Frequently Asked Questions

Invoice IQ is an AI-powered purchase and invoice intelligence platform that helps you record, organize, and analyze purchases from multiple suppliers in one place.

Invoice IQ is useful for small businesses, distributors, shop owners, and individuals who need better visibility into purchase spending and supplier pricing.

Spreadsheets require manual updates and often miss trends. Invoice IQ automates structuring, tracks price movement, and highlights actionable insights without extra effort.

You can add data using manual entry, by uploading invoice photos for OCR extraction, or by describing purchases in natural language for AI-based structuring.

OCR works best with clear, well-lit invoice images. You can always review and edit extracted values before saving them to keep records accurate.

Yes. The prompt interface is designed for plain language, so users can describe purchases normally and let AI convert the text into structured fields.

You get metrics such as total spending, monthly trends, supplier activity, product-wise history, and alerts for unusual pricing changes.

Invoice IQ compares current and historical purchase records for each supplier-product pair to detect increases and decreases over time.

Yes. You can review supplier-wise rates and historical trends to choose better vendors and avoid overpaying.

Your purchase and invoice data is stored in MongoDB, allowing scalable and fast access as your records grow.

Yes. The platform uses a modern SaaS architecture with modular backend services, AI processing layers, and flexible storage design.

Start by adding a few recent invoices, then explore supplier pages and analytics dashboards to identify quick savings opportunities.