Docsumo — AI Data Entry Tool
4.6 (from 8
reviews)
Rated #35 in
AI Data Entry Tools
What is Docsumo?
Docsumo extracts data from complex documents like ACORD forms and bank statements, enabling finance professionals to process hundreds of documents in seconds. It integrates with existing systems, allowing underwriters and accounts receivable teams to reduce manual data entry and improve accuracy in their workflows.
What sets Docsumo apart?
Docsumo specializes in processing a wide range of complex financial documents, from intricate contracts to detailed tax returns. The tool adapts to new document layouts without compromising accuracy, allowing finance teams to handle diverse paperwork. By automating data extraction, Docsumo helps underwriters cut manual review time for loan applications.
Docsumo Use Cases
- Automate invoice processing
- Extract data from PDFs
- Digitize unstructured documents
- Streamline KYC processes
Who uses Docsumo?
Features and Benefits
- Document ClassificationAutomatically categorize and sort incoming documents into specific folders for quick retrieval and data extraction.
- Data ExtractionExtract key values and tables from unstructured documents using AI-powered models.
- Validation RulesCreate custom rules to validate extracted data within documents or against databases.
- API IntegrationIntegrate extracted data with existing systems using ready-to-use APIs for various industries.
- Review and ApproveVerify and edit extracted data through an embeddable review screen before finalizing.
Docsumo Pros and Cons
Pros
- Automates data extraction from unstructured documents
- Reduces manual data entry time and errors
- Customizable for specific document types and industries
- Offers flexible pricing based on document volume
- Provides high accuracy in data extraction
Cons
- User interface could be more intuitive
- May require initial setup and training
- Limited coverage for certain document types
- Occasional issues with complex or non-standard documents
- Some users report communication challenges with support team
Pricing
Free TrialGrowth $500/mo
- Pre-trained APIs for invoices, purchase orders, and ID cards
- 3 Users
- Data accuracy confidence scores
- Machine learning capability
- Table Vision
Business Price not available
- All documents in Growth + Bank statements, Tax returns, Insurance certificates, & Utility Bills
- 10 Users
- Data accuracy confidence scores
- Machine learning capability
- Parse emails
- Validate via rules and basic analytics
- Train custom ML model
- OMR & Handwritten Text Extraction
Enterprise Price not available
- All documents in Business + Financial statements, T12 operating statements
- Unlimited users
- Data accuracy confidence scores
- Machine learning capability
- Parse emails
- Advanced validation and analytics
- Train custom ML model
- Table categorization
- Auto-classification of Documents
- OMR & Handwritten Text Extraction