Invoice Parser Alternatives

Comprehensive comparison of invoice parsing and automation solutions. Find the best alternative for your business with detailed feature comparisons, pricing analysis, and UK compliance reviews.

24
Competitors
4
Market Segments
2031K
Monthly Searches
11
Resources

Invoice Processing Market Landscape

The invoice processing market is segmented into three main categories, each serving different business needs and budgets.

Free Generators

High-traffic, ad-supported or freemium models targeting freelancers and occasional users

Market Size: 10M+ monthly users

4 major players

Template Libraries

SEO-driven lead generation funnels for accounting software and financial services

Market Size: 5M+ monthly searches

2 major players

AI Parsers

Enterprise SaaS with complex pricing targeting mid-market to large businesses

Market Size: $2.3B global market (2025)

10 major players

Free Invoice Generators

Simple tools for creating invoices manually

Invoice-Generator.com

United States

Free invoice generator with 4M+ users

4.0M monthly users

Freemium model

Multi-currency

Starting at:

Free Tier

Square Invoices

San Francisco, USA

Free invoices + 2.5% payment fee

Freemium model

Multi-currency

Full automation

Full API access

Starting at:

Free Tier

Invoice Ninja

Washington, USA

Free open-source invoicing with unlimited invoices for up to 20 clients

0.5M monthly users

Freemium model

Multi-currency

0

Full automation

Full API access

Starting at:

Free Tier

Conta

Remote-first (European team)

Free unlimited invoicing with mobile app for freelancers

0.2M monthly users

Free model

Multi-currency

0

Full automation

Starting at:

Free

Invoice Template Libraries

Pre-designed templates for various industries

Canva Invoice Generator

Sydney, Australia

Design-first invoice templates

Freemium model

Starting at:

Free Tier

Wise Invoice Templates

London, UK

UK-focused invoice templates from Wise

Free model

UK Compliance

Multi-currency

Full API access

Starting at:

Free

AI-Powered Invoice Parsers

Advanced OCR and automation solutions

Nanonets

San Francisco, USA

Enterprise AI invoice parser with 99% accuracy

Usage-based model

Multi-currency

99% OCR accuracy

Full automation

Full API access

Batch processing

Pricing:

Pay-as-you-go

DocuClipper

United States

OCR for invoices and bank statements

Subscription model

Multi-currency

97.5% OCR accuracy

Full automation

Batch processing

Starting at:

USD 39/mo

Rossum

London, UK / Prague, Czech Republic

Enterprise cognitive AI for invoices

Enterprise model

UK Compliance

Multi-currency

99.5% OCR accuracy

Full automation

Full API access

Batch processing

Starting at:

USD 5000

Dext Prepare

London, UK

Accounting automation for UK firms - £20/client/mo

Subscription model

UK Compliance

Multi-currency

99% OCR accuracy

Full automation

Full API access

Batch processing

Starting at:

GBP 232.86/mo

Hubdoc (by Xero)

Toronto, Canada

Free with Xero subscription - invoice capture

Free model

UK Compliance

Multi-currency

95% OCR accuracy

Full automation

Starting at:

Free

Parseur

Mauritius

AI email/PDF parser - $99/mo starting

Subscription model

99% OCR accuracy

Full automation

Full API access

Batch processing

Starting at:

Free

Docsumo

San Jose, California, USA

AI document extraction with 99% accuracy for finance teams

0.0M monthly users

Subscription model

Multi-currency

99% OCR accuracy

Full automation

Full API access

Batch processing

Starting at:

Free

Tipalti

Foster City, California, USA

Enterprise AP automation with global payment capabilities to 190+ countries

0.1M monthly users

Subscription model

UK Compliance

Multi-currency

97% OCR accuracy

Full automation

Full API access

Batch processing

Starting at:

USD 99/mo

AutoEntry

Cork, Ireland

Sage-owned OCR automation for accountants and bookkeepers

0.0M monthly users

Usage-based model

UK Compliance

Multi-currency

96% OCR accuracy

Full automation

Batch processing

Pricing:

Pay-as-you-go

Tungsten Automation (Kofax ReadSoft)

Irvine, California, USA

Enterprise invoice automation for high-volume AP teams

Enterprise model

UK Compliance

Multi-currency

98% OCR accuracy

Full automation

Full API access

Batch processing

Starting at:

USD 2000

API Services

Developer-focused invoice processing APIs

Google Cloud Document AI

Mountain View, California

Google Cloud invoice parsing API

Usage-based model

Multi-currency

98% OCR accuracy

Full API access

Batch processing

Pricing:

Pay-as-you-go

Veryfi

San Francisco, California, USA

Multi-modal OCR APIs with fraud prevention and 99.995% uptime

0.0M monthly users

Usage-based model

Multi-currency

98% OCR accuracy

Full automation

Full API access

Batch processing

Pricing:

Pay-as-you-go

Why Choose Elektroluma?

AI-powered automation + UK compliance + affordable pricing. The perfect alternative for UK small businesses.