Automating Invoice Data Extraction in Insurance

The Challenge of High-Variety Invoices

When dealing with invoices of all shapes and sizes—whether you're handling accounts payable, healthcare billing, or logistics—old-school methods are cumbersome, frustrating, and prone to mistakes.

Teams often grapple with hundreds of invoices, each with its unique structure and data format. This diversity introduces significant challenges:

• Manual data entry errors that compound downstream
• Delayed processing times that frustrate stakeholders
• Inconsistent data quality across systems
• Costly mistakes that impact the bottom line

While many technology solutions claim to address invoice processing, most fall short when format variety increases. Traditional OCR and template-based systems simply can't keep up with the real-world diversity of invoice layouts.

How IDP Solves the Invoice Challenge

Intelligent Document Processing (IDP) technology provides an opportunity for teams seeking to conquer the high-variety invoice processing challenge. By combining your team's expertise with AI-powered document processing, you can automate the extraction of crucial invoice information—including line items in tables that span from one to hundreds of pages.

Unlike rigid template-based systems, IDP uses machine learning to understand document structure and adapt to new formats automatically. This human-in-the-loop approach ensures accuracy while dramatically reducing manual effort.

Key Benefits for Invoice Processing

Handle Any Format

IDP makes it easy to process the full variety of your documents, especially when line item complexity is high. Your team of invoice experts powers the system, making it easy to set up and get running quickly.

Maintain the Highest Accuracy

We all make typing mistakes—no matter how dedicated your team is, errors happen. With IDP, you give your team the best chance to capture accurate data from every document without the tedious manual work.

Improve Your Workflow

By augmenting your team on the most challenging step—extracting data from invoices—you unlock opportunities to increase automation across your entire workflow. Smoothing out the roughest spot in the process opens doors to further optimization.

Boost Team Morale

Your team doesn't love doing manual data entry. It's tedious and unfulfilling. Your human experts are your greatest asset, and IDP helps them spend more time on work that truly requires their expertise.

What Teams Achieve with IDP

• Accelerate invoice processing by 4-10x, saving time and resources
• Mitigate the risk of manual data entry errors
• Enhance workflows and create opportunities for additional automation
• Give experts relief from the mundane and more time for critical tasks
• Create audit trails and capture higher-quality data for compliance
• Recruit and retain staff by eliminating repetitive processes

Getting Started

Your team members are your greatest asset. SortSpoke puts easy-to-use AI in the hands of your experts and gives them the power to handle even the most complex invoices without breaking a sweat.

Over the years, we've helped teams process invoices of all shapes and sizes across insurance, healthcare, logistics, and more. Our SOC 2 Type 2 compliant platform ensures your data stays secure while you unlock efficiency gains.