Ocrolus focuses on bank statements. Invofox gives lending teams one API for the whole document stack — validated JSON, 99.2% accuracy, pay only for correct pages.
Ocrolus is strong where it is focused: bank statements and income documents for lending. Teams look for an Ocrolus alternative when the rest of the loan file still needs handling — deeds, loan contracts, payslips, tax forms, utility bills. Invofox covers the whole file through one API, returning the same validated JSON whatever the document type. You keep one integration and one bill instead of a specialist plus whatever fills the gaps around it.
Lending runs on far more than bank statements. Invofox is the developer-first API for every document in your underwriting flow — validated data with accuracy in the contract.
| Capability | Invofox | Ocrolus |
|---|---|---|
| Built for | Software teams in lending — one API, structured JSON, clean output | Bank-statement analysis for lenders — strongest on cash-flow data |
| Document coverage | Every lending document — bank statements, pay stubs, tax forms, IDs, contracts and more | Focused on bank statements; other document types are on the API but perform poorly |
| Accuracy approach | 99.2% accuracy written into your SLA; pay only for correct pages | Claims 99%+ via human-in-the-loop review; no public accuracy SLA |
| Processing model | Fully automated AI with built-in validation — no manual review needed | Human-in-the-loop — low-confidence docs routed to review specialists |
| Processing time | Any document back in seconds, at full accuracy — no queue, no waiting | Many documents wait on human-in-the-loop review — significant added latency |
| Built-in validation | Cross-field business rules (totals, tax, dates) before delivery | Fraud & verification signals (Detect) tuned for the lending workflow |
| Async webhooks | Cloud-agnostic async API with standard HTTP webhooks | REST API + webhooks, scoped to lending workflows |
| Zero-retention mode | Process, deliver, hard-delete — no copies, backups, or logs | Documents retained for review, audit, and re-processing |
| On-prem / private cloud | Same API, deployed inside your perimeter | Cloud SaaS — on-prem / private cloud not publicly offered |
| Compliance | SOC 2 Type II, ISO 27001, GDPR | SOC 2, SOC 3, ISO 27001, PCI DSS, GDPR |
| Pricing | Transparent and usage-based — you only pay for pages we get right; any page with a mistake is free | Opaque, quote-only pricing |
Send a document, get back clean, schema-mapped JSON. No review queue to staff, no UI to train ops teams on — Invofox drops straight into your codebase.
Per-field accuracy targets are part of your SLA, validated against ground truth. If a page isn't extracted perfectly, you don't pay for it.
Every document where a mistake is reported through our API is automatically credited back. You never pay for an error.
Still have questions? Talk to us
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