Ocerra Alternatives

Ocerra

Ocerra is an AP Invoice Automation Software designed to leverage invoice data so you can improve financial performance and stimulate business growth.

Here at Ocerra, we are not trying to reinvent the wheel. Instead, we are focusing on the recent O.C.R. and AI technologies to deliver a more efficient and financially viable solution.

There are other companies that already working on the same topic as AP Invoice Automation. However, invoices come in all sort of different formats; this makes the extraction process far from perfect; large businesses can only achieve 60-70% of accuracy. The reason is not only various invoice formats but also constantly changing systems and suppliers.

In Ocerra, we have combined the latest technology ingredients to achieve a higher degree of automation and accuracy. Backed by AI and machine learning, you don’t need to create rules or templates. The system can apply it automatically and feedback to our Natural Language processing engine.

Ocerra can extract two types of information, header and line level.

The header information includes:
? Invoice number
? Purchase order number
? Supplier
? GST or ABN numbers
? Total amount
? Freight costs and discounts

Line Level information includes
? Tabular data such as labour, plant and material costs, including line description, quantity and amounts.

The line information is especially important for construction and civil service companies, where job costing is a must-have requirement to run a successful business.