Extract data from utility bills in seconds
No matter the municipality or service, confidently extract the data you need from every utility bill. Whether you’re establishing proof of residence or tracking utility usage, get the data you need automatically in seconds.
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Up-to-date & accurate documentation
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Extract the data you need from utility bills with Sensible
Utility bills are a mainstay in the financial services and insurance industries as a proof of residency or place of business verification, yet manually extracting data from utility bills is tedious and time-consuming. Save time and effort, and increase accuracy by automating this data extraction, and guarantee that you always have the most up-to-date information.
Sensible automates utility bill extraction – no matter the service, format, or municipality – so teams can increase processing efficiency, and reduce the risk of manual error.
Common utility bill extraction use cases
No matter where utility bill extraction falls in your tech workflow, trust Sensible to accurately extract the data you need in real time.
Establish proof of residency
Easily verify residency or current address by automating utility bill data extraction. Reduce time manually imputing data and focus on decision-making.
Verify place of business
Establish a business’ location by parsing data from their utility bills. Expedite validation to deliver answers to your clients sooner.
Inform credit access
Assess clients’ credit eligibility by tracking consistency on utility bill payments. Automatically extract data to focus on trends, not data entry.
Track utility usage
Analyze trends in usage over time without manually entering in usage over months – or years.
What data can Sensible extract from utility bills?
Some of the key data that Sensible can extract from utility bills includes:
Service Information
- Meter Number
- Current Meter Reading
- Prior Meter Reading
- Total Usage
- Baseline Territory
- Heat Source
- Serial
- Rotating Outage Block
- Rate Schedule
- + more
Account Information
- Account Number
- Statement Date
- Amount Owed
- Due Date
- Customer’s Name
- Customer’s Address
- + more
Monthly Usage
- Use of Service in Billing Period
- Year-to-date Usage
- Fees
- Surcharges
- Generation Credit
- Billing Terms
- + more
The Document Automation Platform for Developers
Sensible is the developer-first platform that makes accessing the data in documents as easy as calling an API. Avoid PDF parsing headaches with Sensible Instruct – just describe the data you want to extract, and integrate it into your workflow or system. Augment Sensible Instruct with SenseML to maintain full control and visibility over your data extraction.
“Sensible was a clear front-runner when it comes to getting together a working solution as quickly as possible, and the ability to handle documents in a way that’s really configurable, all within our budget.”
Adam McCann
Co-founder & CEO, Claimer
Developers
Focus on building apps, not document extraction
Sensible gives you customizable control over your entire extraction process. Combine LLM and layout-based extraction methods to accurately extract data. There are no models to train (or retrain), and no onerous data requirements. Onboard using a single sample document, and publish production API endpoints in seconds.
Product Managers
Scale your business without reinventing the wheel
Sensible provides embeddable document extraction infrastructure so that your team can focus on building a great product, not wrangling OCR and AI services. Integrate with your product in just a few lines of code, saving hundreds of hours of development and ongoing maintenance.
Extract utility bills with just a few lines of code
Stop relying on manual data entry. With Sensible, you can claim back valuable time. Your ops team will thank you and you can deliver a superior user experience. It’s a win-win.
Stop relying on manual data entry to parse utility bills. With Sensible, claim back valuable time while ensuring mission-critical accuracy in proof of residency or business location verification workflows. Your engineering team will thank you and you can deliver a differentiated user experience. It’s a win-win.
Start with 100 documents free per month
Up-to-date & accurate documentation
Fast, technical customer support
Utility Bill Parsing FAQs
We’d be happy to answer any additional questions. Please book a demo with our team to get more information.
Utility bill parsing, also known as utility bill extraction, is a technological process that extracts and organizes data from utility bills in a structured format. The goal of utility bill parsing is to save time, reduce human error, increase processing efficiency, and improve data accuracy in KYC and KYB verification.
This process often involves utilizing natural language processing (NLP) and machine learning algorithms to identify crucial information such as service information, account details, monthly usage, meter readings, fees, due dates, customer information, and more. The extracted data is then categorized and stored in a systematic manner, allowing for efficient searching, analysis, and management.
At Sensible, our AI-powered platform provides robust utility bill parsing capabilities that are customizable, accurate, and fast.
Utility bill parsing, also known as utility bill extraction, is the process of converting unstructured utility bill data into a structured format. Here's how it generally works:
Document Input: A utility bill in various formats - such as .doc, .pdf, .txt, or even scanned images - is uploaded into the utility bill parser.
Pre-processing: The parser software performs preprocessing steps to prepare the document for extraction. This can include Optical Character Recognition (OCR) for scanned images or PDFs, removing special characters, and converting the entire text to a standard format.
Parsing: The parser then analyzes the standardized text to identify and tag different sections such as account details, meter usage, rate schedules and so on. Advanced parsers, like Sensible, can even handle complex structures such as tables, checkboxes, and handwriting.
Data Extraction: After tagging, the parser extracts relevant data points based on predefined categories or tags. The parser converts these data points into a structured format, making it easy to store, manage, and analyze.
Output: The parser generates an output usually in a structured format like JSON or XML that can easily be incorporated into various applications and systems.
It's important to note that the quality and accuracy of utility bill parsing can significantly vary based on the parsing software used. Sensible’s advanced AI-driven approach to utility bill parsing ensures high accuracy and versatility, capable of handling various document types and layouts, even ones it has not encountered before. This provides users with reliable and efficient extraction of data from utility bills.
Utility bill parsing can be particularly useful in industries such as financial services, insurance, property management, and utilities, where there is a need to process large volumes of utility bills regularly for various purposes such as proof of residency or business location verification.
- Financial services: Banks, lending institutions, and financial service providers often require utility bills for proof of residency or business location verification. Automating utility bill parsing can streamline the verification process and improve efficiency in assessing clients' credit eligibility.
- Insurance: Insurance companies frequently require utility bills for verifying policyholder information, including residency and property details. By automating utility bill parsing, insurance companies can expedite the underwriting process and reduce manual data entry errors.
- Property management: Property management companies and landlords deal with numerous utility bills associated with rental properties. Automating utility bill parsing can help streamline accounting processes, track utility usage, and verify tenant residency more efficiently.
- Utilities: Utility companies themselves can benefit from automating utility bill parsing for internal operations, such as billing, customer service, and data analysis. It can help improve accuracy in billing, identify trends in usage patterns, and enhance customer satisfaction.
- Energy management and sustainability: Companies focusing on energy management and sustainability initiatives can use automated utility bill parsing to track and analyze energy consumption trends. This data can help identify opportunities for energy conservation, cost reduction, and environmental sustainability efforts.
- Governments and municipalities: Government agencies and municipalities often require utility bills for various purposes, such as verifying residency for public services or assessing tax obligations. Automating utility bill parsing can streamline administrative processes and improve the accuracy of data collection for governmental purposes.
Building a utility bill parser involves multiple steps, often requiring specialized technical knowledge. Here is a high-level overview of the process:
Document Upload: Implement a feature that allows users to upload their utility bills in various formats such as DOCX, PDF, or TXT.
Text Extraction: Use a text extraction tool or library to read and extract text from the uploaded utility bills. This process may involve Optical Character Recognition (OCR) for scanned documents or images.
Text Cleaning: Once the text is extracted, clean it by removing unnecessary spaces, symbols, and formatting to ensure better parsing.
Keyword Identification: Identify relevant keywords that correspond to the data you want to extract from utility bills, such as service information, account details, monthly usage, meter readings, fees, due dates, customer information, and more.
Natural Language Processing (NLP): Apply NLP techniques to understand the context around these keywords. This helps to accurately extract and categorize data.
Information Extraction: Based on the identified keywords and their context, extract the necessary information and structure it in a useful format like JSON or CSV.
Validation and Testing: Validate the extracted information to ensure its accuracy. This involves testing the parser with various types of utility bills and improving it as necessary.
While these steps provide a basic outline, building a utility bill parser from scratch can be complex and time-consuming. That's where Sensible comes in.
Sensible offers an efficient and reliable solution for parsing utility bills. It's powered by AI, uses natural language processing, and provides a simple to integrate API. All you need to do is upload your documents and describe the data you need, and Sensible will extract it for you instantly.