If you are looking for Alternatives to Kofax You are in the right place!  here you will find out a comparison between Kofax and Procys, two completely different options when it comes to technology, costs, and overall performance. 

Before entering straight to comparison, first, let’s understand one of the core elements (If not the main) to compare when it comes to invoicing processing solutions: OCR.

Simply put, OCR (Optical Character Recognition)  is the technology that allows the extraction of structured data (Like invoice headers and lines) from scanned documents or images. Inside this ‘’OCR world’’ there are different types, for example:

• Template-based (Kofax): Requires making templates for every type of document. The data is extracted only if you have set a structured layout to guide the OCR process (Considered as an outdated process)

   

• AI-Based (Procys): is a modern type of OCR powered by artificial intelligence. The data is extracted automatically with the capabilities of learning from your documents and improving over time. 

One of the main elements of invoice processing solutions is the OCR, where our comparison begins! You will find the difference in implementation times, costs, maintenance, and much more. Here is a comparison table between Kofax and Procys; see it for yourself!