Ramp
Receipt and invoice OCR built on Azure AI Document Intelligence
Ramp's receipt reader saves 30,000 hours of manual work a month
Problem
The corporate card and spend-management company handles a large volume of receipts and invoices that customers submit. Entering the data by hand was slow.
Approach
Ramp built an OCR tool on Azure AI services and Azure AI Document Intelligence. Users text or upload a receipt, and the service extracts, categorizes and enriches the data. According to Microsoft, the team built and deployed it in under a week.
Results
Takeaway
Microsoft reports 30,000 hours of manual work saved per month on receipt and invoice processing.
Categories
- Industry
- Finance and insurance
- Business function
- Finance, risk and legalProduction and quality
- Innovation type
- Process innovation
- AI technology
- Computer vision
- Adoption
- Vendor solution
- Evidence
- Vendor's case study
Sources
Source summaries
Microsoft describes how Ramp built a receipt and invoice reader on Azure AI Document Intelligence. It lists monthly volumes, hours saved and field accuracy.
Full details are in the original sources.