Docsumo

About

Docsumo is an AI platform that helps businesses and enterprises extract data from unstructured documents and automate manual business processes to save time and resources by leveraging Intelligent Document Processing. Docsumo’s technology reduces back-office costs by up to 70% and increases productivity by 50%. For every million documents processed by a bank at about $1 per document, DocSumo can directly save $700k. What differentiates Docsumo is that their technology can read non-standardised documents such as bank statements, invoices, pay stubs and contracts with over 99% accuracy and more than 95% straight-through processing.