In today’s digital era, the volume of transaction data generated from various retail channels is growing rapidly. One of the main challenges faced by many companies is how to efficiently and accurately manage and process data from shopping receipts. To address this challenge, Radya Labs has developed an AI-powered intelligent solution: Receipt OCR.

What is Receipt OCR?

Receipt OCR is a machine learning-based Optical Character Recognition (OCR) technology specifically developed to extract information from various formats of shopping receipts. This solution is designed to help clients automatically read product SKUs and integrate them into their operational systems.

Using a tailored approach, Receipt OCR can recognize text from physical receipts, classify key entities such as store name, transaction date, cashier, product names, and prices, then convert them into structured data in JSON format.

Case Study

In one of its implementations, Receipt OCR was used to process transaction data from a supermarket. The process begins with uploading an image of a physical receipt, which is then processed by the OCR engine. The final result is complete digital data ready to be used in accounting systems or for analytics purposes.

 

Real Benefits for Companies

By integrating Receipt OCR into their operational workflows, companies can gain several key advantages:

• Automation of transaction data entry processes

• Reduction of manual errors caused by manual data entry

• Time efficiency, especially for large volumes of data

• Availability of digital data ready for analytics and reporting

A Flexible and Integratable Solution

Receipt OCR can be adapted to various types of receipts and formats from different merchants or supermarkets. This technology can also be integrated with a company’s backend systems, such as ERP, financial reporting systems, or analytical dashboards.

Ready to Transform How You Manage Transaction Data?

Radya Labs is committed to continuously delivering AI-powered solutions that bring real impact to business operational efficiency. With Receipt OCR, we demonstrate that digital transformation can start with something as simple as a shopping receipt, yet result in significant improvements in business decision-making.

Want to know how OCR solutions can be implemented in your business? Reach out to our team via the contact page or explore more case studies and insights on the Radya Labs blog.