Eliminate the need for manual data entry and reduce the risk of costly human errors with TRAILD's advanced data extraction engine, that digitally captures and codes even the most complex receipts and invoices.
TRAILD handles the most complex invoice formats with ease, leveraging Natural Language Processing (NLP) to extract data from even complex handwritten invoices. TRAILD's Machine Learning enabled data extraction engine has been trained on millions of supplier invoices across our network, providing you with unparalleled first-time capture accuracy. It is also trained by you - so if you make it change, it learns that for next time.
TRAILDs data extraction engine extracts header data and line level data from invoices (e.g., part number, description, quantity, unit price). Invoices can be split and allocated to different cost centres - at both the header or line item level.
Never search for which GL or cost centre to allocate expenses to again. TRAILD automatically adds the right vendor, GL codes, projects and cost allocations for you. Plus if you change the way a dimension has been coded, it remembers that for next time.
Your AP team no longer has to manually enter invoice data or find out where invoices should be coded to, eliminating tedious manual work and freeing up time so they can focus on more strategic high value tasks. Many TRAILD customers see AP workload reduce by ~85%.
Manually keying in invoice data exposes your businesses to costly human errors. With automated data extraction, you will experience unparalleled accuracy of your invoice data. Accuracy is critical for reducing unnecessary costs and supporting supplier relations.
TRAILD's AI-enabled data extraction engine scans your supplier invoices for not only invoice data, but also any anomalies such as those typical in doctored invoices, which can often go overlooked.Â
It’s faster and more automated than I could have ever imagined
It would be impossible to hire people to do what TRAILD is capable of...especially not for the same cost and level of accuracy!
TRAILD saves us over 10 hours per week in manual data entry and helps me focus on the one percent of invoices that are problematic and need my attention
