AutoEntry uses Optical Character Recognition (OCR) technology along with various algorithms and machine learning to extract, verify accuracy and analyse data from scanned or photographed images of documents. AutoEntry’s extensive validation logic checks that you don’t process duplicate invoices and that the figures add up on the invoices in the first place. It then learns how you process your invoices. For example, it will learn that you may analyse your mobile phone bill to two different nominal accounts, “Telephone” and “Insurance” and will know which portion of the invoice is allocated to each.
AutoEntry is for anyone that would like to eliminate the laboursome routine tasks of typing up and analysing invoices, receipts, credit notes, bank statements and credit card statements into either excel or into accounts software.