Docsumo
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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
PDFGrid extracts specific values from text-based PDFs and exports them to Excel or CSV. It's built for the case where you have a folder of documents in the same format — supplier invoices, purchase orders, delivery notes — and you need the same few fields out of every one of them.
You define each field once, either by drawing a box on the document or by anchoring to a label near the value, and those definitions become a reusable template. Apply it to the rest of the batch, review every result, then export. Nothing is guessed or predicted: the same document always produces the same values.
Everything runs in your browser and documents are never uploaded, which matters if you handle client records, financial data or anything covered by a confidentiality agreement. An account is only needed if you want to save templates between sessions.
It does not do OCR, so scanned documents and photographs aren't supported — the text has to be selectable in the PDF.
Free to use. Built for finance, accounting, operations and logistics teams who are currently retyping numbers by hand.
Docsumo PDFGridPDFGrid's answer:
PDFGrid runs entirely in your browser — no upload, no server, nothing to install — and it extracts by explicit rules rather than prediction, so the same document always returns the same values.
Most tools do one or the other. Desktop applications run locally but need installing and administrator rights. Cloud services need your documents. AI extraction tools produce a different answer on a different day and give you a confidence score instead of a reason.
PDFGrid is a rule engine you can open in a tab on a locked-down machine, and whose output you can check afterwards because there is nothing probabilistic in it.
PDFGrid's answer:
Choose it when your documents are text-based PDFs in recurring formats, you need the same handful of fields out of a lot of files, and you'd rather define the rules yourself than trust a model's judgement about which number was the total.
And choose it when your organisation can't send client documents to a third party at all — a constraint that rules out most of the market before accuracy is even discussed.
Practically: nothing to install, no account needed to try it, a template you build once and reuse, and every extracted value visible before you export.
PDFGrid's answer:
People who receive the same kind of document over and over and need a few fields from each one in a spreadsheet — bookkeepers, accountants, accounts-payable and operations staff, logistics coordinators.
Usually not developers. There's no code, no API and nothing to install.
Usually small teams or sole practitioners rather than enterprises with a document ingestion platform. If you already have a pipeline, PDFGrid isn't trying to replace it.
And often people who can't use cloud extraction at all, because of client confidentiality or an internal policy that settles the question before anyone looks at features.
PDFGrid's answer:
I needed the same handful of fields out of a lot of similar PDFs, and everything I looked at fell into one of two groups.
The hosted tools wanted the documents on their servers, which isn't an option for a lot of the documents people actually have. The ones that ran locally were either developer libraries — write a parser, then maintain it forever — or they assumed every document was laid out identically, which stops being true on about the fourth file.
So I built the thing I wanted. Draw the fields on one document, save it as a template, apply it to the rest, check the results, export. It runs in the browser because that was the only way to do it without asking anyone to install software or trust me with their files.
Built and maintained by one person in the UK.
PDFGrid's answer:
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: about 4 years ago
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