Docsumo
4.6
35

Not Claimed

Docsumo is an Intelligent Document Processing solution designed for SMBs lenders, insurers, CRE lenders, and investors to automate invoice processing and extract data from forms, semi-structured, and unstructured financial documents. It features a pre-trained API stack, a review and edit tool, multiple learning mechanisms, simple pay-as-you-go pricing, and the ability to customize fields and define templates. Docsumo is a Document AI partner with various companies and offers end-to-end workflow automation, risk reduction, detailed analytics, and constant support. It is SOC-2 certified and GDPR compliant, with complete control over data storage.
Developer
Docsumo
Category
Content Management
HQ Location
N/A
Year Founded
2019
Number of Employees
53
Twitter
Strengths
  • Accuracy

    Highly accurate data extraction

  • Automation

    Automates data entry and processing

  • Integration

    Seamless integration with other software

Weaknesses
  • Pricing

    Relatively expensive pricing plans

  • Limited Features

    Limited features compared to competitors

  • Training

    Limited training and support resources

Opportunities
  • Growing market for data extraction software
  • Opportunity to add new features and improve functionality
  • Opportunity to form partnerships with other software providers
Threats
  • Intense competition from established players and new entrants
  • Increasing concerns around data privacy and security
  • Changing regulations and compliance requirements

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Review Distribution

  • 👍
    High - rated users

    The easy was to talk to then, I had an interview after a few emails so they can know about what I need from them. Then they gave us a free trial and even they expanded the days because we needed that. And its so cheap to use.They are almost starting, maybe an Spanish talker in the future will be nice.

  • 🤔
    Average - rated users

    Though minor, occasionally the Docsumo team can speak quite fast in their meetings. This makes it a little hard to follow what they're trying to get across and requires them to repeat themselves. Additionally, we have a variety of invoices from across our properties that need to be parsed. Unfortunately, because of the vast amount of variety in our invoices, Docsumo's systems can get mixed up occasionally when trying to extract data. I imagine this is a problem more unique to us, as we do have a wide variety of invoices. NOTE: Docsumo does wonderfully more often than not and we have someone who goes in to fix any misattributed invoices manually so it's more a minor inconvenience.

  • 👎
    Low - rated users

    Docsumo allows us to extract critical information from company invoices in order to automate the workload that traditionally requires manual processing. Over 2000 invoices a month are now handled automatically thanks to Docsumo extracting accurately and consistently the data we require. The Docsumo team is responsive, responding to our issues and questions when they arise. Uploading documents through a provided Python client library reduces time on development. That being said like any tool, it depends on the complexity of your problem. Docsumo took our problem, which is relatively complex due to variations from the same vendor sending different types of invoices, and managed to set up a system that works for us. Hats off to them.Unfortunately, because of the vast amount of variety in our invoices, Docsumo's systems can get mixed up occasionally when trying to extract data. I imagine this is a problem more unique to us, as we do have a wide variety of invoices. NOTE: Docsumo does wonderfully more often than not and we have someone who goes in to fix any misattributed invoices manually so it's more a minor inconvenience.

Docsumo Plan

Docsumo offers three pricing plans starting at $300/month, with features such as OCR, data extraction, and API access.
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