InvoiceOCR vs Lido InvoiceOCR Detailed comparison features, price

InvoiceOCR

InvoiceOCR offers a solution for automating the extraction of data from invoices. Using advanced Optical Character Recognition (OCR) and Machine Learning technology, the tool processes invoices regardless of their format or layout. It is trained on millions of invoices to ensure a high level of accuracy in data extraction.

The platform supports processing invoices in numerous languages, making it suitable for businesses dealing with international documents. By converting invoice data directly into CSV or Excel files, InvoiceOCR helps streamline financial management processes, saving users significant time and enhancing overall operational productivity. Data security is emphasized, with files being removed after conversion to protect user privacy.

Lido InvoiceOCR

Lido InvoiceOCR leverages best-in-class AI technology to accurately extract data from invoices, streamlining accounts payable workflows and reducing time spent on manual data entry. Supporting a wide range of file types, including PDFs, scans, images, and documents, it allows users to upload invoices and automatically capture structured data such as names, dates, and invoice numbers.

With features like automated email parsing, seamless integrations with tools like Excel, Google Sheets, and QuickBooks, and advanced customization rules, Lido adapts to multiple vendor formats without requiring custom templates. Robust security ensures data privacy using state-of-the-art AES-256 encryption, and no user data is used for AI model training. This makes Lido InvoiceOCR a scalable, secure, and efficient solution for businesses aiming to improve accuracy and efficiency in invoice processing.

Pricing

InvoiceOCR Pricing

Freemium

From $9

InvoiceOCR offers Freemium pricing with plans starting from $9 per month .

Lido InvoiceOCR Pricing

Paid

From $150

Lido InvoiceOCR offers Paid pricing with plans starting from $150 per month .

Features

InvoiceOCR

AI-Powered OCR: Uses advanced OCR and Machine Learning for data extraction.
Multilingual Support: Processes invoices in many languages.
High Accuracy: Trained on millions of invoices for precise data extraction.
Format Flexibility: Works with any invoice format or layout without fixed templates.
CSV/Excel Output: Converts extracted data directly into CSV or Excel files.
Data Security: Ensures user data privacy by removing files after processing.

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.

Use Cases

InvoiceOCR Use Cases

Automating accounts payable data entry.
Streamlining financial record-keeping.
Processing international invoices with multilingual support.
Improving workflow efficiency by reducing manual data input.
Converting diverse invoice formats into standardized spreadsheet data.

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.

FAQs

InvoiceOCR FAQs

How does invoiceocr.io work?

Invoiceocr.io uses advanced OCR and Machine Learning to extract data from invoices and convert them into Excel or CSV formats, emphasizing high accuracy for workflow automation.
What types of invoices can be converted?

The tool can convert any invoice, regardless of format or layout, as it doesn't rely on fixed templates and uses AI technology to identify data.
Is my data secure with InvoiceOCR?

Yes, data security is a top priority. Your information is considered safe, and files are promptly removed from their systems after conversion to ensure privacy.

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.