What is Docsumo and how does it work? Docsumo is an OCR-based software that intelligently captures and extracts data. It can convert unstructured data, such as pay stubs, bank statements, and invoices, into usable information. Many companies, including Hitachi, Decisiv, Jones, Arbor, Crestone, and Byjus, rely on this platform for their daily tasks. In just a few minutes, Docsumo can extract payment terms, totals, invoice numbers, and more from multiple invoices. It can also separate table line items and utilize calculated attributes for automated decision-making. Additionally, a dedicated human-in-the-loop tool can be used to review captured data and validate it with databases or external APIs. Docsumo is essential in industries like lending, insurance, logistics, and accounts payable, where it automates content classification, rule validation, fraud detection, and API integration. Some common use cases for Docsumo include automating accounts payable with invoice-based data capture, extracting transaction data from scanned documents or PDFs, and converting insurance certificates into actionable data.