Best PDF Parser Software in 2024

In this article, we'll compare the top 5 best PDF parsers on the market in 2024 based on their accuracy, speed, pricing and overall functionality.

PDFs (Portable Document Format) have become the standard for document sharing and exchange in literally every organization now. In today's digital age, the ability to extract and process data from PDF files is a crucial requirement for many businesses. However, with the increasing demand for PDF parsing tools, the market has become flooded with various options, making it difficult to choose the best one.

What is a PDF parser?

A PDF parser, also known as a PDF scraper is an automation tool that extracts data from PDFs such as scanned documents, invoices, purchase orders, and bills of lading, among others.

PDF parsing tools are often integrated with other technologies such as optical character recognition (OCR), artificial intelligence (AI), natural language processing (NLP), and machine learning (ML).

The parsed data can be downloaded in different formats or further analyzed for advanced data processing.

Integrating a PDF parser in your business processes

Using PDF parsing software can bring numerous benefits to your business, including increased efficiency, accuracy, scalability, cost savings, and improved security.

• Minimal or zero manual interventions: manual processes such as extracting specific data from an invoice can be automated

• Improve data accuracy: manual copy-pasting increases the risk of errors which can lead to a loss in revenue. PDF parser reduces that risk and enhances data quality.

According to a report from Dun & Bradstreet, almost 20% of businesses have lost a customer due to using incomplete or inaccurate information about them.

• Seamless integration with other applications: The PDF scraper is easily integrated with your CRM, ERP or any other tools and data sent in real-time.

• Scalability: PDF parsers can handle large volumes of data which makes it easier to scale as your business grows.

The best PDF parsers

Whether you're looking for a simple solution for document automation or a robust tool for data extraction, these PDF parsers have you covered. We tried to be as objective as possible; if you feel like we missed something, please reach out to us.

So, without further ado, let's dive into the list of the best PDF parsers in 2024.

1. Parseur
2. Docparser
3. Nanonets
4. Docsumo

1. Parseur to parse PDFs from any industry with many different layouts

Parseur is a powerful PDF parser that provides a fast and easy way to extract information from PDF documents and turn it into structured data. The AI used in Parseur is advanced and can accurately recognize text even in complex and multilingual documents.

In addition to its powerful AI extraction capabilities, Parseur is also user-friendly and easy to use. The software provides a simple and intuitive interface that allows you to quickly list the data fields that you want the AI to extract.

Why choose Parseur

Since its inception, Parseur has expanded from an email parser to a robust AI parsing software with new and advanced features.

• Multi-template support and automatic layout detection
• Advanced table parsing
• Advanced Email parsing
• Native integration with Zapier, Make, Power Automate
• Data normalization (numbers, dates, names, addresses)
• Support all documents: PDF, Microsoft Word, Email, Spreadsheet, HTML, Text, RTF

AI capabilities

Parseur’s AI-driven features make it a powerful tool for automating data extraction, reducing manual effort, and increasing operational efficiency. Whether dealing with emails, PDFs, or other documents, Parseur's advanced AI capabilities provide a seamless and reliable solution for managing data.

A benchmark made at Parseur in June 2024, concluded that on average a customer of Parseur document processing tool saves about 150 hours of manual data entry and about $6,413 every month. - Parseur statistics, June 2024

Pricing

Parseur offers a free plan with all the features included. We have a "pay-as-you-grow plan". Compared to other PDF parsers, our pricing plans are simple and 4x cheaper on average.

The team as Parseur.com are super responsive with humans the other end to make it a success. Its a brilliant tool. - Ed Brown Co-founder Zedible.io

2. Docparser for parsing documents with the same layout

The document parsing software offers different templates such as invoices, bank statements or bills of lading which are parsed automatically. Docparser uses Zonal OCR and customizable rules to extract data from documents; but, you'll need to create custom parsing rules to match your specific needs.

Cons:

• It takes time to understand how the parsing rules work especially if you are not tech-savvy.
• Docparser is not flexible enough in terms of customization. For example, documents with different formats and layouts will need to be split into their own inbox, which can be a bit tedious to set up if you have many different layouts.

Read more: Compare Docparser with Parseur

3. Nanonets for high volume invoices extraction in English

Nanonets is an AI platform that makes it easier for businesses to build and deploy custom image and document recognition models.

The platform provides a user-friendly interface that makes it easy to create and customize models, even for those without prior machine learning experience.

You can build your own extractor by training the AI model.

Cons:

• Limited features are available on the free plan. For example, you cannot extract table data.
• Data quality for parsing documents in languages other than English can vary.
• Training the custom model is time-consuming since a minimum of 10 annotated documents are required for the training. On top of that, on the free plan, you cannot create more than 5 labels (i.e. fields).
• Nanonets' pricing plans are quite expensive as they start at $499, which is $0.1/page.

Read more: Compare Nanonets with Parseur

4. Docsumo for ML specialists to train their own models on specific industry documents

Docsumo comes with pre-trained models for the following documents:

• Insurance certificated
• Tax certificates
• US Tax Returns

With its AI OCR engine, Docsumo can:

1. Split PDFs by pages
2. Categorize PDF files
3. Run validation checks and analysis

If you want to build a custom template, you can train the AI model. Docsumo provides four types of models:

1. ML with context
2. ML without context
3. Table ML
4. ML with context V2

Cons:

• Table parsing may not work properly on non-English documents.
• It is time-consuming to train the custom model as it needs to be trained on at least 20 PDFs. You'll need to understand all four models which require a learning curve if you are not familiar with ML techniques.
• Docsumo doesn't offer a free plan and their first plan starts at $500/month with limited features.

Read more: Compare Docsumo with Parseur.

In a nutshell, the best PDF parser comparison table

There are a wide range of powerful and effective PDF parsers available in 2024 that can help businesses automate their document processing tasks and streamline their workflows.

Depending on your requirements, you'll be able to choose the right PDF parser with the right technology to scale your business.

Last updated on August 28th, 2024