Software Alternatives, Accelerators & Startups

Docsumo VS Online Procurement

Compare Docsumo VS Online Procurement and see what are their differences

Docsumo logo Docsumo

Extract Data from Unstructured Documents - Easily. Efficiently. Accurately.

Online Procurement logo Online Procurement

Achieve effective procurement transformation with Online Procurement, the easy-to-use software solution that streamlines and optimizes purchasing and supplier management processes through automation and advanced analytics.
  • Docsumo Landing page
    Landing page //
    2022-12-30

Docsumo is an intelligent document processing platform for financial services firms. Docsumo helps businesses and enterprises extract data from documents, analyze that data and detect document fraud.

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.

Docsumo features include:-

✅Data Capture from forms, semi-structured and unstructured financial documents ✅Pre-Trained API stack for loan application, insurance compliance, invoices, supply chain management, and Commercial Real Estate applications ✅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 document data extraction end-to-end - Efficiently scale your process and your business eliminating manual data entry - Reduce risk by validating data

  • Online Procurement Landing page
    Landing page //
    2023-02-07

Online Procurement is the flexible, easy-to-use e-procurement suite for managing suppliers and streamlining corporate purchasing processes. The platform's modules enable you to simplify order management, gain real-time control over spend, plan purchases strategically, select and manage suppliers more efficiently, create and archive contracts, evaluate performance and align with suppliers on ESG goals, monitor invoices and payments, and mitigate risk through greater standardization of processes and contracts. Online Procurement modules are on-demand and fully integrated with enterprise management systems such as ERPs. The platform is delivered in SaaS mode, ensuring the highest level of information protection, certified by international standards including ISO 9001 and ISO 27001. High-level SLAs and guaranteed 99.996% uptime. No IT resources are required on your end.

Key Features: - Custom supplier onboarding and qualification - Efficient supplier collaboration - Quick and easy supplier sourcing - Supplier performance and ESG scorecards - Create sourcing events and compare proposals - Multiple negotiation and award types available - Buy from a customized e-catalog - Compliant contract management - Monitor spending in real-time - Strategic budgeting aligned with business goals - Streamline the payment approval process - Risk management and mitigation - ERP software integration available

Docsumo

$ Details
paid Free Trial $500.0 / Monthly (Growth Plan | 3 Users | Pre-trained APIs for 3 document types)
Platforms
Web
Release Date
2019 October

Docsumo features and specs

No features have been listed yet.

Online Procurement features and specs

  • Supplier Management: Yes
  • e-Sourcing: Yes
  • e-Catalog: Yes
  • Strategic Purchasing: Yes
  • Content Management: Yes
  • Invoice Management: Yes
  • ERP Integration: Yes
  • Purchase Requests: Yes
  • Purchase Orders: Yes
  • Approval Workflow: Yes
  • Budget Management: Yes
  • Reporting: Yes
  • Spend Management: Yes

Docsumo videos

Document AI Platform Explainer Video (Docsumo)

More videos:

  • Demo - Docsumo Demo
  • Review - Extract tables from PDF/Image for Free | Convert PDF to Excel/CSV/JSON with Docsumo
  • Tutorial - Docsumo Review Tool - How to view & correct extracted data

Online Procurement videos

Online Procurement | Procurement Software for Suppliers and Spend Management

Category Popularity

0-100% (relative to Docsumo and Online Procurement)
Data Extraction
100 100%
0% 0
Procurement Management
0 0%
100% 100
OCR
100 100%
0% 0
Procurement
0 0%
100% 100

Questions and Answers

As answered by people managing Docsumo and Online Procurement.

How would you describe your primary audience?

Online Procurement's answer:

Purchasing managers, procurement officers, CPO, buyers, category managers

Who are some of the biggest customers of your product?

Online Procurement's answer:

JSW Italy Ecogest Dussmann

User comments

Share your experience with using Docsumo and Online Procurement. For example, how are they different and which one is better?
Log in or Post with

Social recommendations and mentions

Based on our record, Docsumo seems to be more popular. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Docsumo mentions (2)

  • Docsumo Nepal
    Aayush here from Docsumo.com, we are a Document AI platform that empowers tech & ops teams to scale operations effortlessly by capturing, validating & analyzing unstructured documents. We recently raised $3.5 Million from Marquee investors. Source: over 1 year ago
  • Opportunity for data scientists
    Check out our website https://docsumo.com/ and blog https://docsumo.com/blog for more details. Source: almost 2 years ago

Online Procurement mentions (0)

We have not tracked any mentions of Online Procurement yet. Tracking of Online Procurement recommendations started around Aug 2021.

What are some alternatives?

When comparing Docsumo and Online Procurement, you can also consider the following products

DocParser - Extract data from PDF files & automate your workflow with our reliable document parsing software. Convert PDF files to Excel, JSON or update apps with webhooks.

Procoto - Procurement software for SMB

Nanonets OCR - Intelligent text extraction using OCR and deep learning

Jaggaer - Jaggaer is the world's greatest spend management company that enhances cloud-based business automation software solutions.

Amazon Textract - Easily extract text and data from virtually any document using Amazon Textract. Textract goes beyond simple optical character recognition (OCR) to also identify the contents of fields in forms and information stored in tables.

Sastrify - Sastrify is a leading SaaS Spend Management and Procurement Software. We discover, manage your SaaS licenses and negotiate the best prices on the market saving you 30% or more on your SaaS Stack.