Parserdata

Introduction to Parserdata

Parserdata is an AI-powered financial data extraction tool designed to automate the process of converting invoices, receipts, and bank statements into structured Excel files. With no need for manual templates or complex setup, it helps accountants, auditors, and finance professionals save significant time by eliminating the tedious task of manual data entry. The software supports a wide range of file formats including PDFs, images (JPG, PNG, WEBP), and scanned documents, making it highly versatile for various financial workflows.

The tool leverages advanced AI technology to accurately extract key financial information such as invoice numbers, dates, vendor details, totals, taxes, and payment terms. It also handles multi-page documents and mixed layouts with OCR-ready extraction capabilities. Users can choose between automated AI-driven extraction or manual selection of specific data points, offering flexibility to suit different needs. Once extracted, the data is delivered in clean, ready-to-use Excel files that are audit-friendly and consistent across different document types.

Takeaways

• AI-Powered Extraction: Automatically extracts structured financial data from invoices, receipts, and bank statements.
• No Manual Templates Needed: Eliminates the need for pre-defined templates or manual input.
• Supports Multiple File Formats: Works with PDFs, JPG, PNG, WEBP, and more, including scanned documents.
• Flexible Extraction Options: Choose between AI automation or manual field selection.
• Clean Excel Output: Delivers organized, audit-friendly data ready for accounting, reporting, or ERP integration.

How Parserdata Works

Parserdata operates by allowing users to upload any financial document, such as an invoice or receipt. The system then uses AI to detect and extract relevant fields like invoice number, date, vendor name, total amount, tax, and more. For more control, users can manually select specific data points or tables. After processing, the extracted information is formatted into a structured Excel file, which can be easily imported into spreadsheets, accounting systems, or used for further analysis.

Core Benefits and Applications

Key Features

• Single Field Extraction: Capture individual data points like names, dates, and totals.
• Full Table Extraction: Extract line items, inventory details, and other table-based data.
• Multi-Format Support: Handles PDFs, images, and scanned documents seamlessly.
• Dynamic Field Detection: Automatically identifies and extracts relevant fields without templates.
• Excel Export: Instantly generate clean, structured XLSX files for immediate use.

Pricing Plans

All prices are shown before tax, with applicable taxes added at checkout.