Invoice Data Extraction VS Lido InvoiceOCR

Invoice Data Extraction Pricing

Lido InvoiceOCR Pricing

Invoice Data Extraction

• Natural Language Control: Describe any data field in plain English—no technical skills needed.
• Instant Excel Export: Get structured data ready for your accounting software.
• Process 250MB+ Batches: Transform hundreds of invoices in minutes—10 seconds per page.
• Enterprise-Grade Security: 24-hour retention, encrypted transmission, US-based servers.
• Universal Format Support: PDFs, scanned documents, JPG, PNG—no templates needed.
• Global Language Support: Process invoices and give instructions in any language you prefer. Handles mixed languages, currencies, and date formats automatically.

Lido InvoiceOCR

• AI OCR Extraction: Accurately extracts invoice data from PDFs, scans, images, and documents.
• Automated Email Parser: Processes invoices received via a shared email inbox including attachments.
• Template-Free Processing: Handles multiple vendor formats without needing custom templates.
• Customizable Data Rules: Allows user-defined data transformation, such as renaming or formatting fields.
• Seamless Import and Export: Imports from desktop, drives, emails, and exports to Excel, Google Sheets, QuickBooks, and ERPs.
• Data Security: Utilizes AES-256 encryption for data at rest and in transit, ensuring privacy and compliance.
• Scalable Plans: Offers tiered pricing for businesses of different sizes and page volume needs.

Invoice Data Extraction Use Cases

• Processing multi-client invoices for accounting firms.
• Streamlining financial administration for small business owners.
• Handling high-volume invoice processing for AP teams.
• Automating expense tracking for finance departments.
• Converting various invoice formats to organized Excel sheets.

Lido InvoiceOCR Use Cases

• Automating invoice data entry for accounts payable teams.
• Batch processing large volumes of vendor invoices into structured spreadsheets.
• Reducing manual errors in invoice processing for medium and large enterprises.
• Integrating invoice data directly into QuickBooks, ERPs, and accounting platforms.
• Extracting and transforming specific invoice fields with customized rules.
• Automating the parsing of invoices sent to a centralized email address.

Invoice Data Extraction FAQs

• How accurate is the AI in extracting data from invoices?

  Our invoice data extraction software achieves upwards of 98% accuracy across a wide range of invoice types. It understands invoice and receipt content much like a human, easily handling various layouts and unexpected formats. Plus, we're committed to continuous improvement, regularly updating to the latest AI models, including advanced large language models (LLMs), for even better accuracy and flexibility.
• Is my data secure and private when using this service?

  Absolutely. Data security and privacy is a cornerstone of our service. Our platform is secured by Cloudflare, and we use encryption to protect data in transit. All data is stored on secure servers in the United States. We never share your data with third parties or use it beyond providing our invoice data extraction service.
• What types of invoice file formats are supported?

  We support a variety of file formats, including PDF invoice extraction, JPG, PNG, and even scanned or image PDFs. Our software allows you to process mixed file types in the same batch without any issues, performing invoice text extraction and invoice table extraction seamlessly.
• Can the software handle invoices with different layouts or templates?

  Yes, our automated invoice extraction software handles invoices with any layout—no templates needed. Our advanced AI and computer vision technologies perform invoice bill and receipt data extraction from all formats, unlike traditional methods that rely on rigid templates. This saves you time and effort.
• Do I need any technical expertise to use the software?

  Not at all. Our software is designed for simplicity and requires no technical expertise. Just describe the data you need in natural language, and we'll handle the rest. You'll get clean, organized invoice data with minimal effort.

Lido InvoiceOCR FAQs

• Which file formats does Lido InvoiceOCR support for data extraction?

  Lido InvoiceOCR works with scanned and searchable PDFs, images, and document files for extracting invoice data.
• Can Lido InvoiceOCR export data to different accounting platforms?

  Yes, it can export extracted invoice data directly to Excel, Google Sheets, QuickBooks, and ERP systems.
• Is data processed by Lido InvoiceOCR used for AI model training?

  No, Lido's technology ensures that user data is not used for training its AI models.
• How does Lido InvoiceOCR ensure data security?

  Data is protected with AES-256 encryption while at rest and during transmission, and comprehensive data processing agreements ensure privacy.
• What business sizes can benefit from Lido InvoiceOCR?

  Lido offers scalable plans designed for businesses of all sizes, from small enterprises to large organizations.

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