Eagle Doc Financial Document Parsing solution is available on Eden AI

‍We are pleased to announce that Eagle Doc’s Financial Document features has been integrated into Eden AI API.

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What is Eagle Doc?

Eagle Doc is a suite of financial document automation and management services developed by Eagle Technologies, launched in 2015.

It uses AI and machine learning to streamline document processing, data extraction, and automated workflows, improving business efficiency and data accuracy. Eagle Doc also provides actionable insights, minimizing manual effort and errors in document handling.

Initially, Eagle Technologies aimed to replace paper receipts with digital ones through their platform "mallet." After realizing the market wasn’t ready, they pivoted to create their own receipt OCR solution.

This led to the development of Eagle Doc, which excels in converting receipts and invoices into structured information.

By 2022, the team refined Eagle Doc into a fast, affordable, and accurate tool for businesses to optimize their document management and workflows.

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Why Do We Offer Eagle Doc's API Alongside Other AI Services?

Eden AI offers Eagle Doc’s Financial Documents features on its platform amongst several other OCR and document parsing technologies.

Our platform is designed as a full-stack AI hub that unifies the best AI models and services into a single interface, paired with a powerful visual workflow builder.

This unified access simplifies the integration and management of diverse AI tools, empowering developers to optimize performance, cost, and reliability while addressing various use cases.

There are many reasons for using multiple AI APIs : ‍

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Fallback provider is the ABCs.

With Eden AI’s visual workflow builder, you can easily configure workflows that include fallback mechanisms. For example, if the primary API underperforms or fails, the workflow can automatically route the request to a backup provider. This ensures uninterrupted service reliability and minimizes downtime.

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Performance optimization.

After the testing phase, you will be able to build a mapping of AI vendors' performance that depends on the criteria that you chose. Each data that you need to process will be then sent to the best API.

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‍Cost - Performance ratio optimization.

This method allows you to choose the cheapest provider that performs well for your data. Let's imagine that you choose Google Cloud API for customer "A" because they all perform well and this is the cheapest. You will then choose Microsoft Azure for customer "B", a more expensive API but Google performances are not satisfying for customer "B". (this is a random example)

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Combine multiple AI APIs.

Our workflow builder enables you to design multi-API workflows that combine results from several providers for critical tasks requiring extreme accuracy. By validating and cross-referencing data across multiple APIs, you can significantly improve safety and precision in your AI solutions.

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Interview with Eagle Doc AI’s Co-Founder

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‍What solution do you provide?

Two years into this journey, Eagle Doc has evolved significantly. Our receipt/invoice OCR API now extracts over 60 relevant fields from documents in 50+ languages, including shop details, product line items, pricing, taxes, and more.

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We're particularly proud of our ability to extract tax information for each product by cross-referencing multiple data points on receipts and invoices - a feature crucial for accounting software.

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Our service is ready to use from day one, with no need for complex template setups or lengthy training processes. By leveraging a combination of machine learning, rule-based methods, and LLMs, Eagle Doc delivers an impressive 95% accuracy.

Additionally, we offer a 'Pay-as-you-go' pricing model at just 3 cents (€) per page, which is significantly more affordable compared to market rates.

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Who are your customers?

Our services are designed for businesses of all sizes, across a wide range of industries, seeking to automate invoice and receipt processing. We currently provide API solutions that seamlessly integrate with software such as expense management apps, bookkeeping systems, ERP platforms, and more.

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What motivated you to integrate with Eden AI?

We aim to increase our visibility in the AI and OCR marketplace, and Eden AI is the perfect fit for us.

Eden AI consolidates similar APIs from various suppliers into one, allowing developers to effortlessly test performance without the need to integrate each API individually. This streamlined process is a huge benefit for developers and significantly increases the likelihood of them testing our product.

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How will your product evolve?

We aim to further enhance the accuracy of our solution and reduce processing time to just 0.5 to 1.5 seconds per page. With the rapid evolution of AI, we see this as an opportunity to integrate cutting-edge advancements into Eagle Doc, providing reliable solutions to tackle real-world challenges.

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How do you use Eagle Doc AI on Eden AI?

To use Eagle Doc AI's Financial Document Parsing technology on Eden AI, simply sign into the Eden AI platform and call the API:

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Eden AI is a must-have

Eden AI is the future of AI usage in companies. Our platform not only allows you to call multiple AI APIs but also gives you :‍

• Centralized and fully monitored billing on Eden AI for all AI features.
• Workflow Builder: This feature allows users to design, automate, and manage complex workflows by integrating AI services. Users can combine various AI tools in a seamless process, enhancing productivity and decision-making.  ‍
• Unified API for all providers: simple and standard to use, quick switch between providers, access to the specific features of each provider‍
• Standardized response format: the JSON output format is the same for all suppliers thanks to Eden AI's standardization work. The response elements are also standardized thanks to Eden AI's powerful matching algorithms.‍‍
• The best Artificial Intelligence APIs in the market are available: big cloud providers (Google, AWS, Microsoft, and more specialized engines)‍
• Data protection: Eden AI will not store or use any data. Possibility to filter to use only GDPR engines.