What is an AI parser?

Portrait of Neha Gunnoo
by Neha Gunnoo
3 mins read
last updated on

Remember when humans thought manually sifting through data was fun? Me neither! Thankfully, there are AI parsers that will do the tedious and complex job for us so that we can sit back and relax.

And, I'm assuming you found this article because you're looking at optimizing your time with an AI parser. Without further ado, let's dive in.

AI parser (101): Back to the basics

An AI (artificial intelligence) parser is a data extraction tool that extracts data from any document using its AI engine.

Why should you use an AI parser?

Picture this: It's 6 p.m. on a Friday evening, and you're still stuck at the office. You dream about tapas and Agua de Valencia (for later) with your friends but, unfortunately, you have a lot of invoices to go through and input invoice data into the accounting system.

Manual data processing has never been fun. It is time-consuming, boring and not productive at all. Even if you hire someone to do manual data entry tasks for you, you can be sure that he/she will not be a motivated employee.

If we take invoice processing as a use case, the manual steps are as follows:

  • Manually go through invoices and look for important information such as invoice dates, invoice numbers, customer details and the grand total.
  • Copy-paste those invoice data one by one into an Excel spreadsheet or input them into another software.

Trust me, this is not how you want to spend your Fridays (or any other day!).

AI parsers have revolutionized the way organizations do business

Extracting data from documents has changed over the years. Today, AI is our friend, our assistant, and sometimes the one who does all of our work while we sip Margarita.

According to the Global Data from IBM, 54% of organizations have reported being more efficient since they started using AI.

Additionally, using an AI parser is also cost-saving as it works quicker and is more accurate. You don't have to hire additional staff during peak season to get the work done. And, existing employees can be moved to other departments where they can be more creative and utilize their skills correctly.

When you think of AI parsers, what comes to mind?

  • Spending time training an AI model
  • Manual review of the AI data in the process
  • Complicated setup and integration with other apps

It is true that some AI data extraction tools are complicated. But, not Parseur! Our goal is to make you happy.

How does an AI parser work?

Parseur is different compared to the other AI tools (in a good way!).

  • Parseur has a free plan where you can test all the AI features.
  • You don't have to spend hours "training" the AI tool, just tell Parseur which data you want to parse and the AI engine will do its magic.
  • There is no human review in the process as everything is done automatically.
  • The AI parser can adapt to any type of document and use case.

Simply name your fields sensibly, and the AI engine will do the rest!

Does it sound too good to be true? Why don't you give Parseur a try and be the judge?

Should I invest in an AI parser? TL;DR

The answer is a resounding yes! I'm a firm believer that life is too short to spend on boring stuff. Invest in an AI tool (like Parseur) so that you can focus on more important things.

It's time to get into the AI game and play in the big leagues.

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