Why Generic Invoice OCR Solutions Fail
Our template-based approach solves the fundamental problems that generic solutions can’t
The Coverbill Difference
Implementation Time
Data Extraction Accuracy
Processing Backlog
Our Template-Based Technology Platform
Four integrated components that deliver 80% cost reduction and 99.99% accuracy
Format-Specific Template Extraction
Our proprietary template engine creates extraction rules specifically for your invoice formats, delivering 99.99% accuracy compared to 60-80% from generic solutions.
Zero-Error Validation Engine
Comprehensive validation rules verify extracted data against your business requirements, catching potential errors before they impact your financial systems.
Validation
End-to-End Processing Pipeline
Complete workflow from receipt to structured data output that transforms days of work into minutes, eliminating processing backlogs permanently.
Seamless System Integration
Extracted data delivered in your preferred format for direct connection with your financial systems—no manual data entry required.
Investment With Guaranteed Returns
Transparent pricing that delivers immediate ROI and compounds in value
Starter
For small businesses with standard invoice formats
- 2 custom templates
- Up to 500 invoices/month
- Email support
- 48-hour template updates
- Basic reporting
- CSV data output
Professional
For growing businesses with multiple invoice formats
- 5 custom templates
- Up to 1,000 invoices/month
- Priority support
- 24-hour template updates
- Advanced reporting
- Multiple output formats
- API access
Enterprise
For large organizations with complex requirements
- Unlimited templates
- Custom volume
- Dedicated support
- Same-day template updates
- Custom reporting
- Direct system integration
- SLA guarantees
Why Template-Based Processing Outperforms Generic OCR
Expand each section to understand our key advantages
| Feature | Coverbill Template Approach | Generic AI OCR Solutions |
|---|---|---|
| Time to First ROI | 2 weeks | 3-6 months |
| Processing Speed | Seconds per invoice | Minutes per invoice |
| Data Extraction Accuracy | 99.99% accuracy | 60-80% with manual verification |
| Month-End Backlog | Eliminated completely | Reduced but still exists |
| Finance Team Transformation | 80% strategic work | 40-50% strategic work |
| Format-Specific Extraction Rules | ||
| Ongoing Template Maintenance |
Invoice Analysis
We analyze your invoice formats and identify exact field locations for extraction
Template Creation
Custom extraction templates built specifically for your invoice formats
Validation & Testing
Rigorous testing ensures 99.99% accuracy before deployment
Rapid Deployment
Go-live within 2 weeks with immediate cost reduction
80% Cost Reduction
Dramatically lower your invoice processing costs while improving accuracy and speed.
Zero Processing Backlog
Eliminate persistent invoice backlogs, even during month-end closing periods.
Finance Team Transformation
Convert your team from data processors to strategic financial analysts.
Faster Financial Close
Accelerate your month-end closing process by days, not just hours.
Strategic Advisory Capacity
Transform AP from cost center to strategic business partner with data-driven insights.
Cash Flow Optimization
Improve payment timing and capture early payment discounts automatically.
Ready to Cut Invoice Processing Costs by 80%?
Get a free cost-saving analysis showing exactly how much you can save with our template-based solution.