Docsumo VS Pen2txt

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

Pen2txt.com is an online handwriting recognition service that allows you to extract text from handwritten documents, notes, and forms. It utilizes advanced AI models to accurately recognize handwritten text across numerous languages, including cursive styles.

Key features of pen2txt.com:

Handwritten Text Recognition: Upload images containing handwriting, and pen2txt will automatically recognize and digitize the handwritten text content.

Extensive Language Support: It can recognize handwriting in numerous languages.

Live Correction with Chatbot: A chatbot is integrated to allow users to provide corrections and get translations in real-time on the extracted text output.

Output Format: Extracted text can be copied and pasted for easy editing and use.

High Accuracy: Employs state-of-the-art deep learning models trained on millions of handwriting samples, providing the best handwriting recognition solution currently available globally.

Pen2txt.com aims to streamline the process of digitizing handwritten content from various sources, saving significant time over manual transcription. The service is valuable for individuals, businesses, researchers, and anyone needing to efficiently extract text from handwritten documents. Currently, no API is available for integration into applications or workflows.