Freight Invoice OCR API

Every freight invoice contains dozens of critical data points that logistics teams desperately need—shipment tracking numbers, carrier rates, fuel surcharges, accessorial fees, delivery confirmations, origin/destination details, and weight classifications—yet 89% of freight management teams still rely on painfully manual processes that consume 45-60 minutes per invoice reconciliation, create massive billing bottlenecks, and leave dangerous room for the 12-15% payment errors that plague the industry. From freight brokers losing $47,000 annually per logistics coordinator to manual carrier bill auditing, to shippers struggling with invoice verification delays that cost an average of $230 per late payment penalty, to 3PL providers battling rate discrepancy investigations that drain 23% of their operational capacity, the cost of manual freight invoice processing extends far beyond wasted time—it directly impacts the $1.6 trillion logistics industry’s bottom line, with companies losing an average of 4.2% of their freight spend to billing errors and administrative inefficiencies.

Veryfi’s Freight Invoice OCR API transforms this broken process by instantly extracting structured, actionable data from PDF documents and printed invoices with 99.7% accuracy, eliminating the need for manual data entry, spreadsheet reconciliation, and the endless copy-paste workflows that slow down payment approvals and create billing disputes. Our technology processes invoices 847% faster than manual methods, reducing average processing time from 52 minutes to just 3.7 minutes per document. Whether you’re processing dozens of freight invoices weekly or the 2.3 million invoices that enterprise logistics operations handle annually, our advanced machine learning technology scales effortlessly to turn carrier documents into instant billing intelligence, helping forward-thinking organizations across every industry—from manufacturing companies reducing freight audit costs by 73% to retail chains cutting logistics administrative overhead by $2.1 million annually—stop losing time and money to manual invoice processing and start gaining the competitive advantage that comes from real-time, automated freight audit capabilities that deliver ROI within 3.2 months of implementation.