TurboDoc vs Lido InvoiceOCR Detailed comparison features, price

TurboDoc

TurboDoc leverages advanced AI to accurately extract information from invoices. It transforms unstructured invoice data into a structured, easily readable format.

The system organizes extracted data in a centralized dashboard, allowing for efficient accounting and data management. TurboDoc offers AES256 enterprise-level encryption to ensure data privacy and security, storing data on secure servers in the USA. The platform integrates with Gmail to automate the invoice processing workflow.

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

TurboDoc Pricing

Paid

From $6

TurboDoc offers Paid pricing with plans starting from $6 per month .

Lido InvoiceOCR Pricing

Paid

From $150

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

Features

TurboDoc

Precise Data Extraction: Utilizes an advanced AI model trained on a large corpus of documents, ensuring high accuracy.
Organized Registry: All recognized data extracted from invoices are conveniently organized in one place.
Transparent Data for Accounting: A user-friendly interface facilitates effective invoice management and data export in various formats (xls, csv, pdf, word).
Data Privacy: Provides AES256 enterprise-level encryption and secure data storage in the USA.
Gmail Integration: Automates invoice processing by connecting with Gmail.

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

TurboDoc Use Cases

Automating accounts payable workflow
Budget planning and control
Eliminating manual data entry
Reducing late payments or duplicates
Capturing early payment discounts
Streamlining invoice data management

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

TurboDoc FAQs

How can I try out the invoice data extraction feature?

To get a feel for how our invoice data extraction works, you can experiment with our demo on this page. For a more comprehensive experience, consider signing up for a free trial account. This will give you full access to our features and help you better understand the capabilities of our service.
In what ways does automating invoice processing lead to cost savings?

Automating invoice processing streamlines the accounts payable workflow, eliminating the need for manual data entry. This not only frees up staff to concentrate on tasks that add more value but also reduces the likelihood of late payments or duplicates. Moreover, automation enables businesses to capitalize on early payment discounts, further reducing costs.
Can the system process invoices with poor image quality?

Our system is equipped with advanced image processing algorithms designed to handle invoices for varying image qualities. However, for optimal results and accuracy in data extraction, we recommend using clear and legible images whenever possible.
Is there technical support available for users?

Yes, all users receive comprehensive technical support. Pro tariff subscribers benefit from premium support, ensuring faster and prioritized assistance.
What languages does the web service support for invoice processing?

TurboDoc can process invoices in English, Spanish, German, French, Italian, Dutch, Portuguese, and Catalan. For assistance with languages not listed, please contact our support team.

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.