MUMBAI, India, Feb. 13 -- Intellectual Property India has published a patent application (202611000744 A) filed by Ct University, Ludhiana, Punjab, on Jan. 5, for 'artificial intelligence system and method for automated bill book management, error detection, and financial insights.'
Inventor(s) include Harinder Pal Singh Bassi; Dr. Davinder Kaur; Dr. Sangram Singh; Mrs. Mamta Devi; Dr. Sewa Singh; and Anu Arora.
The application for the patent was published on Feb. 13, under issue no. 07/2026.
According to the abstract released by the Intellectual Property India: "The present invention is an automated bill book administration, data extraction, and financial insight production that is based on artificial intelligence. It uses computer vision, multilingual OCR, and natural language processing to extract invoice fields, classify expenses, and verify tax information from handwritten or printed bills. To guarantee financial correctness, the system additionally conducts price deviation analysis, duplication checks, anomaly detection, and fraud identification. For better decision-making, integrated predictive analytics forecasts budget requirements, vendor trends, and spending patterns. Instantaneous historical record retrieval is made possible by a clever search module, and data integrity is optionally protected by a blockchain ledger. For automated, dependable, and insight-driven financial management, the idea can be used by SMEs, businesses, consultants, and merchants."
Disclaimer: Curated by HT Syndication.
