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Docsumo description
Docsumo is a software solution designed to help businesses automate data extraction from documents. It uses artificial intelligence to read and understand documents like invoices, bank statements, and contracts, pulling out the important information and putting it into a usable format. This eliminates manual data entry, reduces errors, and saves time. Docsumo is particularly focused on meeting the needs of financial service companies in the US. It's known for its accuracy, ease of use, and pre-built templates for common financial documents.
Who is Docsumo best for
Docsumo is an AI-powered document processing automation solution tailored for US financial service companies. It accurately extracts data from various documents, saving time and reducing errors. Users praise its excellent customer support and user-friendly interface, while some note occasional limitations with processing capacity and minor UI formatting issues. Docsumo offers flexible pricing plans, from free to enterprise-grade, catering to diverse business needs.
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Best for medium to large financial service companies (100+ employees).
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Specifically designed for the US financial services industry.
Docsumo features
Supported Docsumo extracts data from completed PDF forms using IDP, OCR, AI, and ML. |
Supported Docsumo offers OCR capabilities for converting scanned documents to editable text. |
Supported Docsumo automates data extraction, classification, and integration, indirectly supporting routing. |
Supported Docsumo uses AI and machine learning to automate data extraction from various document types. |
Supported Docsumo automates document workflows by extracting data and integrating with other systems. |
Supported Docsumo automates document processing using AI and machine learning. |
Docsumo reviews
We've summarised 54 Docsumo reviews (Docsumo G2 reviews) and summarised the main points below.
- Excellent customer support, known for responsiveness and helpfulness.
- Accurate data extraction with robust OCR and table parsing capabilities.
- User-friendly interface, easy to navigate and use.
- Customizable solutions tailored to specific business needs.
- Significant time savings and increased efficiency in document processing.
- Limited credits/processing capacity, leading to errors or timeouts when exceeding limits.
- Occasional formatting issues within the user interface.
- Minor glitches when uploading multiple documents simultaneously.
Docsumo pricing
The commentary is based on 7 reviews from Docsumo G2 reviews.
Docsumo offers a free trial for its Free, Starter, and Growth plans. Annual subscriptions offer a 10% discount. Unused monthly credits do not roll over. Annual subscriptions receive all credits upfront. Cancellation requires 30 days' notice. Upgrades are available anytime. Setup fees are based on document complexity and support required.
Users sentiment
See the Docsumo pricing page.
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Docsumo has a free plan.
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Docsumo has a free trial.
Includes field and table extraction, document review, CSV/Excel export, and few-shot learning.
All Free features plus basic AI model training for key-value pairs, email parsing, document processing dashboard, user assignment for review, and email support.
All Starter features plus advanced AI model training for simple tables and key-value pairs, prompts for extraction, API and webhook access, integrations, custom data validation formulas, new workflow and document type setup, and 2+ hours of automation expert consultation.
All Growth features plus advanced AI model training for complex tables, clauses, and key-value pairs, document chat, complex table extraction, long document processing, master data lookup, third-party integrations, post-processing with custom code, dedicated account manager, Slack/MS Teams chat support, 5+ hours of automation expert consultation, custom order form and data protection agreement, HIPAA BAA agreement, and SOC-2 report.
All Business features plus advanced AI model training for signatures, complex tables, clauses, and key-value pairs, priority processing queue, custom integrations (including Salesforce), external database validation, embeddable review screen, priority on-call support, 10+ hours of automation expert consultation, document classification, document analytics, test environment, custom data retention, single sign-on social authentication, and information security questionnaire.
Docsumo alternatives
ECIT DigitalAI-powered document processing. Automates data entry. Integrates with your systems.Read more
Docsumo FAQ
Docsumo is an AI-powered document processing software automating data extraction from invoices, bank statements, and contracts. It eliminates manual data entry, reduces errors, and saves time, especially for US financial service companies. Docsumo is known for accuracy, ease of use, and pre-built templates.
What is Docsumo and what does Docsumo do?
Docsumo is an AI-powered document processing software automating data extraction from invoices, bank statements, and contracts. It eliminates manual data entry, reduces errors, and saves time, especially for US financial service companies. Docsumo is known for accuracy, ease of use, and pre-built templates.
Docsumo integrates with other tools through API connections and pre-built integrations, allowing seamless data transfer and workflow automation. It connects with popular platforms and supports various data formats for efficient document processing.
How does Docsumo integrate with other tools?
Docsumo integrates with other tools through API connections and pre-built integrations, allowing seamless data transfer and workflow automation. It connects with popular platforms and supports various data formats for efficient document processing.
Docsumo's main competitors include Rossum, Hyperscience, and Nanonets. These alternatives also offer AI-powered data extraction and document processing automation, catering to similar business needs. Other competitors like Acodis focus on secure data handling for regulated industries.
What the main competitors of Docsumo?
Docsumo's main competitors include Rossum, Hyperscience, and Nanonets. These alternatives also offer AI-powered data extraction and document processing automation, catering to similar business needs. Other competitors like Acodis focus on secure data handling for regulated industries.
Yes, Docsumo is a legitimate software solution for document processing automation. User reviews praise its accurate data extraction, user-friendly interface, and excellent customer support. While some users mention limitations on processing capacity, Docsumo is generally considered a safe and reliable choice for automating data extraction from documents.
Is Docsumo legit?
Yes, Docsumo is a legitimate software solution for document processing automation. User reviews praise its accurate data extraction, user-friendly interface, and excellent customer support. While some users mention limitations on processing capacity, Docsumo is generally considered a safe and reliable choice for automating data extraction from documents.
Docsumo offers a Free plan for testing, a Growth plan starting at $269/month, and an Enterprise plan with custom pricing for larger businesses. Contact Docsumo for specific Enterprise pricing. A free trial is also available.
How much does Docsumo cost?
Docsumo offers a Free plan for testing, a Growth plan starting at $269/month, and an Enterprise plan with custom pricing for larger businesses. Contact Docsumo for specific Enterprise pricing. A free trial is also available.
Docsumo's customer service is highly regarded. Users consistently praise the team's responsiveness, helpfulness, and proactive approach to problem-solving. They are known for providing excellent support during onboarding and implementation, and for readily addressing any issues that arise.
Is Docsumo customer service good?
Docsumo's customer service is highly regarded. Users consistently praise the team's responsiveness, helpfulness, and proactive approach to problem-solving. They are known for providing excellent support during onboarding and implementation, and for readily addressing any issues that arise.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.
An AI tool that observes your work, finds inefficiencies, and suggests smarter ways to do things. Maybe you can use your tools better, automate tasks, or switch software.