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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.
Docsumoโs 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:-
โ Data Capture from forms, semi-structured and unstructured financial documents โ Pre-Trained API stack for loan application, insurance compliance, invoices, supply chain management, and Commercial Real Estate applications โ Review & edit tool that allows you to click on any text in a document to capture data without manual entry โ Out of the box API endpoint (accessible via Settings page) & option to download CSV โ Multiple learning mechanism to ensure maximum accuracy โ Simple pay as you go pricing โ Ability to customize fields from the frontend โ Define templates for recurring documents โ 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
Tired of Manually Typing Transactions from Bank & Credit Card Statements? Reclaim Your Time with FastStatements! Stop wasting valuable hours on tedious, error-prone data entry. FastStatements is your expert solution, leveraging cutting-edge AI to automatically and accurately extract transaction data from your bank and credit card statements (including PDFs) and convert it into clean, usable Excel (CSV) files in seconds. Experience the Power of Intelligent Automation: - AI-Powered Extraction: Simply upload your statement file. Our sophisticated AI engine intelligently identifies and extracts crucial details: transaction dates, descriptions, amounts, credits, debits, and running balances. We handle various layouts, ensuring high accuracy and reliability you can trust. - Automated Categorisation: Gain instant insights! Where available in the transaction description, FastStatements automatically assigns relevant spending categories (e.g., Groceries, Utilities, Travel), saving you further analysis time. - Standardised & Clean Data: No more messy formatting! We automatically standardize dates (e.g., YYYY-MM-DD) and clean up amount fields into consistent numerical formats. This ensures your data is immediately ready for seamless import into accounting software (like QuickBooks, Xero), budgeting tools, or detailed spreadsheet analysis. Reliable, consistent data is crucial for accurate financial management. - Secure Processing: We understand the sensitivity of financial documents and prioritize handling your data securely throughout the conversion process. - Download Instantly: Get your structured transaction data in a universally compatible CSV/Excel format with just one click.
Perfect For: Freelancers, small businesses, accountants, bookkeepers, and anyone needing to efficiently digitise statement data for budgeting, expense tracking, reconciliation, or tax preparation.
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FastStatements's answer:
Sophisticated AI engine intelligently identifies, Standardise, Clean and Categorise your data
Based on our record, Docsumo seems to be more popular. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.
Aayush here from Docsumo.com, we are a Document AI platform that empowers tech & ops teams to scale operations effortlessly by capturing, validating & analyzing unstructured documents. We recently raised $3.5 Million from Marquee investors. Source: over 3 years ago
Check out our website https://docsumo.com/ and blog https://docsumo.com/blog for more details. Source: almost 4 years ago
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