Are there any document processing tools that focus on extracting data from invoices and contracts automatically?

Yes — there are many document-processing tools built specifically to extract data from invoices and contracts automatically.

For invoices

These usually focus on:

• vendor name
• invoice number
• dates
• line items
• totals, taxes, PO numbers

Common options include:

• Rossum
• ABBYY FlexiCapture
• Google Document AI
• Microsoft Azure AI Document Intelligence
• Amazon Textract
• UiPath Document Understanding
• Hyperscience
• Nanonets
• Veryfi
• Docsumo

For contracts

These are often aimed at:

• party names
• effective dates
• renewal terms
• obligations
• termination clauses
• payment terms
• risk clauses

Common options include:

• Kira Systems
• Luminance
• Evisort
• LinkSquares
• Ironclad
• Eigen Technologies
• DocuSign Insight
• ContractPodAi

Some tools do both

A few platforms can handle both invoices and contracts, especially if they have broader OCR + AI extraction capabilities:

• ABBYY
• Microsoft Azure AI Document Intelligence
• Google Document AI
• Amazon Textract
• UiPath
• Nanonets

What to look for

When choosing one, check whether it supports:

• OCR accuracy
• structured field extraction
• table/line-item extraction
• custom templates or models
• human review workflow
• integration with ERP/CRM/document systems
• API access

If you want, I can also give you:

1. a comparison table of the top tools,
2. recommendations by business size/budget, or
3. a shortlist specifically for invoices, contracts, or both.