OCR for Letters of Credit
Extract and parse data from letters of credit with AI-powered OCR software. Transform letters of credit (LCs) into digital data instantly.
Trusted by 1000+ brands worldwide
Ensure flawless data extraction
Get the most of your LCs. Extract data fields with top-notch accuracy, always.
Accelerated workflow with lightning-fast OCR
Reduce turnaround time with real-time feedback. Send and receive data instantly.
Simpler operations, less manual data entry
Automate your workflows, prevent errors, and enjoy higher customer satisfaction.
How it works
Process Letters of Credit in Just a Few Steps
Instantly capture and convert your LCs into any structured format for easier integration. Always get the best results with automatic edge detection for more accurate processing.
Send Your Letters of Credit
Scan your LCs with our mobile scanning SDK or upload them to our platform in any of these formats:
.jpg, .jpeg, .png, .pdf, .doc, .docx, .xlsx, .heic,.webp, and more.Extract Data
Choose which data fields you want to extract, such as the issuing bank name, address details, or issue date to name a few.
Receive Formatted Output
Thanks to machine learning, you can have your data in a structured format like JSON, XML, or CSV.
Forward Your Data
After transforming your data into a structured format, you can then forward it to your software of choice for further processing.
What Data Fields You Can Capture with Klippa’s Letter of Credit OCR
Here are a few examples of data fields you can extract. All fields can be fully customizable to your needs. Need to extract additional fields? Let us know!
Klippa DocHorizon
Letter of Credit OCR Features
Our machine learning technology can automate many LC related business processes via our IDP platform, APIs and SDKs.
Letter of credit scanning
Format conversion to structured data
Image to text and JSON with OCR
Data extraction on letters of credit
Classification of letters of credit
(Cross) validating LC data
Workflow automation
Digitization of letters of credit
How To Implement
Automate LC Processing With Software
Klippa provides easy integration via our platform, API, or SDK, and broad compatibility with major platforms and tools. Our well-documented solutions guarantee a hassle-free and smooth experience.
Low-Code Platform
Easily create & automate your entire document workflow on one IDP platform.
API Integration
Connect our document conversion module to your own application(s) via API.
Mobile Scanning SDK
Employ our SDKs to empower your mobile applications with smart scanning.
We Take Your Data Privacy & Security Seriously
“It is extremely pleasant to work together with a party that is as ambitious as we are. The willingness and speed with which Klippa implemented specific modifications for us is impressive.”
Let’s begin!
Discover the power of Klippa’s letter of credit OCR, as our experts help you revolutionize your document processing.
Frequently Asked Questions
What is a letter of credit?How does letter of credit scanning work?What data can be extracted from with letter of credit OCR?What languages does Klippa support?Is Klippa’s letter of credit processing GDPR-compliant?How can I integrate Klippa’s letter of credit OCR?
What is a letter of credit?
A letter of credit (LC) is a financial document issued by a bank on behalf of a buyer (importer) guaranteeing payment to a seller (exporter) for goods or services provided by the seller, provided the seller meets pre-established conditions.
How does letter of credit scanning work?
You can use our OCR SDK scanner for direct scanning or upload photos and PDFs to our OCR API, starting the process with a simple action and then letting technology take over.
Klippa’s software then analyzes the light and dark patterns that make up the letters and numbers to convert the scanned image into text. After that, data fields are identified and extracted from the letter of credit.
What data can be extracted from with letter of credit OCR?
There are a range of data fields and sections that can be extracted with letter of credit OCR. These include but are not limited to, the name of the bank, the applicant, the date of issue and the signature.
For more information on the data fields that can be extracted, contact us.
What languages does Klippa support?
Currently, Klippa supports all Latin languages. Our engine performs best on LCs in English, Dutch, Norwegian, Danish, Swedish, Finnish, Italian, Portuguese, Spanish, German, and French.
However, other languages can be supported on request. We’re open to training our machine learning models. If you have a specific case, don’t hesitate to contact us.
Is Klippa’s letter of credit processing GDPR-compliant?
By default, Klippa does not store any customer data. Data is always processed under a data processing agreement (DPA) and all services from Klippa are compliant with GDPR. All data transfer is done via secure SSL connections.
Our servers are ISO-certified and by default located in Amsterdam, the Netherlands. Getting a custom server on a location of choice is possible in any location worldwide.
On a regular base, our security is tested via third-party penetration testing to ensure state-of-the-art security at all times.
How can I integrate Klippa’s letter of credit OCR?
Our API can be implemented into any software, web or mobile solution that you may be using. The main source of communication is JSON, so it is independent of specific programming languages.
Our mobile SDKs have been built using native IOS (Swift) and native Android (Kotlin). This means they can be implemented into native apps, but they can also be wrapped for cross-platform languages such as Xamarin, ReactNative, Nativescript, Flutter, PhoneGap, Cordova, Ionic and more.
Klippa’s solution is made in a developer-friendly way. It is well-documented, so that developers can have all the information they need to successfully implement our API.