How Does the System Extract Remittance Information from Incoming Payments?

The system extracts remittance information from incoming payments using advanced optical character recognition (OCR) technology, which scans and interprets data from remittance documents such as invoices, checks, or emails. Through precise text recognition algorithms, it captures relevant details such as invoice numbers, amounts, and payment references. Additionally, machine learning algorithms further enhance extraction accuracy by continuously learning from patterns and improving recognition capabilities over time.

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