How to Choose the Best OCR Software
Choosing the right OCR software can be challenging. Here are some key factors to consider:
- Accuracy: Ensure the software accurately recognizes both printed and handwritten text in various languages for reliable data extraction.
- Integration: Look for seamless integration with existing tools and workflows, including APIs and webhooks, to easily incorporate the software into your systems.
- Ease of Use: Opt for a user-friendly solution that requires minimal technical skills, making it accessible to a wide range of users.
- Speed: The software should process documents quickly and efficiently, especially important for handling high volumes of documents.
- Cost: Evaluate pricing plans to ensure they fit your budget while offering necessary features, balancing cost and functionality.
- Support: Choose a provider with reliable customer support to assist with troubleshooting and enhance your overall experience.
7 Best OCR Software 2024
1. Parsio
Key Features- AI-powered OCR
- Universal parsing solution: parse emails, PDFs and more
- Pre-trained AI models for Invoices, Bank statements and more
- Easy to use & user-friendly
Pros
- High accuracy
- Parse handwritten text
- Many languages supported
- Integrations with 6000+ apps
Cons
- There is a learning curve to understand which parser type to choose for each use case.
Pricing: Flexible pricing for businesses of all sizes.
Ideal Users: Businesses of all sizes.
2. Nanonets
Key Features- Suitable for large enterprises
- Suitable for legal and tax documents, invoices, and POs
Pros
- OCR capabilities
- Document classification
- Workflow automation features
Cons
- Steep learning curve
- Expensive
- Best for PDF parsing, but limited for other document types
Pricing: High pricing, starting from $499/month.
Ideal Users: Large companies.
3. Abbyy Cloud
Key Features- Cloud OCR service
- Integrations with other software
Pros
- Easy to use
- High accuracy
Cons
- High pricing
Pricing: Quote on request, likely expensive.
Ideal Users: Government agencies, legal professionals, and large companies.
4. Tabula
Key Features- Basic PDF table extraction
- Open source
Pros
- Free & Open source
Cons
- Only extracts tables from PDFs
- Last updated in 2018
- Requires local installation
Pricing: Free.
Ideal Users: Users needing basic table extraction.
5. Tesseract OCR
Key Features- Open source (Python package)
- Uses your local machine for computational power
Pros
- Free & Open source
- Supports multiple languages
- High accuracy (especially for English)
Cons
- Basic parsing capabilities
- Requires coding and technical expertise
- Complex setup
Pricing: Free.
Ideal Users: Developers, researchers, and tech-savvy users.
6. Google Cloud Vision
Key Features- Uses machine learning to extract text, forms, and tables from PDFs and images
- Works best for automation of bigger companies and workflows
Pros
- Highly customizable
Cons
- Require coding and technical expertise
Pricing: Pay as you go.
Ideal Users: Large businesses looking to add OCR to their existing cloud infrastructure.
7. Amazon Textract
Key Features- Retains document layout
- Extracts structured data
Pros
- High accuracy
- Highly customizable
- Scalability
Cons
- Require coding
- Can quickly become expensive
- Doesn't extract images
Pricing: Pay as you go.
Ideal Users: Large businesses, enterprises, developers with high volume needs.
Parsio: all you need in one place
Parsio is the go-to OCR software for all your data extraction needs.
Input formats
Supports PDFs, images, and scanned documents.
Output formats
Exports to Excel, CSV, HTML, Markdown, and TXT.
Document layout
Keeps the original layout of documents.
Handwritten text
Can read and extract handwritten text.
Languages
Works with many different languages.
PDF tables
Extracts tables from documents.
Need a more specialized data extraction?
Parsio combines templates, pre-trained AI models, a robust AI OCR engine, and a GPT-powered parser, enabling you to parse virtually any type of document to fit your specific needs.
Ready to get started?
Try out all Parsio features for free.