Global enterprises frequently receive invoices in multiple currencies, making reconciliation, reporting, and compliance complex. Legacy OCR-based systems struggle with currency symbol recognition, inconsistent formatting, and exchange rate mismatches, leading to higher manual review costs and potential financial reporting errors.
AI-powered multicurrency extraction enables accurate recognition, normalization, and conversion of invoice values across geographies. By standardizing formats and terminology, organizations reduce manual workload, improve accounting accuracy, and accelerate financial close cycles.
This total cost of ownership calculator helps you evaluate the true ROI of the category using modern AI powered alternatives over traditional OCR based solutions.
Key Use Cases:
Multi-Currency Processing (Invoices)
Processes invoices from global vendors by standardizing currency formats for accurate accounting.
Multi-Currency Processing (Invoices + POs)
Processes invoices and purchase orders in various currencies by normalizing formats for downstream consistency.
Multi-Currency Processing (Invoices + Contracts)
Processes invoices, purchase orders, and contracts in multiple currencies by standardizing terminology, and normalizing values across geographies.
Start by selecting a typical scenario or adjust the baseline details to reflect your exact needs. The calculator will update automatically.
Legacy OCR systems achieve 80% accuracy and cannot reliably handle diverse currency formats. This forces finance teams to spend significant time verifying amounts, correcting errors, and reconciling mismatches, slowing down accounting processes.
Modern AI with OCR, NLP, and vision achieves 92% accuracy ±2%, providing more consistent multicurrency data extraction. However, since generic AI cannot fully detect normalization or contextual errors, finance teams still need to verify extracted values before integration into ERP systems.
Your AI investment isn’t delivering expected savings. This may indicate inefficiencies or incorrect assumptions in your current workflow.
Contact us to identify more optimization opportunities.
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