Amazon Textract is a fully managed machine learning service that facilitates automatic extraction of printed text, handwriting, as-well-as other data from scanned documents.
Textract employs machine learning to spontaneously analyze and process any document type, extract printed text accurately, detect and understand handwriting, forms, tables and other information with no manual effort.
While Textract is an intelligent OCR tool that can extract text from scanned pdfs to handwritten documents/Images, Docsumo is also a preferred choice that offers an automated document processing solution.
Docsumo lets operation teams pull data from any document type without manual setup, regardless of the layout, with unprecedented accuracy.
Here are some benefits offered by Textract that make it an exceptional tool for data extraction in the market -
Amazon Textract employs artificial intelligence to imitate reading documents like a real human, to extract not just printed text, forms, tables, and other structured data, but also handwriting without configuration, training, or custom code.
Amazon Textract automatically detects the layout and the key elements of a document on each page, comprehends the data links in any embedded forms or tables, and extracts all information without disturbing its context.
Textract extracts structured data from documents and builds a smart index. This gesture facilitates convenient searching through millions of financial statements swiftly.
For instance, a lending firm could benefit from Amazon Textract to process millions of scanned loan applications within hours and provide you with the extracted data indexed in Amazon Elasticsearch.
Textract complies with Service Organization Control (SOC), International Organization for Standardization (ISO) and PCI, HIPAA, and GDPR, implying that customers can gain deep insights into the security processes and controls that safeguard customer data.
Textract also offers support for Amazon Virtual Private Cloud (VPC) endpoints through AWS Privatelink and KMS, making customers refrain from using the public internet and encrypt their information.
Amazon Textract provides the inputs needed to process forms without human intervention. For instance, Amazon Textract can automate the processing of loan applications for banks.
The information processing in the document can help initiate all the crucial background and credit checks for swift loan approval. This gesture enables customers to receive instant approval confirmations to their application.
Amazon Textract is integrated directly with Amazon Augmented AI (Amazon A2I) to help you seamlessly implement a human review of printed text and handwriting derived from documents.
You can build-in human reviews to handle nuanced or sensitive workflows that require human judgment. This step helps you obtain high confidence predictions or to verify prognostications on an on-going basis.
With a plethora of features offered by Amazon Textract, such as data extraction from a handwritten document, Docsumo possesses some valuable characteristics such as Custom Training, Auto classification, and Auto-assign.
Custom Training facilitates the system training for a wholly new document type without bothering whether the system has been trained for that specific type.
Some potent features provided by Docsumo to its clients that gives it leverage over our competitors include -
Docsumo lets you train multiple document types. This feature provides customers with a unified solution rather than interacting with different vendors for several use cases.
Docsumo is consistent with the updation of the New Doc Type to offer greater efficiency, which lets it train with higher accuracy and renders greater customizations.
Docsumo offers exceptional customer service and is always swift to resolve any issues. Regardless of the gravity of a complaint, consumer care is always available to resolve disputes and help the client find a solution to any deterrents end-to-end.
Docsumo provides case-specific pre-trained APIs, which lets clients assess the accuracy of the data extraction model before installing it in their machine.
Docsumo offers several features and perks as mentioned above, and here are some reasons why choosing Docsumo might be a better choice compared to Textract -
We bring document auto-classification API to the table, which lets you upload documents in bulk, classify them under respective classes, and have them processed.
It is imperative that you train the API with at least 20 documents of each type to have this feature enabled. After training, the API lets you upload any category of documents in bulk and delivers speedy results.
Docsumo can get customized easily for diverse use-cases even if you have no knowledge of coding, something not offered by Amazon Textract.
The redefining UI by Docsumo gives it the upper hand over Amazon Textract. You only need to put in minimal effort or time to shift from any data extraction software to Docsumo.
We have scrupulously created documentation on our services and features and host a YouTube channel to help customers use our products. The UI experience, as per customer ratings, even surpasses the Amazon Textract.
You can conveniently schedule a demo call with our team to understand our interface thoroughly and utilize each feature.
Docsumo offers a price range as per the number of documents processed by a company; however, our rates have a numerical advantage in the market.
We offer an exceptional UI and flexible customization for different use cases while maintaining a lower price point than Textract.
Docsumo also offers a fair pay-as-you-go pricing where you never come across any hidden or extra charges but only pay only for the features you use.
We have designed Docsumo meticulously to offer seamless integration with your other software without any hassle. Such a feature is made available by only a few in the expertise of document automation.
Docsumo can seamlessly be integrated into any workflow, as it employs plug-in APIs and innovative input and output connectors.
While AWS and Docsumo share most of the features similar to any other document automation processing software, Docsumo enjoys the upper hand in terms of a better UI, seamless integration, and competitive pricing.
Docsumo facilitates a smoother workflow for businesses and enhances data extraction algorithms, renders an intuitive UI, offers hassle-free integration with other platforms, as-well-as a comprehensive approach to automate document processing.
We also provide a free demo to new clients to demonstrate ways to enhance their productivity, ensure swift document processing, all while paying less for operations costs. Our customer support team ensures that none of your queries remain unanswered or disputes unresolved.
In today’s dynamic business world, filing and archiving official documents in the digital form makes it handy, and works wonders in the future or in unforeseen circumstances.
With an automated data extraction solution, loan documents can automatically be processed end-to-end without any human errors and delays. Automation in loan document processing prevents downtimes, eliminates data redundancy, and allows companies to respond faster to client queries. By combining machine learning with deep learning and OCR, companies can eliminate huge costs, derive actionable insights, and streamline loan processing and approvals through efficient data extraction and analysis.
Mortgage lenders receive multiple identity and income verification documents along with different forms from loan applicants in a variety of formats and styles. Traditional OCR solutions fail to extract data from these semi-structured documents and that’s why more and more lenders are adopting intelligent document processing solutions. IDP solutions not only extract data correctly, they are able to validate extracted data against predefined rules in order to improve accuracy.
Intelligent Document Processing is an automation technology that captures information from a myriad of documents and data sources, extract data, and organizes it for further processing. IDP solutions enable businesses to seamlessly integrate with core processes, eliminate manual labour, address challenges faced in reading different document layouts, and meeting legal & compliance requirements. Accurate data is the foundation of every organization, and IDP assists businesses in dealing with the complexity of processing huge volumes of documents, helping them automate manual data entry processes, and move away from traditional semi-automated OCR workflows.