Docsumo Blogs - Intelligent OCR Document Recognition and Extraction

February 25, 2021

What is the difference between IDP and OCR?

A quick introduction to Intelligent Document Processing and Optical Character Recognition and differences between two. Read this blog to learn how to select the best solution for automated document processing.

Hi, I’m Praneet.

Each day, I speak to people who use our tool so I can learn to make it better. Extract a few PDF’s and let me know what you think.

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All Commercial Real State Invoice Processing KYC RPA SAAS Document Processing TECHSTARS Data Extraction

INVOICE-PROCESSING

January 4, 2021

Which is better for your business - shared accounting services or outsourcing?

Businesses often find it difficult to figure out which accounting solution to go for - Shared or Outsourced. In this article, we talk about pros and cons of both and help you decide which one to go for between shared accounting services or outsourcing.

DOCUMENT-PROCESSING

December 29, 2020

A Guide to process Acord 25 and its importance in insurance

A step-by-step guide into reading and processing Acord form processing. With the help of intelligent OCR and AI, Docsumo helps you scan hundreds of Acord form per day.

INVOICE-PROCESSING

December 24, 2020

How good Docsumo is as an alternative to Abbyy Flexicapture

If you're looking for options to choose from for the AP automation tool and you want an alternative for Abbyy Flexicapture, read this blog. In this blog, we answer if Docsumo can be a good alternative to Abby Flexicapture.

KYC

December 21, 2020

A Step-by-step Guide To Aadhaar Card Verification [KYC]

As an organization, if you're processing thousands of KYC documents a month, it's time to automate KYC identity verification. Read this guide to get an insight into automated Aadhar card verification process.

KYC

December 21, 2020

A Step-by-step Guide to PAN Card Verification [KYC]

As an organization, if you're processing thousands of KYC documents a month, it's time to automate KYC identity verification. Read this guide to get an insight into automated PAN card verification process.

INVOICE-PROCESSING

December 21, 2020

Invoice Processing Automation [Complete Guide]

A complete guide on how automation can help you process invoices smoothly and accurately. Learn more about steps involved in AP automation and its cost.

DOCUMENT-PROCESSING

December 16, 2020

Which data capture solution is for you—OCR or Cognitive?

Take a look into different data capture solution mechanism and find out which one might suit your business - Template based OCR or AI based cognitive data capture solution.

INVOICE-PROCESSING

December 14, 2020

Cost and Benefits of Setting Up an Invoice Capture Automation System

An insight into costs involved in manual invoicing and its comparison with automated invoice processing. Learn more about the benefits of automation in invoice processing.

INVOICE-PROCESSING

December 8, 2020

Is Docsumo a good alternative to Rossum?

If you're looking for options to choose from for the AP automation tool and you want an alternative for Rossum, read this blog. In this blog, we answer if Docsumo can be a good alternative to Rossum.

INVOICE-PROCESSING

December 7, 2020

Manual vs Automated Invoice Processing

A number of companies are moving towards automated invoice processing but still a lot of them processing invoices manually. If you're in the process of determining the right method of processing invoices for your business, this blogs is for you. A step-by-step analysis discussing the difference between two invoice processing methods.

INVOICE-PROCESSING

December 4, 2020

Is Documo’s Automated AP Solution an alternative to Kofax AP Agility Solution?

Having options before making any decision is always good. Isn't it? And, if your research to find the suitable AP automation solution for your system has taken you to Kofax and you're looking for some alternatives, Docsumo comes across as a great option. In this blog, we answer if Docsumo can be a good alternative to Kofax.

INVOICE-PROCESSING

December 4, 2020

Detailed Guide on Invoice Processing Methods

Being one of the most crucial business document, Invoice processing is an important aspect in the entire sales process. Let's take a look invoice processing and different invoice processing methods. Learn about 2-way, 3-way, and 4-way matching invoice processing methods and types of invoices.

DOCUMENT-PROCESSING

October 26, 2020

How to Reduce Your Logistics Cost With Automation

The growth and development for Logistics sector and automation go hand-in-hand. It is safe to assume that automation has spurred the growth and maturity of logistics and will continue to do so in the years to come.

RPA

October 26, 2020

A Detailed Guide on How Automation Can Aid Different Industries

Different Industries continue to replace manually labor with automation for demanding tasks to truncate the time taken for execution while improving accuracy and precision. In this blog, let's find out how Automation helps different businesses.

INVOICE-PROCESSING

October 26, 2020

How AI Invoice Processing Works

Both template-based OCR and cognitive data capture methods are better than manual data entry in every way - right from accuracy to cost of implementation. However, the sweet-spot is a software that combines both these technologies to make a versatile smart solution that can address all your invoice processing needs.

SAAS

October 15, 2020

Launching a vertical AI SaaS Product

In startup timeline, a couple of months is equal to a couple of years. And the last few months have been nothing short of a roller coaster for us. From not getting paid by a client

DATA-EXTRACTION

October 14, 2020

A guide to automating data capture from reports, payroll or any other HR-related document into actionable format

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. Thus, there is a need for an effective tool to convert these documents into an actionable format.

DOCUMENT-PROCESSING

February 23, 2021

A Quick Introduction to PDF Metadata, its Benefits, and Extraction

PDF Metadata consists of information about the PDF document such as authors, document creation date, and reference numbers. Read more to learn more about PDF Metadata and its importance.

RPA

February 18, 2021

Efficient Automation of Processes via Human-Machine Collaboration for Enterprises

2020 has pushed enterprises to opt for automation in their day-to-day operations. In this blog, we discuss the requirement of human-machine collaboration in adoption of process automation for enterprises.

RPA

February 16, 2021

Ditch Your Legacy Systems in 2021 and Embrace Process Automation

Businesses are adapting to automation in their day-to-day operations. If you're still confused about automation in your system, read this blog. In this blog, we discuss how manual processing is holding back your organizational growth in 2021.

COMMERCIAL-REAL-ESTATE

February 15, 2021

How does Docsumo stack up Against Clik.ai as an Alternative Choice

Clik.ai is one of the leading document processing service providers in commercial real estate industry, however as an CRE investor/manager you're looking to exploring a few options before closing the deal, this blog is for you. In this blog, we discuss as how Docsumo stacks up against Clik.ai as a CRE document automation software.

COMMERCIAL-REAL-ESTATE

February 12, 2021

How to Extract Data from T12, OS, and Rent Rolls?

A step by guide to extract data from different commercial real estate documents such as Trailing 12 months statements, Operating Statements, and Rent Rolls.

DOCUMENT-PROCESSING

February 12, 2021

Is Docsumo a good alternative to Hyperscience?

Having more options in your consideration list is always great. Isn't it? If in the process of selecting a document processing application you've stumbled upon Hyperscience, and you're looking an alternate for that, this blog is for you. In this blog, we discuss how Docsumo is a good alternative to Docsumo.

DOCUMENT-PROCESSING

February 8, 2021

Is Docsumo a good alternative to Docparser?

Docparser is a powerful document processing tool, and if you want to explore more options before making a final decision, this blog is for you. Read this blog to know how Docsumo is a great alternative to Docparser.

COMMERCIAL-REAL-ESTATE

January 29, 2021

How to create and read offering memorandums

How to create and read offering memorandums? In this article, you will learn about creating and analyzing a real estate offering memorandum with samples. Gain a clear idea about what to include and what to expect for a real estate OM.

DOCUMENT-PROCESSING

January 28, 2021

A Step-by-Step Guide to Consolidated Accounts Statement

Let's take a quick look into Consolidated Accounts Statement(CAS) and its importance for investors and discuss the potential of its automation.

COMMERCIAL-REAL-ESTATE

January 25, 2021

Commercial Real Estate Trends in 2021

Commercial real estate changed a lot in 2020 and this trend is expected to continue. Docsumo takes this opportunity to discuss major commercial real estate trends to look for in 2021.

COMMERCIAL-REAL-ESTATE

January 20, 2021

Everything You Must Know About T12 in Real Estate

A quick introduction to trailing twelve months statements and its processing. Read more to learn how automation can help you process t12 statements smoothly and accurately.

COMMERCIAL-REAL-ESTATE

January 14, 2021

Everything You Need to Know About Lease Abstraction

A quick introduction to lease abstraction, its benefits and importance in commercial real estate. Learn how automating lease abstraction process can speed up the analysis.

COMMERCIAL-REAL-ESTATE

January 14, 2021

PropTech Industry - Emerging Trends and Technologies in 2021

Just like any other industry, Proptech industry is going to massive changes. The year 2020 has only fueled this change. We take this opportunity to discuss major proptech trends to look forward to in 2021.

COMMERCIAL-REAL-ESTATE

January 13, 2021

Why You Need an Automation Solution for Multifamily Commercial Underwriting

Performing multifamily commercial underwriting poses some challenges that includes fat finger errors and slow processing resulting in slower turnaround time. Read this blog to learn how to automate multifamily commercial underwriting and get rid of all existing problems.

COMMERCIAL-REAL-ESTATE

January 11, 2021

Rent roll analysis automation for property managers

Rent roll analysis is a crucial part in determining the investment potential of a property but doing it manually comes with possible fat finger errors and can take hours of processing time. By automating rent roll analysis with Docsumo, you can not only improve the accuracy but reduce the turnaround time.

COMMERCIAL-REAL-ESTATE

January 7, 2021

8 reasons for Automating Commercial Underwriting

As a property manager or CRE investor, if you're still confused whether or not to automate underwriting process, this blog is for you. In this blog, we discuss the benefits of automating commercial underwriting and why should it be on you to-do list.

COMMERCIAL-REAL-ESTATE

January 6, 2021

An Introduction to Argus Modeling and Its Benefits

A quick introduction to Argus modeling, its importance, and benefits. Let's see how automation can help you improve your underwriting process with more accuracy and quicker turnaround time.

INVOICE-PROCESSING

January 4, 2021

Which is better for your business - shared accounting services or outsourcing?

DOCUMENT-PROCESSING

December 29, 2020

A Guide to process Acord 25 and its importance in insurance

A step-by-step guide into reading and processing Acord form processing. With the help of intelligent OCR and AI, Docsumo helps you scan hundreds of Acord form per day.

INVOICE-PROCESSING

December 24, 2020

Invoice Processing Automation [Complete Guide]

A complete guide on how automation can help you process invoices smoothly and accurately. Learn more about steps involved in AP automation and its cost.

DOCUMENT-PROCESSING

December 16, 2020

Which data capture solution is for you—OCR or Cognitive?

Take a look into different data capture solution mechanism and find out which one might suit your business - Template based OCR or AI based cognitive data capture solution.

INVOICE-PROCESSING

December 14, 2020

Cost and Benefits of Setting Up an Invoice Capture Automation System

An insight into costs involved in manual invoicing and its comparison with automated invoice processing. Learn more about the benefits of automation in invoice processing.

INVOICE-PROCESSING

December 8, 2020

Is Docsumo a good alternative to Rossum?

If you're looking for options to choose from for the AP automation tool and you want an alternative for Rossum, read this blog. In this blog, we answer if Docsumo can be a good alternative to Rossum.

INVOICE-PROCESSING

December 7, 2020