Software Alternatives, Accelerators & Startups

Docsumo VS PostgreSQL

Compare Docsumo VS PostgreSQL and see what are their differences

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Docsumo logo Docsumo

Extract Data from Unstructured Documents - Easily. Efficiently. Accurately.

PostgreSQL logo PostgreSQL

PostgreSQL is a powerful, open source object-relational database system.
  • Docsumo Docsumo Homescreen
    Docsumo Homescreen //
    2025-03-05
  • Docsumo Docsumo Integrations Hub
    Docsumo Integrations Hub //
    2025-03-05
  • Docsumo Docsumo Dashboard
    Docsumo Dashboard //
    2025-03-05
  • Docsumo Docsumo AI Models Hub
    Docsumo AI Models Hub //
    2025-03-05

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

  • PostgreSQL Landing page
    Landing page //
    2023-10-21

Docsumo

$ Details
paid Free Trial $500.0 / Monthly (Growth Plan | 3 Users | Pre-trained APIs for 3 document types)
Platforms
Web
Release Date
2019 October

Docsumo features and specs

  • Automated Data Extraction
    Docsumo automates data extraction from various documents including invoices, receipts, and forms, reducing the need for manual data entry and minimizing human error.
  • Advanced AI and Machine Learning
    Utilizes cutting-edge AI and machine learning algorithms to accurately capture and interpret complex data from documents, ensuring high accuracy.
  • Customizable Workflows
    Offers customizable workflows that can be tailored to specific business needs, allowing for flexibility in data processing and integration with other business systems.
  • Integration Capabilities
    Integrates seamlessly with various popular platforms such as QuickBooks, Zapier, and other API services, enhancing its utility and ease of use within existing business ecosystems.
  • User-Friendly Interface
    Boasts an intuitive and easy-to-use interface, making it accessible for users without extensive technical knowledge.
  • Scalability
    Capable of handling large volumes of documents, making it suitable for both small businesses and large enterprises.

PostgreSQL features and specs

  • Open Source
    PostgreSQL is an open-source database management system, which means it is free to use, modify, and distribute. This reduces the cost of database management for individuals and organizations.
  • ACID Compliance
    PostgreSQL is fully ACID (Atomicity, Consistency, Isolation, Durability) compliant, ensuring reliable transactions and data integrity.
  • Extensible
    PostgreSQL is highly extensible, allowing users to add custom functions, data types, and operators. This enables tailored solutions to specific requirements.
  • Advanced SQL Features
    PostgreSQL supports advanced SQL features like full-text search, JSON and XML data types, and complex queries, providing powerful tools for database operations.
  • Community Support
    There is a strong and active community around PostgreSQL, offering extensive documentation, forums, and collaborative support, which aids troubleshooting and development.
  • Multiple Indexing Techniques
    PostgreSQL offers a variety of indexing techniques such as B-tree, GIN, GiST, and BRIN, allowing for optimized query performance on various data types.
  • Cross-Platform Availability
    PostgreSQL runs on all major operating systems (Windows, MacOS, Linux, Unix), giving flexibility in deployment and development environments.

Possible disadvantages of PostgreSQL

  • Complex Configuration
    Setting up and configuring PostgreSQL can be complex and time-consuming, especially for beginners, requiring a good understanding of its parameters and best practices.
  • Heavy Resource Consumption
    PostgreSQL can be resource-intensive, consuming significant CPU and memory compared to other database systems, which may affect performance on lower-end hardware.
  • Backup and Restore Process
    The backup and restore process in PostgreSQL is not as straightforward as in some other database systems, requiring more manual intervention and understanding of tools like pg_dump and pg_restore.
  • Replication Complexity
    While PostgreSQL supports replication, setting it up can be more complex than some other databases. Advanced configurations like multi-master replication can be particularly challenging.
  • Steeper Learning Curve
    Due to its advanced features and extensive capabilities, PostgreSQL can have a steeper learning curve, making it harder for new users to get started compared to simpler database systems.
  • Less Third-Party Tool Support
    PostgreSQL has less support from third-party tools compared to more widely adopted databases like MySQL, which can limit options for auxiliary functions like administration, monitoring, and development.

Docsumo videos

How ClearOne Advantage Scaled 2X with Docsumo's Document Automation | Customer Success Story

More videos:

  • Tutorial - Process Bank Statements Inside Salesforce | Docsumo <> Salesforce Connector
  • Tutorial - Process ANY Complex Document Within Seconds in Docsumo

PostgreSQL videos

Comparison of PostgreSQL and MongoDB

More videos:

  • Review - PostgreSQL Review
  • Review - MySQL vs PostgreSQL - Why you shouldn&#39;t use MySQL

Category Popularity

0-100% (relative to Docsumo and PostgreSQL)
Data Extraction
100 100%
0% 0
Databases
0 0%
100% 100
AI
100 100%
0% 0
Relational Databases
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Docsumo and PostgreSQL

Docsumo Reviews

Best Income Verification Software in the UK: Top 10
Docsumo is an AI-powered document processing software that automates income verification by extracting data from payslips, bank statements, and tax records. It is widely used by financial institutions, lenders, and mortgage providers looking to speed up manual verification processes.

PostgreSQL Reviews

Data Warehouse Tools
Peliqan acts as a bridge, allowing you to e.g. effortlessly pull your PostgreSQL data into Google Sheets for easy access and analysis using its one-click connector. Additionally, Peliqan’s platform provides a user-friendly environment for data exploration, transformation with Magical SQL, and visualization capabilities, all without needing to switch between multiple tools.
Source: peliqan.io
Top 5 BigQuery Alternatives: A Challenge of Complexity
For over three decades, the open-source object-relational database system PostgreSQL has maintained its reputation as a top SQL server due to its features, performance, and reliability. (Heck, Redshift is even based on Postgres!) It's the go-to database solution for large corporations and organizations across a variety of industries from ecommerce to gaming to...
Source: blog.panoply.io
10 Best Database Management Software Of 2022 [+ Examples]
Applications Manager offers out-of-the-box health and performance monitoring for 20 popular databases including RDBMS, NoSQL, in-memory, distributed, and big data stores. It supports both commercial databases such as Oracle, Microsoft SQL, IBM DB2, and MongoDB as well as open source ones like MySQL and PostgreSQL.
Source: theqalead.com
ClickHouse vs TimescaleDB
Recently, TimescaleDB published a blog comparing ClickHouse & TimescaleDB using timescale/tsbs, a timeseries benchmarking framework. I have some experience with PostgreSQL and ClickHouse but never got the chance to play with TimescaleDB. Some of the claims about TimescaleDB made in their post are very bold, that made me even more curious. I thought it’d be a great...
9 Best MongoDB alternatives in 2019
PostgreSQL is a widely popular open source database management system. It provides support for both SQL for relational and JSON for non-relational queries.
Source: www.guru99.com

Social recommendations and mentions

Based on our record, PostgreSQL should be more popular than Docsumo. It has been mentiond 16 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.

Docsumo mentions (2)

  • Docsumo Nepal
    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 2 years ago
  • Opportunity for data scientists
    Check out our website https://docsumo.com/ and blog https://docsumo.com/blog for more details. Source: over 2 years ago

PostgreSQL mentions (16)

  • Convert insert mutation to upsert
    In this quick post, we’ll walk through implementing an Upsert operation in Hasura using PostgreSQL and GraphQL. - Source: dev.to / 8 months ago
  • Perfect Elixir: Environment Setup
    I’m on MacOS and erlang.org, elixir-lang.org, and postgresql.org all suggest installation via Homebrew, which is a very popular package manager for MacOS. - Source: dev.to / about 1 year ago
  • Rust & MySQL: connect, execute SQL statements and stored procs using crate sqlx.
    According to the documentation, crate sqlx is implemented in Rust, and it's database agnostic: it supports PostgreSQL, MySQL, SQLite, and MSSQL. - Source: dev.to / over 1 year ago
  • Really tired. Is PostgreSQL even runnable in Windows 10? pgAdmin4 stucks at Loading whatever I try.
    Solution is just downloading and installilng pgAdmin from official pgAdmin homepage version, not the one that is included in the postgresql.org package. Source: almost 2 years ago
  • Why SQL is right for Infrastructure Management
    SQL immediately stands out here because it was designed for making relational algebra, the other side of the Entity-Relationship model, accessible. There are likely more people who know SQL than any programming language (for IaC) or data format you could choose to represent your cloud infrastructure. Many non-programmers know it, as well, such as data scientists, business analysts, accountants, etc, and there is... - Source: dev.to / about 2 years ago
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What are some alternatives?

When comparing Docsumo and PostgreSQL, you can also consider the following products

Nanonets - Worlds best image recognition, object detection and OCR APIs. NanoNets’ platform makes it straightforward and fast to create highly accurate Deep Learning models.

MySQL - The world's most popular open source database

DocParser - Extract data from PDF files & automate your workflow with our reliable document parsing software. Convert PDF files to Excel, JSON or update apps with webhooks.

Microsoft SQL - Microsoft SQL is a best in class relational database management software that facilitates the database server to provide you a primary function to store and retrieve data.

Nanonets OCR - Intelligent text extraction using OCR and deep learning

SQLite - SQLite Home Page