Business Use Case -Invoices and Receipts are an essential aspect of any trade between two parties, be it between companies or between roadside stores and a consumer. Manually reconciling digital invoices is very time-consuming and can also cause manual human errors.
Extracting information from any document is an uphill task and involves a combination of object classification and object localisation.
OCR digitisation addresses the challenge of automatically extracting, which plays a critical role in streamlining document-intensive processes and office automation in many financial, accounting, and taxation areas.
[1] Understanding Object detection
[2] Understanding how to use pre-trained models of YOLO
[3] Training Custom Object Detector with YOLO
[4] Understanding Text extraction using Tesseract