9 Best OCR Software for Invoice Processing

Manual invoice entry can take 10–30 minutes per invoice, whereas AI-augmented systems can reduce that to 1–2 seconds per invoice, while cutting cost per invoice from ~$12–20 down to ~$2.36.

Meanwhile, the OCR (optical character recognition) market is growing rapidly as well — from ~USD 10.6 billion in 2022 to a projected USD 32.9 billion by 2030 (CAGR ≈ 14.8 %)

So we have compile list of OCR/invoice-processing tools—some optimized for SMBs, some for large enterprises, and some API-centric—so you can pick the one best aligned with your scale, tech maturity, and budget.

For Small & Medium Businesses

1. InvoiceOCRSoftware.com

InvoiceOCRSoftware.com is an online platform dedicated to invoice data extraction. It aims to provide plug & play OCR for SMBs who want to automate basic invoice processing without heavy infrastructure setup.

Key Features

• Prebuilt invoice templates and smart field detection
• Integration with common accounting tools (QuickBooks, Xero, etc.)
• Rule-based validation, e.g. if “total” doesn’t match line items
• Dashboard + export in structured formats (CSV, JSON, XLSX)

Pricing Model: Pay-per-use starting at $0.05 per page; subscription tiers from $29/month for 500 pages, with free trial—affordable for SMBs scaling from 100-1,000 invoices/year.

2. Parsio

Parsio leverages pre-trained AI OCR models to extract invoice data from PDFs/emails in seconds, with broad support for various formats and languages.​

Key Features:

• AI-powered line-item and table recognition
• Auto-parse scanned, PDF, or digital invoices
• 6,000+ workflow integrations (Zapier, Make, webhooks)
• Multi-language and handwritten text support​

Pricing Model: Free sandbox (30 documents); paid plans start at $41/mo for 1,000 docs and scale to business-level at $249/mo.

3. Tailride

Tailride automates invoice capture from emails, supplier portals, and PDF uploads with a seamless, hands-off workflow designed for diverse business communications.​

Key Features

• Multi-source capture (emails, portals, attachments)
• Automated categorization and multi-currency reconciliation
• Human validation loop for flagged uncertainty
• Strong integrations for Xero, QuickBooks, Google Workspace​

Pricing Model: Free plan for 10 invoices/month; paid plans start at $19/mo for 50 invoices, scaling for larger needs.

For Large Enterprises

When you have large volumes, diverse invoice types, and more demanding compliance, these enterprise-grade solutions come into play.

4. ABBYY FlexiCapture

ABBYY FlexiCapture is a mature, highly configurable platform built for enterprise-scale document intelligence, including invoices, purchase orders, contracts, and more.

Key Features

• Rule-based and AI-based classification + extraction
• Support for complex document layouts and multiple languages
• Workflow design, validation stages, and human-in-the-loop routing
• Integration with major ERPs (SAP, Oracle, Microsoft Dynamics)

Pricing Model: Subscription (starts ~$9,700/year for 30k pages, enterprise plans scale into six figures).

5. Rossum

Rossum is a cloud-native invoice processing platform AI designed for enterprise-scale accounts payable. It emphasizes learning and adaptability across vendors.

Key Features

• Zero-template, neural-network-based parsing
• Feedback-loop training (correction-based reinforcement)
• Validation workflows and exception routing
• API connectors and plug-ins for ERPs

Pricing Model: Usage-based from $0.50/document; enterprise plans $1,000+/month—scalable but premium.

6. Kofax ReadSoft

An automation powerhouse for enterprise AP workflows, Kofax ReadSoft excels in high-accuracy data extraction and deep ERP integration for organizations managing thousands of invoices weekly.​

Key Features:

• Machine learning-driven capture and validation
• ERP routing for payment and approval
• Multi-format and multi-page invoice support

Advanced compliance/audit management​

Pricing Model: Quote-based, generally for large organizations; business tier starts at ~$150/month for 1,000 pages, Custom enterprise licensing, often $10,000+ annually—volume discounts apply.

Builder-Centric and API-First Solutions

For tech-savvy businesses, developers, or those building custom workflows, these solutions offer maximum flexibility.

7. Amazon Textract

Amazon Textract is an AWS-native OCR + document analysis service that supports structured and unstructured documents. It is often used as a component in larger document pipeline architectures.

Key Features

• OCR + layout analysis + table & key-value extraction
• Automatically detects form-like or tabular data
• Integrates with AWS ecosystem (S3, Lambda, Comprehend)
• Pay-per-use pricing model

Pricing Model: $1.50/1,000 basic OCR pages; advanced invoice extraction $10/1,000 pages (prices decrease at high volume), 3-month free tier for new users.

8. Google Document AI

Google Document AI is Google Cloud’s document understanding platform. For invoices, it provides pretrained models and the option to fine-tune custom parsers.

Key Features

• Pre-built “Invoice Parser” pipeline
• Layout-aware extraction (tables, line items, key fields)
• Option to train custom schema models
• Strong REST / gRPC API plus GCP integration

Pricing Model: $1.50 per 1,000 pages for general OCR; specialized processors $0.05-0.50 per page—affordable for API users.

9. IronOCR

IronOCR is a .NET-centric OCR library built for developers who want direct control over OCR in application code. It’s useful when you want OCR as a component inside your product rather than a standalone service.

Key Features

• Native .NET (C#, VB.NET) OCR engine
• Integration into in-house applications or desktop / server logic
• Supports PDF, image formats, multi-page, OCR preprocessing
• Custom recognition settings (thresholds, filters, zone definitions)

Pricing Model: One-time license from $749; free community edition with limits—cost-effective for SMB developers.

How Intuz Can Help with OCR Invoice Automation

Intuz helps small and medium businesses automate invoice processing by designing custom OCR solutions that connect AI-powered data extraction with core accounting workflows, driving speed and accuracy for every accounts payable task.​

• Integration of best-in-class OCR engines (Google Document AI, Amazon Textract, Nanonets) with QuickBooks, Xero, SAP, and other platforms.
• Streamlined workflows—automated invoice intake, smart validation, and instant data sync.
• Modular low-code/no-code deployment, so even non-technical teams can scale automation as needed.
• Custom AI models for unique invoice formats, languages, and workflows, saving 40+ hours per team per month.
• Consultative partnership—Intuz audits business requirements, recommends ROI-driven solutions, and supports long-term automation growth.

Book free 45-minute consultation call with our team and get workflow audit and practical automation tips tailored to your business—no strings attached.