Last updated on October 26th, 2021 at 04:06 pm
How many receipts have you printed for your customers today? Did you add all the data to the database, or will you have to do it manually?
We have a simple reason for asking these questions. Businesses that run online and offline have to manage their payments and receipts in multiple systems. Adding the details of the day’s receipts can be time-consuming.
That’s how receipt scanners and OCR software solutions became popular in the industry. If your competitors are using the latest technology to update their records quickly, it’s time you adopt the same.
Whether you’ve just begun your establishment and started selling or generate a large volume of transactions every day, Taggun has something highly useful and effective for you.
Receipt OCR (Optical Character Recognition) software scans the receipts, reads the text, and converts the image into text by capturing the necessary information printed on it. Details such as-
- Merchant Name
- Total Amount
- Tax Amount
Are processed and converted to text format from the image. This data is stored in your database and added to the records. And the best part of using this software by Taggun is that there’s no need to set up any new system. All you need is to use the API documentation to add the code to your existing systems. The Receipt OCR software can accept images in multiple formats, including the URL of an image.
➣ Robust and easy-to-use API
Taggun offers one of the easiest APIs to work with. The company ensures that developers spend very little time integrating the API with the existing business systems. Integrate the API with-
- Web apps
- Mobile apps (Android and iOS)
- Microsoft Azure
- Google cloud platform
➣ Multiple Countries and Languages
So what if the receipts are not in the English language? Taggun OCR engine can read several languages and accurately convert the details into text. The company proudly claims to have an accuracy rate of 82.26%.
Supported Languages:- English, Chinese, German, Hindi, Japanese, Spanish, French, Russian, Dutch, Polish, Swedish
➣ Coordination and Keyword Validation
The software shows the coordinates for every receipt and information scanned. What’s more, the software can validate keywords on the receipts and share the data with you. This feature is particularly helpful for bank receipts.
➣ Real-Time Results
The OCR software is not only easy and efficient but also super fast. It takes just five seconds to process the image and share the text with you. This allows you to scan as many receipts as you want without spending long hours at work.
➣ Input Formats
As we mentioned earlier, receipt OCR can accept different input formats, and it’s not limited to only image format, either. You can enter the receipt in any of the following formats.
- JPG/ JPEG
➣ Types of Receipts
The Taggun OCR software can process the below receipts and verify the authenticity of the receipt/ claim.
- Over the counter sale receipts
• Invoices from suppliers and vendors
• Bank deposit receipts
• Loyalty programs and discount codes
➣ Cloud and In-House Services
It’s not surprising that some businesses prefer cloud solutions while other businesses want the software on the in-house systems. Taggun offers both options. You can also get a customized plan to suit your requirements and pay only for what you use.
➣ Data Security and Compliance
The images processed by the software are encrypted with AES256 so that the data cannot be stolen or corrupted. Also, Taggun doesn’t store any sensitive information. Even the necessary details, such as IP addresses, are protected using industry-compliant standards and protocols. Moreover, the company offers businesses to opt-out of storage. The software has been developed to be compliant with different countries’ data security regulations.
Benefits of Using Receipt OCR Software
➢ Go digital and get rid of the piles of receipts in the drawers and on the desk. Don’t lose information belonging to even a single receipt.
➢ Ensure data security and safety. Receipts can tear. Electronic data will be safe in the cloud and on the hard drive.
➢ Streamline your accounts and finances. Don’t stress when the IRS asks for information. You’ll already have it with you.
➢ Access data anytime and export it to other software or output devices.
Taggun Simple Pricing Plans
- ) Pay As You Go
→ First 50 Scans (Free for the 1st Year)
→ Up to 1,000 scans ( $0.80)
→ 1,000 to 5,000 scans ($0.72)
→ 5,000 to 10,000 scans ($0.60)
→ 10,000 to 15,000 scans ($0.52)
→ Over 15,000 scans (Contact the Taggun Team)
- No upfront cost
- 50 Free Scans a month for a year
2.) Volume Discount ($699 per month)
- Upto 30,000 scans per month
- No upfront cost
- 1 Year commitment
→ 0.05 per scan for usage over 30,000 scans per month
3.) Enterprise Plan ($3799 per month)
- On premise installs
- Unlimited servers install
- Fully managed services
- Service Level Agreement
- Information Security and Compliance
- Business Continuity and Plannig
- 2 Year Commitment
In this plan, cost can be further reduced to $0.01 per scan if you have a requirement to process a large volume of data.
Free Trial Plan
Do you think you don’t need Receipt OCR software? Why not try the 30-day free trial version and then decide? You can scan countless receipts during the trial period.
Receipt OCR software and API by Taggun are super cool and a must-have for every business. It makes use of Google Vision API and the Microsoft Cognitive Service API to work as an efficient image-to-text converter that delivers real-time results.
Don’t take our word for it. Check out the company website to see the software live in action. You can upload any receipt and get the results immediately displayed on the screen.