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Docsumo Reviews & Product Details

Docsumo Overview

What is Docsumo?

Docsumo is an Intelligent Document Processing solution specially designed for SMBs lenders, Insurers, CRE lenders and investors and their document processing requirements. Docsumo started with the aim to help enterprises automate invoice processing and has evolved into an end-to-end data extraction solution for financial services all across the USA. Docsumo is Document AI partner with the likes of:- - National Debt Relief - Arbor Realty Trust - PayU - Hitachi Payment Services Private Limited - Valtatech - GetJones Docsumo features include:- ✅Data Capture from forms, semi-structured and unstructured financial documents ✅Pre-Trained API stack for loan application and insurance compliance documents ✅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 Choose Docsumo, if you want to:- - Automate the workflow end-to-end - Efficiently scale your process and your business - Reduce risk by validating data - Get detailed analytics for decision making - Get constant support Note - Docsumo is SOC-2 certified and GDPR compliant, and you have complete control over how your data is stored.

Docsumo Details
Languages Supported
Afrikaans, Bosnian, Catalan, Czech, Welsh, Danish, German, Greek, English, Esperanto, Estonian, Finnish, French, Scottish Gaelic, Irish, Haitian, Hindi, Croatian, Hungarian, Indonesian, Italian, Javanese, Dutch, Norwegian, Polish, Spanish, Swedish
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Product Description

Docsumo is a bookkeeping & data entry automation software. It captures data from invoices & receipts and feeds that data directly to accounting software such as Quickbooks and Xero.


Seller Details
Seller
Docsumo
Year Founded
2019
HQ Location
New York, US
Twitter
@docsumoai
201 Twitter followers
LinkedIn® Page
www.linkedin.com
90 employees on LinkedIn®

Rushabh S.
RS
Overview Provided by:

Recent Docsumo Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Great Product!"
The backend technology is really comprehensive and the model growth has allowed us to expand to different use cases. Also the team was incredibly h...
Verified User
U
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Great customer service experience"
Timely and on-time delivery. Realtime assistance as and when needed throughout project.
Verified User
I
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Strategic Improvement"
Customer Support, implementation Support, User-Friendly Interface, API Integration Flexibility, Bug Free
Security Badge
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Docsumo Media

Docsumo Demo - Bill of Lading API
Bill of Lading processing with pre-trained API and converting the extracted data to JSON
Docsumo Demo - Bank Statement API
Bank statement processing with pre-trained API and converting the extracted data to JSON
Docsumo Demo - Table Grid Data Extraction
Accurate line item extraction with Docsumo
Docsumo Demo - Acord form API
Acord form processing with pre-trained API and converting the extracted data to JSON
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Have you used Docsumo before?
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Video Reviews

58 Docsumo Reviews

4.8 out of 5
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58 Docsumo Reviews
4.8 out of 5
58 Docsumo Reviews
4.8 out of 5

Docsumo Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for DocsumoQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docsumo?

The backend technology is really comprehensive and the model growth has allowed us to expand to different use cases. Also the team was incredibly helpful walking me through the integration and refining our process. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

Some of the customization options require a little more technical knowledge than an average use likely has. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

Decreasing the amount of time it takes to process client checks - and allows us to analyze the data and aggregate it. Also the integration with Zapier has improved our processes. Review collected by and hosted on G2.com.

Verified User in Medical Devices
IM
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docsumo?

Customer Support, implementation Support, User-Friendly Interface, API Integration Flexibility, Bug Free Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

There is nothing that our company dislikes about Docsumo. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

Docsumo has enabled us to move forward with a modern approach to ERP data entry. Through their seamless implementation and integration capabilities, we immediately began to benefit from this new solution. In just one month, we've observed metrics that show hourly savings of eight hours per week through just one process example. We look forward to continuing our partnership with Docsumo and applying this new OCR technology across other ERP data entry processes to further reduce our data entry processing time. This is a critical benefit to ensure a strategic and efficient allocation of resources to best meet organizational objectives. Review collected by and hosted on G2.com.

Mark B.
MB
Deputy Head of Credit
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docsumo?

I found the whole team at Docsumo to be very responsive and solutions orientated when dealing with our project. Within a matter of days, we had models trained to our specific requirements and outputs generated that could be easily input into our internal systems. The team have been first class when it comes to dealing with any tweaking of any of the models as and when we have come up against edge cases. It has improved our document extraction process tenfold in terms of accuracy and speed which in turn has allowed us to imrpove outcomes for our own customers. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

I honestly cannot fault our experience to date. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

We have a large number of Bank Statements that require analysis for lending purposes. Historically we have used a manual OCR tool to extract this information for input and analysis in our own lending models. Our previous tool was clunky to use and prone to error. The Docsumo process is quick, largely automated and has a very high level of accuracy. This has massively improved our processing times and because of the imroved data accuracy, we can make quicker and better decisions which result in better outcomes for both ourselves and our customers. Review collected by and hosted on G2.com.

Fabiano R.
FR
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Docsumo?

We are a startup in Brazil that specilizes in reading Labor Lawsuits and structuring data to comply with Tax Legal Obligations. After testing just about every platform for reading tables from PDF files, Docsumo was the only platform that delivered exactly what we need specially considering the individual aspects in each document that needs to be read! Besides, Docsumo's Customer Support is indeed customer centric! Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

So for we didn't have any drawbacks from using Docsumo as the few minor issue we had when working with it was solved in less than 24 hours. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

Reading tables from PDF files extracted from Labor Lawsuits in Brazil. As each document is unique Docsumo is the only platform that is able to read all nuances presented. Review collected by and hosted on G2.com.

Michael L.
ML
Vice President of Sales
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docsumo?

Extremly fast moving company with great support. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

I don't have anything negative to state. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

They assisted us with implementing OCR technology that our subscribers will utilize. Review collected by and hosted on G2.com.

Patrick C.
PC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docsumo?

1. The technology in and of itself - takes some time to get set-up (as do most things worth having), but once it's up and running then it works a charm. It has cut down the time it takes us to do manual data extraction by probably 80-90%, even when including human sample checks of the output data

2. The team - Raghu and the rest of the team have been wonderful. They're one of the most proactive, friendly and knowledgeable teams I've had the pleasure of working with (and I've onboarded a lot of tools during my time at Pento). You never feel like you're asking for too much from them (and trust me, I've asked too much from them!!). Kudos to the team and the customer-centric stance you take on everything you do. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

- Very little to dislike about the product; the only potential con is that implementation can potentially take a little longer than you might expect depending on the document types you have to set up (but once it's set up, it's the dream). If you have very straightforward documents and everything follows the same format this wont be an issue; but if you have a lot of variance from doc to doc (in our case we are processing different all sorts of different payslips for example), it can take a bit of time to get the models trained correctly. Again however, the team is excellent and will help do this all for you if you can put enough time aside to give them enough concrete examples of what annotations should look like. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

We use Docsumo to help with onboarding customers. It cuts down our data extraction time by 80-90%. Review collected by and hosted on G2.com.

Jake W.
JW
Senior Software Developer
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docsumo?

The OCR service provided worked as expected and their API was well documented and easy to implement. Their customer support team was very dedicated to our success, and very responsive. Overall a great company and a great product. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

This product might be overkill for very simple OCR use cases, but was great for what we needed. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

We are using Docsumo to process ACORD 25 insurance forms and automate if submitted documents meet various requirements. Review collected by and hosted on G2.com.

Kris G.
KG
Vice President of Technology
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Docsumo?

There are many AI extraction models out there. Where Docusmo has set themselves apart is through the support. Onboarding is thorough, professional, and most importantly for myself - flexible. My unpredictable schedule has uncessarily prolonged my onboarding experience, but the Docsumo team has remained patient and professional.

Highly Recommend. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

The excel export was formatted a bit unusual for my use case, but the team has worked to improve that for me. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

Use cases in the beginning for me will revolve around ingesting large amounts of past vendor invoices to assist in forcasting. Review collected by and hosted on G2.com.

Verified User in Manufacturing
UM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docsumo?

Timely and on-time delivery. Realtime assistance as and when needed throughout project. Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

We havent encountered any issues so far. Have been using product for last 3-6 months. Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

Customer PO Template processing via Robotic process automation Review collected by and hosted on G2.com.

NR
Director of Compliance
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Docsumo?

Great team communication, solved for a customized problem, we were able to handle so many integrations across platforms Review collected by and hosted on G2.com.

What do you dislike about Docsumo?

I haven't come across any dislikes at this time Review collected by and hosted on G2.com.

What problems is Docsumo solving and how is that benefiting you?

Helping us in the wine industry for PDF stitching, auto-fill information into Smartsheet platform, and customized program Review collected by and hosted on G2.com.