Top 7 Document Processing Solutions in 2021
DOCUMENT-PROCESSING
|
April 23, 2021
|
Share this article
Top 7 Document Processing Solutions in 2021
DOCUMENT-PROCESSING
|
April 23, 2021
|
Contents
Download Guide
Top 7 Document Processing Solutions in 2021
Top 7 Document Processing Solutions in 2021
DOCUMENT-PROCESSING
|
April 23, 2021
|
Download PDF File
No items found.
Top 7 Document Processing Solutions in 2021
DOCUMENT-PROCESSING
DOCUMENT-PROCESSING
|
April 23, 2021
|
Top 7 Document Processing Solutions in 2021

Document processing solutions have, over the years, gained much importance, especially with the advent of the digital age. What with Artificial Intelligence evolving at an unprecedented rate, the capabilities of Intelligent Document Processing (IDP) has made it extremely valuable to businesses. 

But what persuades businesses to invest in document processing software, and why is it such a sought-after tool?

Instead of spending hours on end sorting through a shared folder with the added difficulty of retrieving certain files because it has similar-sounding names, you could find a suitable document parsing tool that does your work for you. 

You no longer have to live with cataloging files and folders with varied file types. All you need to do is store and organize company documents into a system that is able to manage not only all the metadata but also allow employees within your company multi-user document storage access in order to make things quick, seamless, and easy. 

Although there are a ton of tools out there that claim to possess all the features an enterprise would require in order to function smoothly, there is only a handful of them that could be considered the best of the lot. As such, let’s look at some of the features and the pros and cons of the top 7 document processing software. 

1. DocParser

Features

  • Save time and parse documents easily with Layout Parsing Presets.
  • Data Extraction from images.
  • Scan QR codes and access pages easily.
  • Automation features to save time and resources.
  • Accounting features that help with Invoice Processing and Tabular Data Extraction.
  • Easily process and publish documents straight from within DocParser.
  • Easily share your processed documents with just a few clicks.

Pros

  • Responsive customer support.
  • DocParser is one of the quickest solutions in terms of how fast it can process multiple files at a time.
  • Automation capabilities are especially well developed as compared to other competitors like LaserFische.
  • Powerful features coupled with an efficient user interface.

Cons

  • The advanced user interface can offer a challenge to complete beginners.
  • Lack of search function within parsed documents can make it harder to find specific files.
  • No way to sort/filter files.

Price

The various packages available are -

Starter: $39 / month

Professional: $69 / month

Business: $149 / month

Enterprise: Price is available on request.

2. Docsumo

Features

  • Intelligent Data Processing (IDP) for documents.
  • Advanced Natural Language Understanding (NLU) and Optical Character Recognition (OCR).
  • Powerful CRM and application features.
  • Accounting and Data Entry capabilities for all kinds of businesses.
  • Transfer and capture data with a few clicks.
  • Maintain the quality of your files with quality control.
  • Data replication lets you make multiple copies of your files.
  • Data Extraction from documents and images.
  • Extended features, including data aggregation.

Pros

  • Perfect for both beginners and experienced users.
  • Docsumo provides a free trial demo, so you can see how well its features work for you.
  • Simple pricing structure to suit your business requirements.
  • Best-in-class accounting, extraction, and data entry features.
  • Easily accessible shortcuts and hotkeys.
  • Around-the-clock support in case of queries or issues you might have with Docsumo.
  • Expand your productivity with extensive integration capabilities.

Cons

  • Limited multi-currency support.

Price

Growth - Upto 10,000 Documents / month.

Enterprise - ‍ More than 10,000 Documents / month.

3. Infrrd

Features

  • With the aid of computer vision and Natural Language Processing, the software cleans, fixes, arranges, classifies, and enhances documents.  
  • Retrieves complex data. 
  • Has chatbot capabilities
  • Provides predictive analytics for deep insight.
  • Inference for predictions and Natural-language generation. 
  • Learns to adapt to changing document types, document layouts, and extraction points in order to ensure accuracy. 
  • Employs a Rules-based Automation approach. 

Pros

  • Is able to extract data such as stamps, handwritten notes, and complex table layouts that traditional OCR and document processing companies are generally unable to.
  • The application programming interface is simple to use and understand. 

Cons

  • The Data Review UI is not user-friendly.

Price

Starting from: $2000/month

Pricing model: Subscription

Free Trial: Available

4. Xtracta

Features

  • With its Optical Character Recognition Software, Xtracta Is able to retrieve both text and image data from documents.
  • Has the functionality to process documents from a number of sources like API upload, SFTP, email, web portals, mobile apps, and so on. 
  • Data scanning and capture tool that takes seconds to do its job. 
  • The software is able to integrate itself into a variety of other applications such as Enterprise Resource Planning, Human Capital Management, and so on. 

Pros

  • The setup is simple and easy to use. Customers do not have to worry about arranging things manually for long hours. 

Price

Pricing model: Subscription-based

5. Hyperscience

Features

  • The Machine Learning platform is able to classify a variety of document types such as invoices, checks, forms, and so on automatically. 
  • The software is capable of transcribing text that is handwritten (whether it is in cursive or not) as well as machine printed. The process is 95% automated with an accuracy rate of 99.5 percent. 
  • Is able to convert any type of document into a digital format. 
  • The program processes structured data files, thereby aiding companies in lessening manual effort and time taken to complete tasks. 

Pros

  • Its handwriting OCR capability is advanced and is, therefore, able to achieve a number of tasks. 
  • Easy to use interface as well as front-end usability. 

Cons

  • The fact that any kind of form creation requires a template has become a time-consuming aspect of the software for companies.

Price

A free demo is available upon request.

6. CaptureFast

Features

  • It is a cloud-based, mobile-friendly, and data capturing software. 
  • Through the creation of a variety of templates via their web application, businesses can organize, retrieve and manage a number of company document file types. 
  • Has the ability to retrieve information from field operations without having to lose time in conversion and going back and forth between the field and HQ operations. 
  • Its online data extraction system allows users to set up pricing extractions, web data extractions, collaborations, phone number extractions, and document extractions all in one platform. 
  • The software’s solutions are end-to-end in that it is designed for web applications. 

Pros

  • Its SAS services are simple and easy to use. 
  • Easy to define and set up templates so that the ensuing scanning process is seamless.

Cons

  • Its Artificial-Intelligence tool is not very effective when it comes to capturing texts. 

Price

Basic: $69.00/month

Professional: $69.00/month

They do not offer free trials but do have a free version.

7. DocuClipper

Features

  • Data extraction from images, bank statements, legal documents, and more.
  • Intelligent Data Processing (IDP) for documents.
  • Easily share documents directly from within the DocuClipper application.
  • Create annotations on your documents for later reference.
  • The added benefit of advanced Robotic Process Automation (RPA).
  • Easily perform data entry functions.
  • Accounting features like Audit Trail and more.
  • Scan, process, and publish your documents via Quickbooks, Excel, and more.

Pros

  • Accurate data processing with low rates of error.
  • Excellent user interface even for complete beginners.
  • Minimally resource intensive.

Cons

  • Occasional inaccuracies are still possible.
  • No Free Version.

Price

The various packages available are -

Starter: $29 / month

Business: $99 / month

Enterprise: Price is available on request.

Key Takeaway

Docsumo, DocuClipper, and Docparser are some of our top choices for the best document processing solutions. This is because of their diverse range of powerful features, excellent integration capabilities, and pricing that offers good value for money.

Solutions like DocParser stick to the script in terms of being effective document processing solutions. They also offer responsive customer support around the clock, which is especially helpful.

When it comes to AI-based automation and document workflow, Docsumo is way ahead of the game. Additionally, you no longer have to worry about working through a manual setup or wondering how you can feed your unstructured data into processes such as Quickbooks, Xero, and Tally. 

All things considered, you should be able to easily find a suitable solution for your business thanks to their individual capabilities that make them stand out. While not every option on the list might be the right one for you, we can guarantee that you will be able to find the one that provides the features that you need.

Pankaj Tripathi
Hi, I’m Rushabh.
Everyday I speak to people who use our product to automate their workflow. Contact us and we will be happy to see how we can improve your processes.
Contact Us
Share this article on
Stay up to date with Docsumo
This is some text inside of a div block.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get Exclusive Automation Tips
For the latest news, case studies and actionable tips straight to your inbox.
Thank you. You have been subscribed.
Oops! Something went wrong while submitting the form.

Download PDF File

We’d love to show you how you can increase your productivity, process your documents faster and save operations cost!

Please use your company email
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Blog

Explore more