Choosing the right invoice recognition software can make a big difference in how fast and accurately your team processes invoices. In this guide, we highlight the top 10 tools worth considering and help you understand which features matter most for smooth, reliable AP workflows. Read on to learn more.
Software
Best For
Key Features
InvoiceOCRSoftware.com
Teams needing fast, accurate invoice recognition with simple setup
High-accuracy OCR, line-item extraction, email/cloud imports, exports to Excel/CSV/accounting tools
Lido
Teams needing reliable OCR and easy integration with spreadsheets + ERPs
AI-driven invoice automation, works with PDFs/images/scans/inbox, built-in validation, fast exports
Nanonets
Teams with varied or complex invoice formats needing customizable AI
Customizable AI models, line-item extraction, strong API, email/cloud/ERP integrations
AvidXchange
Businesses wanting invoice recognition + full AP automation
Teams using RPA needing OCR connected to automated workflows
OCR + RPA, pre-built invoice templates, model training, ERP updates through bots
Veryfi
Mobile-heavy teams needing real-time invoice/receipt capture
Real-time OCR, strong mobile apps, secure on-device processing, line-item extraction
1. InvoiceOCRSoftware.com
InvoiceOCRSoftware.com is a strong all-around choice for teams that want fast, accurate invoice recognition without a complicated setup. It reads key fields, line items, totals, and vendor details from invoices in almost any layout. The platform focuses on simplicity, making it easy for small teams and growing businesses to automate data entry and reduce manual work.
Key Features:
High-accuracy OCR for invoices and receipts
Line-item extraction with smart formatting
Email and cloud import options
Export to Excel, CSV, and accounting tools
Things to Consider:
Fewer advanced workflow tools than enterprise-level systems
Custom integrations may require technical support
Pricing:
Standard: $29/month (1 user and 100 pages)
Scale: $3,950/year (10 users and 42,000 pages with API access)
Enterprise: Starts at $20,000 per year with unlimited pages and ERP integrations
2. Lido
Lido is another solid choice for teams that need reliable and accurate invoice OCR. It captures key fields and full line items from almost any invoice format without templates or manual configuration. Setup is quick thanks to shared inbox parsing, automatic imports from email or cloud storage, and fast exports to Excel, Google Sheets, QuickBooks, or ERP systems.
Key Features:
AI-driven invoice automation
Works with PDFs, images, scans, and email attachments
Built-in validation to keep data accurate
Fast export to Excel, Google Sheets, or through API
Things to Consider:
Fewer native integrations compared to long-standing legacy tools
Still expanding its footprint with larger enterprise teams
Pricing:
Standard: $29/month for one user and up to 100 pages
Scale: $4,950/year for up to 10 users and 42,000 pages with API access
Enterprise: Starts at $25,000 per year with unlimited pages, ERP integrations, and priority support
3. Nanonets
Nanonets is known for its flexible AI models and ability to handle complex invoice formats. It supports multi-page documents, country-specific layouts, and vendor-specific structures, making it great for teams with varied data sources.
Key Features:
Pre-trained and customizable AI models
Line-item extraction with table reconstruction
Strong API for custom workflows
Integrations for email, cloud storage, and ERPs
Things to Consider:
Custom training can require setup time
Pricing can rise quickly for high-volume needs
Pricing:
Free: $200 in credits to get started
Pro: $999 per month for up to 10,000 pages
Overages: Around $0.10 per page once you exceed the limit
Enterprise: Custom pricing with volume discounts and dedicated support
4. AvidXchange
AvidXchange offers invoice recognition paired with a full AP automation suite. It reads invoice data, routes approvals, and handles payments in a single system, which is helpful for finance teams that want an all-in-one tool.
Key Features:
OCR invoice capture with approval routing
Built-in supplier network
Payment automation
Strong ERP integrations
Things to Consider:
Not ideal if you only need OCR without full AP automation
Longer onboarding compared to simpler tools
Pricing:
Quote-based, typically for mid-size and enterprise clients
5. InvoiceRecognitionSoftware.com
InvoiceRecognitionSoftware.com focuses on highly accurate OCR and easy exports. It’s built for teams that mainly want dependable invoice data capture without the extra complexity of full AP automation.
Key Features:
Accurate field and line-item extraction
PDF, image, and email support
Quick export to spreadsheets and accounting systems
Things to Consider:
Limited automation compared to larger platforms
Best suited for smaller finance teams
Pricing:
Standard: $29/month for one user and 100 pages
Scale: $3,950/year for 10 users and 42,000 pages with API access
Enterprise: Starts at $20,000/year with unlimited pages and ERP integrations
6. Rossum
Rossum is an AI-first platform known for high accuracy and scalability. Its “zero-template” engine works with almost any document layout and improves over time. Larger teams like it for its workflow automation and collaboration features.
Key Features:
AI OCR with adaptive learning
Approval workflows and collaboration tools
ERP and accounting integrations
Strong API for enterprise setups
Things to Consider:
Interface can feel heavy for small teams
Pricing skews toward mid-market and enterprise
Pricing:
Starter: Around $18,000 per year
Enterprise: Custom pricing based on volume and integration needs
7. Docsumo
Docsumo is designed for teams that manage a high volume of financial and operational documents. Its AI models handle invoices, receipts, POs, bank statements, and even semi-structured documents with unusual layouts. Docsumo is also popular with teams that need strict validation, document comparisons, or multi-step approval flows.
Key Features:
AI-driven extraction for invoices, POs, receipts, bank statements, and contracts
Table and line-item extraction with smart column detection
Custom model training for vendor-specific and country-specific layouts
Built-in validation, rules, and anomaly checks to reduce errors
API support for integrating with ERPs, accounting systems, or internal apps
Batch processing for bulk uploads
Things to Consider:
Advanced features and custom model setup can require onboarding help
UI may feel complex for smaller teams that only need basic OCR
Pricing
Growth: $399 per month for up to 36,000 pages per year
Pro: Custom enterprise pricing based on volume and features
8. ABBYY FlexiCapture
ABBYY FlexiCapture is one of the most trusted enterprise OCR tools. It can read almost any invoice format and has deep configuration options for teams that want full control over data extraction.
Key Features:
Enterprise-grade OCR with high accuracy
Advanced rules and validation
Workflow automation
Scales well for large organizations
Things to Consider:
Setup can be technical
Pricing is higher than cloud-first tools
Pricing:
Custom enterprise pricing
9. UiPath Document Understanding
UiPath combines OCR with RPA, making it ideal for teams that want automation beyond invoice extraction and recognition. It connects document processing to bots that can handle approvals, data entry, and ERP updates.
Key Features:
OCR plus robotic process automation
Pre-built templates for invoices
Model training and improvements
Integrates with existing UiPath workflows
Things to Consider:
More complex than standalone OCR tools
Best suited for teams already using UiPath
Pricing:
Quote-based, depending on automation needs
10. Veryfi
Veryfi is built for speed and mobility, making it a strong fit for teams that need real-time invoice and receipt capture from the field. Its mobile apps scan documents instantly and process them using on-device OCR, which keeps data secure and reduces upload delays. However, the tool focuses on quick capture rather than full AP automation, so it works best for teams that want clean data without complicated workflows.
Key Features:
Real-time OCR for invoices and receipts
Strong mobile apps and API
Secure, on-device processing options
Line-item support
Things to Consider:
Feature set is lighter than full AP platforms
Best for small teams or field-heavy operations
Pricing:
Free Tier: Up to 100 documents per month
API Usage Pricing: Starts at about $0.16 per invoice or $0.08 per receipt with a $500 monthly minimum
High-Volume Plans: Custom pricing available for 25,000+ documents per month
We hope you now have a better understanding of how to choose the right invoice recognition software for your business.
