Learn how to use Form Recognizer’s pre-built receipt model to extract key information from sales receipts, such as taxes paid and receipt totals, with no training required.
Table of Contents
Question
You are planning on creating an Al solution that will use a pre-built receipt model of Form Recognizer. Which of the following key information is the model able to extract.
Select all options that apply.
A. Taxes paid
B. Receipt totals
Answer
A. Taxes paid
B. Receipt totals
Explanation
The model is able to extract key information from the receipt slip, such as time of transaction, taxes paid, or receipt totals.
The correct answer is A and B. The pre-built receipt model of Form Recognizer can extract key information from sales receipts, such as the time and date of the transaction, merchant information, the amounts of taxes, totals, and more, with no training required. This means that the model can identify and capture the values of taxes paid and receipt totals from the receipts, as well as other relevant information. The model uses optical character recognition (OCR) technology and deep learning models to analyze and extract the text and structure of the receipts, even if they are of various formats and quality, such as printed, handwritten, scanned, or photographed.
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