TCO Calculator
for Vendor & Buyer Classification

Enterprises handle large volumes of invoices, POs, and contracts across multiple business units, departments, and regions. Legacy OCR systems can extract data but lack the intelligence to classify documents by vendor, buyer, or organizational attributes. This forces finance, procurement, and legal teams to manually categorize documents, slowing reporting, creating bottlenecks, and increasing errors in downstream workflows.

AI-powered vendor and buyer classification automates the categorization of documents using extracted metadata such as vendor details, buyer, department, cost center, and region. By streamlining classification, organizations accelerate approvals, improve reporting accuracy, and enhance procurement and finance efficiency.

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 classify documents by vendor or buyer metadata. This forces teams to manually route and categorize documents, increasing costs, errors, and approval delays.

TCO with AI-based Solution

Modern AI combining OCR, NLP, and metadata-driven classification achieves 92% accuracy ±2% in automatically categorizing documents. While this reduces manual workload substantially, AI cannot fully capture company-specific classification rules, requiring occasional human oversight for exceptions.