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