IP Library Granted Patent US 10,019,740
Granted Patent B2
US 10,019,740 · App. 15/544,008 · Granted Jul 10, 2018

System and methods of an expense management system based upon business document analysis

Inventors: Amos Simantov (Hod Hasharon, IL); Roy Shilkrot (Kibbutz Negba, IL); Arnon Yaar (Ramat Hasharon, IL)
Assignee: WAY2VAT LTD.
G06Q30/04G06F15/18G06K9/00456
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Quick Facts
Patent No.
US 10,019,740
App. No.
15/544,008
Granted
Jul 10, 2018
Kind
B2
Abstract

The disclosure herein relates to business content analysis. In particular, the disclosure relates to systems and methods of an expense management system operable to perform automatic business documents' content analysis for generating business reports associated with automated value added tax (VAT) reclaim, Travel and Expenses (T&E) management, Import/Export management and the like. The system is further operable to provide various organizational expense management aspects for the corporate finance department and the business traveler based upon stored data. Additionally, the system is configured to use a content recognition engine, configured as an enhanced OCR mechanism used for extracting tagged text from invoice images and also provides continuous learning mechanism in a structured mode allowing classification of invoice images by type, providing continual process of improvement and betterment throughout.

Claims (17)

1. An expense management system operable to perform invoice content analysis, said expense management system comprising:

an invoice content analyzer operable to perform automated analysis of at least one digital invoice;

an invoice content generator operable to read at least one digital source comprising said at least one image of said digital invoice and further configured to classify at least one tagged text from said at least one digital image into a specific set of fields; and

a machine learning engine comprising a knowledge repository, said machine learning engine operable to continuously update the knowledge repository with data pertaining to said at least one image,

wherein said expense management system is operable to produce one or more analysis results, and

communicate at least one business report comprising at least one of the results via a communication interface; and

wherein said invoice content analyzer is operable to:

perform a series of implied transformation procedures on invoice related elements;

perform invoice image related context analysis; and

perform textual analysis,

wherein said invoice image related context analysis comprises field classification of relative relations between records within said at least one image of said digital invoice.

2. The expense management system of claim 1 wherein said image related context analysis further comprises classification related to alignment of invoice records within said image.

3. The expense management system of claim 2 wherein said alignment is selected from horizontal and vertical level alignment.

4. The expense management system of claim 1 wherein said image related context analysis further comprises classification related to justification of invoice records within said image.

5. The expense management system of claim 4 wherein said justification is selected from right justification and left justification.

6. The expense management system of claim 1 wherein said image related context analysis further comprises identification of language direction.

7. The expense management system of claim 6 wherein said language direction is selected from left-to-right language direction and right-to-left language direction.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 7, 2018
From: SIMANTOV, AMOS, MR.; SHILKROT, ROY, MR; YAAR, ARNON, MR
To: WAY2VAT LTD.
Reel/Frame 046013/0714 →
Continuity (2)
Provisional Application 62238148 · Oct 7, 2015
Related Publication 20180012268A1 · Jan 11, 2018
Cited By (8)
US 12,229,735 US 12,254,463 US 12,265,958 US 12,299,680 US 12,373,903 US 12,536,530 US 12,664,531 US 12,711,485