iKapture vs OCR Invoice AI Detailed comparison features, price

iKapture

iKapture is an accounts payable automation platform that leverages Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), and human intelligence to streamline invoice processing. It operates in a no-code environment, making it accessible and easy to integrate with existing ERP systems via API.

The platform offers a comprehensive solution for automating accounts payable, from document collection and classification to invoice matching and fraud detection. iKapture centralizes governance and prioritizes stringent security providing authentication methods.

OCR Invoice AI

OCR Invoice AI offers advanced optical character recognition technology designed to swiftly and accurately extract data from various invoice formats, including PDFs, images, scans, and email attachments. The system utilizes robust AI models that eliminate the need for custom templates and enable effortless processing of invoices from multiple vendors, regardless of layout complexity.

Seamless integrations allow the extracted data to be exported to Excel, Google Sheets, QuickBooks, or an ERP solution, enhancing workflow automation and productivity. With security features such as AES-256 encryption and strong data privacy safeguards, companies can trust their sensitive financial data to remain protected. OCR Invoice AI's customizable rules and automated email parsing capabilities help businesses save time, reduce errors, and scale efficiently without increasing headcount.

Pricing

iKapture Pricing

Paid

From $1200

iKapture offers Paid pricing with plans starting from $1200 per month .

OCR Invoice AI Pricing

Paid

From $150

OCR Invoice AI offers Paid pricing with plans starting from $150 per month .

Features

iKapture

Smart Access: Automated document collection and classification from multiple sources (PDFs, JPGs, PNGs).
Document Classification: AI/ML-driven classification of various invoice types (tax, credit, commercial, legal).
Role Based Access: Controlled access for different user roles (AP user, Manager, Finance Head).
Authentication: Secure access with SSO and MFA for external users.
Matching: Automated 2-way and 3-way invoice matching with purchase orders and goods receipt notes.
non - PO: Processing for non-purchase order invoices.
360-Degree Visibility: Centralized invoice tracking, communication, and activity monitoring.
Durusta – A Conversational BOT: AI-powered digital assistant for data retrieval.
Fraud Detection: Rule-based and AI/ML-based techniques to identify fraudulent invoices.
Supplier Segmentation: Categorization of suppliers for improved relationship management and risk assessment.

OCR Invoice AI

AI OCR Extraction: Processes PDFs, scans, images, and docs for accurate data extraction.
Template-Free Technology: Handles multiple vendor invoice formats without custom templates.
Automated Email Parsing: Processes incoming invoice emails and their attachments automatically.
Custom Rules: Allows user-defined extraction rules for specific vendors or fields.
Seamless Imports: Imports invoices from desktop, shared drive, or email.
Automated Exports: Sends extracted data directly to Excel, Google Sheets, QuickBooks, or ERP.
High Security: Utilizes AES-256 encrypted data processing with strict data privacy policies.

Use Cases

iKapture Use Cases

Automating invoice data entry and processing
Improving accuracy in accounts payable
Reducing invoice processing time and costs
Enhancing supplier relationships through timely payments
Detecting and preventing invoice fraud
Streamlining accounts payable workflows
Integrating accounts payable data with ERP systems
Gaining real-time insights into accounts payable performance

OCR Invoice AI Use Cases

Automating accounts payable data entry for finance teams.
Processing and extracting data from bulk invoice PDFs or scans.
Streamlining invoice management for small businesses handling diverse vendor formats.
Automatically parsing invoices sent to a shared email inbox.
Exporting invoice data to accounting or ERP systems for reconciliation and reporting.