Mark, the Financial Data Analyst at MDFT Pro, is tasked with automating the expense reporting process for trainers and staff who frequently travel to deliver courses and attend conferences. MDFT Pro, a well-known training agency, processes hundreds of expense receipts each month from business meals, hotel stays, training materials, and transportation costs. Mark needs to implement a solution that can automatically extract key financial information from receipt images and convert this data into structured spreadsheet format including transaction dates, merchant names, total amounts spent, and tax values for seamless integration with the company’s accounting system.
Which Azure AI service should Mark use to extract structured financial data from receipts for spreadsheet import?
Choose the correct answer from the options below.
Explanations for each answer: