Rossum
Rossum is an AI-powered intelligent document processing (IDP) platform that automates data extraction from various business documents, streamlining operations like invoicing and order processing. It transforms unstructured data into actionable insights.
Price: Premium
Description
Rossum leverages advanced AI and computer vision to automatically extract, interpret, and validate data from diverse business documents such as invoices, purchase orders, and receipts. This platform is designed to eliminate manual data entry, reduce processing times, and improve accuracy for finance departments, shared service centers, and logistics companies. Rossum is particularly beneficial for organizations dealing with high volumes of varied document types, enabling faster reconciliation, reduced operational costs, and improved data quality. It stands out from traditional OCR solutions by understanding document context, adapting to new document layouts, and offering human-in-the-loop validation for maximum accuracy.
How to Use
1.Upload Documents: Submit various business documents (e.g., PDFs, images) to the Rossum platform via email, API, or direct upload.
2.AI Extraction: Rossum's AI automatically identifies and extracts relevant data fields from the documents.
3.Validate (Optional): If the AI has low confidence or if specific rules are triggered, a human operator can quickly review and correct extracted data.
4.Export Data: Extracted and validated data is then exported to your ERP, accounting system, or other business applications.
5.Monitor & Improve: Track processing performance and leverage Rossum's continuous learning to improve extraction accuracy over time.
Use Cases
Automated invoice processingPurchase order data extractionReceipt and expense managementCustom document processing (e.g., bills of lading)Streamlining accounts payable/receivableDigitalizing legacy documents
Pros & Cons
Pros
- High accuracy in data extraction from unstructured documents.
- Significantly reduces manual data entry and processing time.
- Adapts to new document layouts and variations through continuous learning.
- Offers human-in-the-loop validation for critical data.
- Seamless integration with existing ERP and accounting systems.
Cons
- Requires initial setup and training for highly specialized document types.
- Pricing is enterprise-focused and not publicly transparent.
- Small businesses with low document volumes might find it overkill.
Pricing
To check the pricing of Rossum click here
FAQs
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