Alphamoon.ai VS Docsumo

Alphamoon is an award-winning Machine Learning, NLP, and Data Science company helping companies automate their document processing and extract valuable document data using an AI-based platform.

We developed a technology that reduces the time and cost of document processing by automating it, with the help of state-of-the-art AI methods and NLP. The technology is designed to collect and process data from any kind of document in any format. Our platform can be easily adapted without additional implementation or coding, providing customers with a costless extension to automate multiple business processes.

The number of potential use cases is constantly expanding. Currently, they range from fintech, banking, insurance, and debt collection to retail and specific case-by-case implementations. Among those specific applications, Alphamoon’s AI excels in improving skip tracing processes, data extraction from invoices, and meeting various OCR-based needs.

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Docsumo is an intelligent document processing platform for financial services firms. Docsumo helps businesses and enterprises extract data from documents, analyze that data and detect document fraud.

Docsumo’s technology reduces back-office costs by up to 70% and increases productivity by 50%. For every million documents processed by a bank at about $1 per document, DocSumo can directly save $700k. What differentiates Docsumo is that their technology can read non-standardised documents such as bank statements, invoices, pay stubs and contracts with over 99% accuracy and more than 95% straight-through processing.

Docsumo features include:-

✅Data Capture from forms, semi-structured and unstructured financial documents ✅Pre-Trained API stack for loan application, insurance compliance, invoices, supply chain management, and Commercial Real Estate applications ✅Review & edit tool that allows you to click on any text in a document to capture data without manual entry ✅Out of the box API endpoint (accessible via Settings page) & option to download CSV ✅Multiple learning mechanism to ensure maximum accuracy ✅Simple pay as you go pricing ✅Ability to customize fields from the frontend ✅Define templates for recurring documents ✅Self-train neural network on your dataset

Choose Docsumo, if you want to:- - Automate the document data extraction end-to-end - Efficiently scale your process and your business eliminating manual data entry - Reduce risk by validating data