Parser APIs, it is crucial to consider different aspects, among others, cost security and privacy. Receipt Parser experts at Eden AI tested, compared, and used many Receipt Parser APIs of the market. Here are some actors that perform well (in alphabetical order):
AWS
Base64
Dataleon
Google Cloud
Klippa
Microsoft Azure
Mindee
Rossum
TabScanner
Taggun
Veryfi
1. AWS - Available on Eden AI
AWS's Receipt Parsing API leverages advanced machine learning techniques to accurately extract key information from a wide variety of receipt types. It is designed to handle large volumes of receipt data, making it suitable for both small-scale applications and enterprise-level systems. AWS offers high availability, ensuring reliable and uninterrupted access to the service, while also providing automatic scaling to accommodate varying workloads. Furthermore, AWS provides a secure environment for processing sensitive receipt data.
2. Base64 - Available on Eden AI
Using highly advanced machine learning algorithm, the API is able to accurately parse receipts from a variety of sources, including paper receipts, digital receipts, and receipts with complex formatting. Additionally, the API is easy to integrate into existing workflows and can help businesses save time and reduce errors associated with manual data entry.
3. Dataleon - Available on Eden AI
Dataleon’s solution offers a high level of accuracy and real-time receipt management for data extraction capabilities. The API is easy to use, allowing businesses to extract data from a wide range of receipt formats, including manuscript receipts. Additionally, the API offers a customizable solution, allowing businesses to choose the fields they want to extract, making it a versatile solution for a range of industries.
4. Google Cloud - Available on Eden AI
Google Cloud offers a powerful Receipt Parser API that leverages machine learning technology to extract data from receipts with high accuracy. It can handle a variety of receipt formats, including handwritten receipts. Furthermore, Google Cloud's API offers customizable solutions, allowing businesses to extract specific data fields based on their needs. The API's powerful image recognition technology ensures that businesses can extract data accurately, even from poorly scanned receipts.
5. Klippa - Available on Eden AI
Klippa leverages machine learning technology to automate many receipt-related business processes. The API provides a range of benefits for its Receipt Parser, such as format conversion and scan quality improvement, as well as the ability to convert the image of the receipt into text and JSON using OCR technology. Klippa's solution also offers classification of receipts and line items, which helps to streamline the analysis, storage, and archiving of important data for businesses. Finally, it offers (cross) validation of receipt data, ensuring that the data is accurate and reliable.
6. Microsoft Azure - Available on Eden AI
Azure offers a powerful Receipt Parsing API through the Form Recognizer receipt model, which leverages OCR capabilities and deep learning models to analyze and extract information from a wide range of receipt formats and qualities, including printed and handwritten receipts. The API can accurately extract key information such as merchant name, phone number, transaction date, tax, transaction total, and return the data in structured JSON format. This makes it easy for businesses to integrate the extracted data into their existing systems and workflows.
7. Mindee - Available on Eden AI
Mindee's Receipt Parser API is a state-of-the-art solution that combines the latest advances in computer vision and NLP to extract data from receipts accurately and efficiently. Mindee focuses on creating a seamless user experience with their interactive UI components. By turning documents into user-friendly interfaces, Mindee maximizes customer satisfaction and ensures that the data extraction process is smooth and effortless. Furthermore, Mindee's API is production-ready, enabling optimized web and mobile rendering features to be integrated quickly into any application. Finally, Mindee's inference pipeline is lightning-fast, enabling real-time data extraction with ease.
8. Rossum
Rossum provides a comprehensive solution for processing receipts and other documents. The API provides pre-processing capabilities that allow for automatic ingestion, processing, deduplication, and routing of documents to the appropriate queue. It also includes validation features that can accelerate manual review of data capture outputs with ergonomic UI and robust workflow rules.
Another advantage of Rossum's API is its ability to learn and improve over time, thanks to its advanced machine learning algorithms. This ensures that the API can continually adapt to new receipt formats and accurately extract data, even as receipt designs evolve.
9. TabScanner - Available on Eden AI
TabScanner's Receipt Parser offers intelligent data capture with an AI that understands receipt fields at human levels of intelligence. The Lightning-Fast Cloud API processes all data fields from a POS receipt in under 2 seconds, while returning highly accurate results with 98% accuracy on core data.
TabScanner's technology can extract line item data from any POS receipt in the world, from any language and character. The feature set includes regional parameters, ongoing machine learning for data refinement, format configurations, providing flexible subscription options for high-volume users.
10. Taggun
Taggun provides a fast and easy-to-use solution for businesses seeking a reliable receipt data extraction tool. Supporting multiple languages and offering a 5-second response time, Taggun's API also guarantees 90% accuracy in data extraction. Providing a developer-friendly RESTful API, the web services require no setup while accepting various file types, including JPG, PDF, PNG, GIF, and URLs of a file. Taggun's machine learning model can automatically detect the language on the receipt, convert the image to plain raw text, and classify keywords on the receipt. The results are returned in detailed JSON format, ready to be consumed by the user's app.
11. Veryfi - Available on Eden AI
Verify's API uses state-of-the-art machine learning models to accurately recognize and extract information from receipts, ensuring high accuracy and reducing the need for manual data entry. The solution is highly customizable and can be tailored to fit the specific needs of individual businesses. This means that users can easily integrate the API into their existing workflow and optimize it to meet their unique requirements. The API is also scalable, reliable, and easy to use, making it a top choice for businesses of all sizes looking to streamline their receipt processing workflows.
Performance variations of Receipt Parser APIs
For all companies who use Receipt Parser in their software: cost and performance are real concerns. The Receipt Parser market is quite dense and all those providers have their benefits and weaknesses.
Performances of Receipt Parsers vary according to the specificity of data used by each AI engine for their model training
Performance variations according to the languages
Receipt Parser APIs perform differently depending on the language of the text. Different specificities exist:
Region specialties: some Receipt Parser APIs improve their machine learning algorithm to make them accurate for text in a specific language. For example, some Receipt Parser APIs perform well in English (US, UK, Canada, South Africa, Singapore, Hong Kong, Ghana, Ireland, Australia, India, etc.), while others are specialized in Asian languages (Korean, Japanese, Chinese, etc.).
Rare language specialty: some Receipt Parsing vendors care about rare languages and dialects. You can find OCR Receipt APIs that allow you to process text in Gujarati, Marathi, Burmese, Pashto, Zulu, Swahili, etc.
Performance variations according to the quality of the document
When testing multiple Receipt OCR APIs, you will find that providers' accuracy can be different according to text quality. For example, some Receipt Parsing APIs may perform well on handwritten text while others may perform better with digital text.
Why choose Eden AI to manage your Receipt Parser APIs
Companies and developers from a wide range of industries (Social Media, Retail, Health, Finances, Law, etc.) use Eden AI’s unique API to easily integrate Receipt Parser tasks in their cloud-based applications, without having to build their own solutions.
Eden AI offers multiple AI APIs on its platform amongst several technologies: Text-to-Speech, Language Detection, Sentiment Analysis, Receipt Parser, Question Answering, Data Anonymization, Speech Recognition, and so forth.
We want our users to have access to multiple Receipt Parser engines and manage them in one place so they can reach high performance, optimize cost and cover all their needs. There are many reasons for using multiple APIs :
Fallback provider is the ABCs: You need to set up a provider API that is requested if and only if the main Receipt Parser API does not perform well (or is down). You can use confidence score returned or other methods to check provider accuracy.
Performance optimization: After the testing phase, you will be able to build a mapping of providers’ performance based on the criteria you have chosen (languages, fields, etc.). Each data that you need to process will then be sent to the best Receipt Parser API.
Cost - Performance ratio optimization: You can choose the cheapest Receipt Parser provider that performs well for your data.
Combine multiple AI APIs: This approach is required if you look for extremely high accuracy. The combination leads to higher costs but allows your AI service to be safe and accurate because Receipt Parser APIs will validate and invalidate each other for each piece of data.
How Eden AI can help you?
Eden AI is the future of AI usage in companies: our app allows you to call multiple AI APIs.
Centralized and fully monitored billing on Eden AI for all Receipt Parser APIs.
Unified API for all providers: simple and standard to use, quick switch between providers, access to the specific features of each provider.
Standardized response format: the JSON output format is the same for all suppliers thanks to Eden AI's standardization work. The response elements are also standardized thanks to Eden AI's powerful matching algorithms.
The best Artificial Intelligence APIs in the market are available: big cloud providers (Google, AWS, Microsoft, and more specialized engines).
Data protection: Eden AI will not store or use any data. Possibility to filter to use only GDPR engines.
You can see Eden AI documentation here.
Next step in your project
The Eden AI team can help you with your Receipt Parser integration project. This can be done by:
Organizing a product demo and a discussion to better understand your needs. You can book a time slot on this link: Contact
By testing the public version of Eden AI for free: however, not all providers are available on this version. Some are only available on the Enterprise version.
By benefiting from the support and advice of a team of experts to find the optimal combination of providers according to the specifics of your needs.
Having the possibility to integrate on a third-party platform: we can quickly develop connectors.