{"id":3623,"date":"2020-10-18T06:29:33","date_gmt":"2020-10-18T06:29:33","guid":{"rendered":"https:\/\/way2vat.com\/?p=3623"},"modified":"2020-10-18T06:29:33","modified_gmt":"2020-10-18T06:29:33","slug":"WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool","status":"publish","type":"post","link":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/","title":{"rendered":"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool"},"content":{"rendered":"<p><em>New technology expected to improve invoice analysis accuracy<\/em><\/p>\n<p>October 15, 2020 \u2013 WAY2VAT, the leader in automated VAT\\GST reclaim for business, was awarded a patent for its groundbreaking VAT\\GST analysis services. The patent describes a deep learning method with convolutional neural networks that combine image and text to analyze invoice images and extract field data to recover the transaction information. Using this technology, the deep learning tools are capable of reading scanned data more accurately than existing models on the market today.<\/p>\n<p>Automated VAT\\GST reclaim solutions typically scan invoices and receipts. However, automated systems struggle to identify information on slips of paper that are frequently crumpled, have printing imperfections, missing data, and printed using low-quality dot matrix fonts on paper that fades quickly. WAY2VAT\u2019s new patent uses a series of unique process called Skip-Rect Embedding, OCR Error Correction with Skip-Rect Embedding, and Deep Field tagging to fully extract usable data.<\/p>\n<p>As a result, businesses are able to use WAY2VAT\u2019s automated processes to recover larger amounts of VAT\\GST. The deep learning elements within the system is capable of recognizing and understanding data, which is used as part of the process in VAT\\GST recovery.<\/p>\n<p>This patent is one of several that WAY2VAT has been awarded. As the first vendor with patented AI technology WAY2VAT is able to increase the amount of reclaimed VAT\\GSTby as much as 30%. WAY2VAT looks forward to continuing to serve its global customers and facilitating refunds which can be as high as 27% of any invoice.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New technology expected to improve invoice analysis accuracy October 15, 2020 \u2013 WAY2VAT, the leader in automated VAT\\GST reclaim for business, was awarded a patent for its groundbreaking VAT\\GST analysis services. The patent describes a deep learning method with convolutional neural networks that combine image and text to analyze invoice images and extract field data [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,1],"tags":[],"class_list":["post-3623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-vatgst"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WAY2VAT Receives Patent for Deep Learning Image Tagging Tool - w2v<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool - w2v\" \/>\n<meta property=\"og:description\" content=\"New technology expected to improve invoice analysis accuracy October 15, 2020 \u2013 WAY2VAT, the leader in automated VATGST reclaim for business, was awarded a patent for its groundbreaking VATGST analysis services. The patent describes a deep learning method with convolutional neural networks that combine image and text to analyze invoice images and extract field data [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/\" \/>\n<meta property=\"og:site_name\" content=\"w2v\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-18T06:29:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"elad@finext.co.il\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"elad@finext.co.il\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/\",\"url\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/\",\"name\":\"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool - w2v\",\"isPartOf\":{\"@id\":\"https:\/\/way2vat.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg\",\"datePublished\":\"2020-10-18T06:29:33+00:00\",\"dateModified\":\"2020-10-18T06:29:33+00:00\",\"author\":{\"@id\":\"https:\/\/way2vat.com\/#\/schema\/person\/58171f6e00c988121574f5cc9bdc2f06\"},\"breadcrumb\":{\"@id\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#primaryimage\",\"url\":\"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg\",\"contentUrl\":\"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg\",\"width\":1200,\"height\":627},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/way2vat.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/way2vat.com\/#website\",\"url\":\"https:\/\/way2vat.com\/\",\"name\":\"w2v\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/way2vat.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/way2vat.com\/#\/schema\/person\/58171f6e00c988121574f5cc9bdc2f06\",\"name\":\"elad@finext.co.il\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/way2vat.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/270b9d0ffca074ddbdf17bef4d6ab751?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/270b9d0ffca074ddbdf17bef4d6ab751?s=96&d=mm&r=g\",\"caption\":\"elad@finext.co.il\"},\"sameAs\":[\"https:\/\/way2vat.com\"],\"url\":\"https:\/\/way2vat.com\/author\/eladfinext-co-il\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool - w2v","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/","og_locale":"en_US","og_type":"article","og_title":"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool - w2v","og_description":"New technology expected to improve invoice analysis accuracy October 15, 2020 \u2013 WAY2VAT, the leader in automated VATGST reclaim for business, was awarded a patent for its groundbreaking VATGST analysis services. The patent describes a deep learning method with convolutional neural networks that combine image and text to analyze invoice images and extract field data [&hellip;]","og_url":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/","og_site_name":"w2v","article_published_time":"2020-10-18T06:29:33+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg","type":"image\/jpeg"}],"author":"elad@finext.co.il","twitter_card":"summary_large_image","twitter_misc":{"Written by":"elad@finext.co.il","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/","url":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/","name":"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool - w2v","isPartOf":{"@id":"https:\/\/way2vat.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#primaryimage"},"image":{"@id":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#primaryimage"},"thumbnailUrl":"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg","datePublished":"2020-10-18T06:29:33+00:00","dateModified":"2020-10-18T06:29:33+00:00","author":{"@id":"https:\/\/way2vat.com\/#\/schema\/person\/58171f6e00c988121574f5cc9bdc2f06"},"breadcrumb":{"@id":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#primaryimage","url":"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg","contentUrl":"https:\/\/way2vat.com\/wp-content\/uploads\/2020\/10\/403832_BLOG-BANNER_33.jpg","width":1200,"height":627},{"@type":"BreadcrumbList","@id":"https:\/\/way2vat.com\/WAY2VAT-receives-patent-for-deep-learning-image-tagging-tool\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/way2vat.com\/"},{"@type":"ListItem","position":2,"name":"WAY2VAT Receives Patent for Deep Learning Image Tagging Tool"}]},{"@type":"WebSite","@id":"https:\/\/way2vat.com\/#website","url":"https:\/\/way2vat.com\/","name":"w2v","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/way2vat.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/way2vat.com\/#\/schema\/person\/58171f6e00c988121574f5cc9bdc2f06","name":"elad@finext.co.il","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/way2vat.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/270b9d0ffca074ddbdf17bef4d6ab751?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/270b9d0ffca074ddbdf17bef4d6ab751?s=96&d=mm&r=g","caption":"elad@finext.co.il"},"sameAs":["https:\/\/way2vat.com"],"url":"https:\/\/way2vat.com\/author\/eladfinext-co-il\/"}]}},"_links":{"self":[{"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/posts\/3623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/comments?post=3623"}],"version-history":[{"count":0,"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/posts\/3623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/media\/3626"}],"wp:attachment":[{"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/media?parent=3623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/categories?post=3623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/way2vat.com\/wp-json\/wp\/v2\/tags?post=3623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}