DocuCapture

An offline software for capturing invoices and receipts into accounting formats using standard OCR, ML and AI technologies.

Background

Document capturing is when an accountant or user scans in an invoice or receipt to their device and the device automatically will populate the expenses into their accounting software. This requires OCR, ML and AI technologies.

Competition

	SAP Concur	FreshBooks	Expensify	Receipts by Wave	Appfolio	Quickbooks Smart receipt capture
Phone App	Yes	Yes	Yes	Yes	-	Yes
Track Expenses	Yes	Yes	Yes	Yes	Yes	Yes
Trial	yes	30-day	yes	-	No	30-day
Price	Consult	$6/mo	$5/mo	free	$250/mo	$12.50/mo
Audience	Enterprise	Small Bus/personal	Small Bus/personal	Small Bus/personal	Medium Bus	Small/medium/personal
Offline	Yes	No	No	No	No	No

Problem

Invoice capturing from all competitors involves sending invoices to the web and often waiting a couple minutes each invoice for the document to be fully processed. The issue is that capturing a hundred invoices and receipts with a 3 minute processing time means you will be waiting many hours for the processing to complete.

Solution

DocuCapture is an offline solution for Phone and Desktop allowing invoice capture to be run locally, speeding up the processing by distributing processing jobs across the devices in your workplace. After processing, the processed invoices can be safely aggregated.

Solution Diagram

Advantages over competition

• Invoice and receipt capturing and processing speed scales with the devices that have DocuCapture installed.
• Invoice an receipt capturing unaffected by web service outages
• This is the only offline solution for small and mid-sized businesses. (SAP has a solution at the enterprise level)

Audience

Small and Medium sized businesses. Can be used personally too.

Team Members needed

• A business analyst for determining any other potential uses for the idea and indentify pitfalls and solutions.
• Marketer for determining the marketing stretegy
• Apple mobile dev (or Android depending on whatever is the platform of choice). Just needs to take a photo, run the processing algorithm already developed, then send results to web.