Docsumo — AI Data Entry Tool

4.6 / 5 (from 8 reviews)

Rated #35 in AI Data Entry Tools

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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?

Credit Analysts Data Analysts Operations Analysts Auditors Legal Researchers Procurement Managers Bookkeepers Accounts Payable Analysts Business Analysts Compliance Managers Risk Analysts Tax Preparers Accountants Financial Analysts Administrative Assistants

Features and Benefits

Document Classification
Automatically categorize and sort incoming documents into specific folders for quick retrieval and data extraction.
Data Extraction
Extract key values and tables from unstructured documents using AI-powered models.
Validation Rules
Create custom rules to validate extracted data within documents or against databases.
API Integration
Integrate extracted data with existing systems using ready-to-use APIs for various industries.
Review and Approve
Verify 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 Trial

Growth $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

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