Businesses often struggle with inconsistent document extraction accuracy. An API with guaranteed SLAs could provide reliable, high-accuracy extraction for various document types.
The API would support multiple formats, offer real-time processing, and provide detailed error reporting. Businesses could integrate it into their workflows seamlessly.
Monetization would come from API usage fees based on volume and features.
Start with support for common document types like invoices and receipts. Expand to more formats based on demand.
The biggest risk is competition from established players with broader feature sets.