TCO Calculator
for Multiformat processing for invoices

Enterprises receive invoices in multiple formats, PDFs, scanned images, XML, Excel, and EDI making data extraction complex and inconsistent. Legacy OCR systems are optimized only for structured PDFs or images, failing to handle semi-structured and digital-native formats reliably. This increases manual intervention, slows down processing, and reduces data accuracy for finance systems.

AI-powered multiformat processing enables enterprises to seamlessly extract invoice data across diverse formats using adaptive parsing and intelligent normalization. By supporting both traditional and digital-native invoice formats, organizations can reduce manual effort, accelerate financial close cycles, and achieve higher accuracy.

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 achieves 80% accuracy but is limited to structured formats like PDF and images. Invoices received in XML, Excel, or EDI require heavy manual intervention, significantly increasing costs and slowing down accounts payable processes.

TCO with AI-based Solution

Modern AI leveraging OCR, NLP, and adaptive parsers achieves 92% accuracy ±2% across multiple formats. While this reduces manual work substantially, AI cannot always pinpoint parsing errors, requiring finance teams to verify extracted values before integration.