Docsumo Overview

Docsumo revolutionizes document processing by automating data extraction and validation with remarkable precision, achieving 99% accuracy. This platform significantly enhances efficiency, enabling businesses to process documents ten times faster. Docsumo's intelligent document processing (IDP) solution leverages custom-made APIs to handle unstructured documents, transforming them into clean data tables swiftly. With pre-trained models and the option to train on specific datasets, businesses can minimize manual efforts while maximizing data accuracy. Trusted by over 10,000 data-driven enterprises, Docsumo ensures data security and control, aligning with industry standards. This platform addresses the challenge of handling diverse document types, providing a scalable solution for enterprises aiming to improve operational efficiency and data management.

Use Cases

Customers recommend Workflow Management, Social Media Analytics, Competitive Intelligence, as the business use cases that they have been most satisfied with while using Docsumo.

Other use cases:

  • Onboarding
  • Billing And Invoice Management
  • Knowledge Management
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Business Priorities

Improve ROI and Acquire Customers are the most popular business priorities that customers and associates have achieved using Docsumo.

Other priorities:

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Docsumo Use-Cases and Business Priorities: Customer Satisfaction Data

Docsumo's features include Capture Information, Dashboard, and Templates. and Docsumo support capabilities include AI Powered, 24/7 Support, Chat Support, etc. also Docsumo analytics capabilities include Custom Reports, and Analytics.

Reviews

"...Docsumo automates data entry & document workflow using AI (artificial intelligence)...." Peer review

Docsumo automates document workflows by extracting data from semi-structured and unstructured documents. Tax forms, invoices, bank statements, and financial documents are processed using AI-based IDP.

Popular Business Setting

for Docsumo

Top Industries

  • Accounting
  • Information Technology and Services

Popular in

  • Small Business

Docsumo is popular in Accounting, and Information Technology And Services, and is widely used by Small Business,

Comprehensive Insights on Docsumo Use Cases

What solutions does Docsumo provide for Workflow Management?

What makes Docsumo ideal for Onboarding?

11 buyers and buying teams have used Cuspera to assess how well Docsumo solved their business needs. Cuspera uses 319 insights from these buyers along with peer reviews, customer case studies, testimonials, expert blogs and vendor provided installation data to help you assess the fit for your specific business needs.

Case Studies

Financial Services

CASE STUDY National Debt Relief

Docsumo helped National Debt Relief process 350,000 debt settlement letters each year. The team used to spend 5-10 minutes per letter, working overtime. With Docsumo's Document AI, data extraction no...w takes just 40 seconds per letter. The solution achieved 98% line-item accuracy and over 95% straight-through processing. National Debt Relief saved thousands of man-hours and improved speed and accuracy for their clients.

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Utilities

CASE STUDY Voltus

Docsumo helped Voltus automate utility bill data extraction. Voltus had three managers manually scanning over 250 utility bills each month. Processing took 48 hours and delayed payables. With Docsumo..., Voltus reduced processing time to 1.5 minutes per bill. They achieved 90% touchless accuracy and saved 98% of man-hours. Only 2% of time is now spent on data review.

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Insurance

CASE STUDY Vertikal

Docsumo helped Vertikal automate their COI verification workflow. Vertikal used to rely on a legacy OCR tool and outsourced agents, which led to only 30-40% accuracy and slow processing. With Docsumo..., Vertikal achieved 99.13% accuracy in extracting data from ACORD forms. They now process letters in 65 seconds instead of 45 minutes per form. Vertikal saved $20,000 in annual outsourcing costs and doubled their insurance claim settlement speed.

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Real Estate

CASE STUDY Westland

Docsumo helped Westland automate utility bill data capture. Westland's team used to process over 2,000 utility bills each month by hand. Manual entry took more than 60 minutes per batch and required ...handling six different templates. With Docsumo, Westland now parses hundreds of bills in under a minute with 98% accuracy. The solution saved over 2,000 hours of operations time, letting the team focus on carbon management.

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Financial Services

CASE STUDY PayU

Docsumo helped PayU automate data capture from over 100,000 monthly loan applications. PayU used Docsumo’s APIs to extract data from bank statements and identity cards for customer onboarding. This a...utomation reduced manual data entry time for a team of 500+ underwriters. The solution improved customer experience and achieved 97% data extraction accuracy. PayU now processes millions of retail loans annually across 20 countries.

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Computer Software

CASE STUDY Pento (now acquired by HiBob)

Docsumo's Document AI helped Pento automate payroll processing for UK businesses. The team faced slow, manual data extraction and tax filing penalties. Docsumo enabled 98.71% accuracy in processing P...11D forms. Processing time dropped from 20 minutes to 22 seconds per form. Clients saved money on late tax filing fines. Pento improved customer experience and reduced manual work.

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lightning

Peers used Docsumo for workflow management and social media analytics

Docsumo Features

  • Low
  • Medium
  • High
FEATURE RATINGS AND REVIEWS
AI Powered

4.65/5 ★

Read Reviews (14)
Custom Reports

4.69/5 ★

Read Reviews (46)
Analytics

4.69/5 ★

Read Reviews (29)
CAPABILITIES RATINGS AND REVIEWS
AI Powered

4.65/5 ★

Read Reviews (14)
Custom Reports

4.69/5 ★

Read Reviews (46)
Analytics

4.69/5 ★

Read Reviews (29)

Software Failure Risk Guidance

?

for Docsumo

Overall Risk Meter

Low Medium High

Top Failure Risks for Docsumo

Docsumo Pte. Ltd News

Partnership

National Debt Relief Partners with Docsumo to Fastrack Debt Settlements with Document AI - PR Newswire

National Debt Relief collaborates with Docsumo to speed up debt settlements using Document AI technology.

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Docsumo Pte. Ltd Profile

Company Name

Docsumo Pte. Ltd

Company Website

https://docsumo.com/

HQ Location

San Francisco, California 94114, US

Employees

1-10

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Financials

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