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

Algodocs is an intelligent document processing tool that harnesses AI technology to automate data extraction from business documents. Trusted by customers globally, Algodocs streamlines processes by offering fast, secure, and accurate extraction of document data.

The platform features AI-based intelligent extraction, rule-based extraction, and the enhancement of extracted data. Users can easily customize data extraction rules, handle business exceptions, and receive instant notifications for missing or incorrect data.

Algodocs also allows for automated exporting of extracted data to various applications and formats. With advanced features like handwriting recognition and automatic form key-value pairs and table extraction, Algodocs ensures high accuracy and efficiency in data processing.

Whether it's PDF invoices, bank statements, HR forms, receipts, or sales orders, Algodocs can extract data from virtually any document type without the need for templates or labeling training.

Use cases & applications

• ✔️ Automate the extraction of invoice data from PDF documents with Algodocs, saving time and reducing errors in financial record-keeping processes. • ✔️ Efficiently extract key information from HR forms using Algodocs' intelligent extraction capabilities, ensuring accurate and streamlined handling of sensitive employee data. • ✔️ Enhance the document processing workflow by extracting and exporting data from bank statements to various applications and formats seamlessly with Algodocs.