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Summarize this article with:
- Receipt Parsing experts at Eden AI tested and compared many APIs.
- AWS Textract is a machine learning service that automatically extracts text and data from scanned receipts.
- Dataleon provides the best Machine Learning tools for data automation and processing, including receipt recognition and extraction.
- Consider your use case, budget, required accuracy, and language support.
- Eden AI acts as a single gateway to dozens of AI providers, standardizing API calls, billing, and response formats so you can focus on building rather than integration.
What is a Receipt Parsing API?
A Receipt Parsing API is an application programming interface (API) that enables the automated extraction and structuring of data from receipts. These APIs utilize machine learning and OCR (Optical Character Recognition) to read receipt data, including item descriptions, prices, dates, and vendor information, then convert this into a structured format.
Receipt Parsing Uses Cases
Receipt Parsing APIs are used across many industries: expense management, retail analytics, tax compliance, supply chain, and healthcare reimbursement.
Best Receipt Parser APIs on the market
Receipt Parsing experts at Eden AI tested and compared many APIs. Here are some actors that perform well (in alphabetical order): Affinda, AWS, Base64, Dataleon, Google Cloud, Klippa, Microsoft Azure, Mindee, TabScanner, Veryfi.
1. Affinda - Available on Eden AI
Affinda is an AI-powered document processing platform that offers receipt parsing capabilities with high accuracy across various receipt formats and layouts.
2. AWS - Available on Eden AI
AWS Textract is a machine learning service that automatically extracts text and data from scanned receipts. Amazon Textract goes beyond simple OCR to also identify the contents of fields in forms.
3. Base64 - Available on Eden AI
Base64.ai is a cloud-based AI service that accurately extracts data from all types of documents including receipts. In seconds, it discerns the document type and extracts the relevant information.
4. Dataleon - Available on Eden AI
Dataleon provides the best Machine Learning tools for data automation and processing, including receipt recognition and extraction.
5. Google Cloud - Available on Eden AI
Google Cloud Document AI offers specialized processors for receipts, using advanced OCR and machine learning to extract structured data.
6. Klippa - Available on Eden AI
Klippa offers AI-powered SaaS solutions for document automation including receipt processing and expense management.
7. Microsoft Azure - Available on Eden AI
Microsoft Azure offers an OCR service as part of its Cognitive Services suite that can extract structured data from receipts.
8. Mindee - Available on Eden AI
Mindee helps software product teams build lightning-fast, accurate, and robust document processing automation including receipt parsing.
9. TabScanner - Available on Eden AI
TabScanner provides receipt OCR technology with a cloud-based API. It claims to be the only technology capable of returning accurate lines from any receipt in the world.
10. Veryfi - Available on Eden AI
Veryfi uses AI software to provide Intelligent Document Processing, pre-trained to extract and transform unstructured data from receipts into structured data, in seconds.
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 Parsing APIs
- Unified API for all providers: simple and standard to use, quick switch between providers
- Standardized response format: the JSON output format is the same for all suppliers
- The best Artificial Intelligence APIs in the market are available
- Data protection: Eden AI will not store or use any data. Possibility to filter to use only GDPR engines.
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