TCO Calculator
for Duplicate Invoice Detection

Duplicate invoice submissions are a common problem for enterprises, leading to double payments, reconciliation errors, and financial losses. Legacy OCR systems can extract invoice data but lack the intelligence to cross-check new submissions against historical records, forcing finance teams to manually verify duplicates. This increases operational costs and creates compliance risks.

AI-powered duplicate invoice detection automates the identification of duplicate submissions by matching new invoices against past records based on invoice numbers, vendor details, dates, and amounts. By proactively preventing double payments, organizations reduce financial risk, save audit effort, and strengthen accounts payable controls.

This total cost of ownership calculator helps you evaluate the true ROI of the category using modern AI powered alternatives over traditional OCR based solutions.

TCO with Existing Solution

Legacy OCR solutions achieve 80% accuracy and cannot reliably detect duplicates across invoice histories. Finance teams must manually review submissions, which increases processing time, costs, and the risk of missing duplicates that lead to double payments.

TCO with AI-based Solution

Modern AI leveraging OCR, NLP, and pattern matching achieves 92% accuracy ±2% in detecting duplicates. While this reduces manual workload significantly, AI cannot always identify near-duplicates caused by vendor errors or format differences, requiring targeted verification before final approvals.