Document processor like docparser using CV and OCR
One of the major hit project I delivered to my company is fraud detection system which tracks and highlight non-complaince activity. Basic technique is to extract data from screenshot and rest is built on it. Its doing close to 50 million comparsions daily, so yeh that gives me some confidence.
If I built a SaaS to automate document processing like docparser for invoice, receipt or some application screenshot processing.
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Would it create some legal issue, since I am employed for more than 12 years? but I don't think my offering will be in competition to the project or company.
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It seems very niche requirement, queries on docparser.com website are very few and don't show any activity for past 2 years.
Good morning Faraz!
I could not answer your first question. But for the second one, I definitely see a need. However, I don't think that the SAAS approach is the best one.
For a business, you'd like to minimize the interactions and the steps required for the user to accomplish the same task. In the case of docparser, I would need to gather my invoice first, maybe split them by supplier, then upload them, wait for the process and then click to download the result. Then, I would probably need to post process the information to add information that is maybe not present on the invoice.
On the other end, one could by a xerox scanner that will do the same with less steps.
The idea of automatic invoice processing is very valuable, the challenge is to make it fit seamlessly in the business process. The flow could be
1- invoice in my inbox / scanner
2- process the data
3- Add custom info related to the invoice by the user
4- Upload to the erp (erp dependent)
The other thing in my opinion that could be improved, would be to remove the need to define the zone for the ocr to look at. I still don't know if it's possible to train a neural network that could do that lol
I hope this comment is useful to you. Looking forward to seeing the direction you'll take with the project!
May the force be with you 💪
Thanks, I would also like to minimize steps that needs to accomplish end goal. But problem is I don't know the complete use case. Two things comes to my mind.
A. How typically one get invoice? via email or any other medium? How can I safely expose api for customers to hassle freely automate
B. Webhooks / callbacks would be good enough to let user integrate with erp or crm?