Rossum product overview
Rossum is an AI-powered invoice data extraction service that can be customized and integrated into your company processes. Capture data from any invoice with no template setup with fast deployment. Because Rossum is powered by AI, it continually and automatically improves. Integrated manually or through RPA or API, Rossum is both scalable and cloud-based.
Pros of Rossum
Rossum can start extraction from day one, with up to 97% fewer keystrokes, making it up to six times faster than manual data entry. Rossum is suited for companies that are processing a large volume of invoices manually or with template-based OCR solutions.
Cons of Rossum
Rossum only parses invoices, if you want a system that lets employees track time or monitor other business expenses you may want a more comprehensive software.
Breakdown of core features
Batch process and index invoices with up to 98% accuracy. Validate data in an optional user interface. Invoices can be scanned in a variety of formats from day one, with multiple output formats.
An accounts payable specialist can process an invoice in as little as 30 seconds. Rossum increases AP accuracy with duplicate payment alerts and even writes checks.
Not only can Rossum extract data like phone numbers and email addresses, but it can also extract documents and disparate data collection. Data is extracted an average of six times faster than traditional OCR. Rossum can also read all invoices regardless of language as long as they use the Latin alphabet.
(Last updated on 02/13/2020 by Marshall Bright)