Introducing Ferrum’s Machine Learning Functionality (OCR)

Ferrum’s Machine Learning Functionality (OCR)

The New Feature That Will Revolutionize the Way You Extract Data from Your Invoices.

We are excited to announce the introduction of a new feature on our platform that will change the way you extract data from your invoices. The feature is called OCR, or Optical Character Recognition.

Start Data Extraction

Start Data Extraction

With OCR, you can now easily extract data from your invoices without the need for manual data entry. Simply upload your invoice, click on the “Start Data Extraction” button and our OCR technology will automatically extract the relevant information, such as the equipment description, number of units, and cost. This means you can save time and reduce the risk of errors associated with manual data entry. To see the extracted data click on the “Extract Data” button which will open the Ferrum Equipment merge tool. Merge tool presents on the left the current data and on the right column the extracted data. The middle column represents the merged data. You can select the data from the left and right columns and add, modify and accept the extracted data.

Processing Document - Button

Waiting to data be processed
Extract data - Button
Now you can "Extract data"

Our OCR technology is highly accurate, and it is able to recognize text in various languages and formats. This means you can use it for invoices from different countries and in different languages. It also supports different file formats, such as PDF, JPG, and PNG.

Merge tool modal

Equipment merge tool

Merged data

Merged data

We understand that data security is of the utmost importance, which is why we have implemented strict security measures to protect your data. Our OCR technology is hosted on secure servers, and we use encryption to protect your data during transmission.

We believe that this new feature will greatly benefit our users and make their work easier. We are constantly working to improve our platform and bring new features that will enhance the user experience. If you have any suggestions or feedback, please do not hesitate to contact us.

Try our OCR feature today and experience the convenience and efficiency it brings to your invoice data extraction process.

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