Lido

Coding & Development Data ExtractionFreemium

FreeStarting price

77KMonthly visits

31Popularity

About Lido

Lido is an innovative AI-powered Optical Character Recognition (OCR) tool designed to streamline the conversion of PDFs and financial documents into Excel spreadsheets. Specifically targeted at finance and operations teams, Lido simplifies the traditionally cumbersome process of manual data entry by automating the extraction of data from PDFs, thereby saving time and reducing errors. This tool is particularly beneficial for professionals seeking efficiency in handling large volumes of financial documents. Key Features: AI-Driven Data Extraction: Lido leverages advanced AI OCR technology to accurately extract data from both scanned and digital PDFs, ensuring high precision in data conversion. Customizable Data Rules: Users can set specific rules for data extraction, such as converting vendor names to specific formats, enhancing the tool’s flexibility to meet diverse needs. Table Extraction Capabilities: The tool can extract tabular data by allowing users to define the data area on a PDF page, which is then converted into a structured spreadsheet format. Automated Data Cleaning: Lido offers AI-driven data cleaning features, such as standardizing number formats and categorizing expenses, which helps maintain organized and error-free data.

Key features

AI-Driven Data Extraction
Customizable Data Rules
Table Extraction Capabilities
Automated Data Cleaning
High Accuracy in Data Conversion
User-Friendly Interface

Use cases

Finance Teams: Utilizing Lido for efficient processing of invoices, bank statements, and credit card statements.
Accounting Departments: Employing the tool to streamline data entry and reporting tasks.
Small Business Owners: Leveraging Lido to reduce the workload on accounts payable teams and improve operational efficiency.

Pros

AI-driven extraction from scanned, handwritten, and digital documents without templates or training
Supports a wide range of document types including invoices, receipts, bank statements, and purchase orders
Validates extracted data against internal systems for accuracy and downstream automation
Offers enterprise-grade security with SOC 2 Type II and HIPAA compliance
Provides interactive demos and free page conversions for quick time-to-value

Cons

Currently does not support mobile devices
Requires desktop access for full functionality and login

Lido videos

Frequently asked questions about Lido

What is Lido?

Lido is an AI-powered document processing platform that extracts structured data from documents such as PDFs, scans, images, and emails, converting it into Excel, Google Sheets, or CSV formats without requiring templates or manual data entry.

How does Lido extract data from documents?

Lido uses AI models to read and understand documents, identifying fields, tables, and values regardless of format or layout. Users upload a document, and Lido returns structured spreadsheet data in seconds without needing template setup or training.

What types of documents can Lido process?

Lido processes a wide range of document types, including invoices, receipts, bank statements, purchase orders, medical forms, bills of lading, and handwritten or scanned documents in any language.

Does Lido require any setup or training to use?

No, Lido does not require templates or manual training. It works across documents it hasn’t seen before, adapting to different layouts and formats automatically.

Is Lido secure and compliant with industry standards?

Yes, Lido is SOC 2 Type II compliant and HIPAA compliant, ensuring enterprise-grade security and data protection for sensitive documents.

Can Lido automate workflows beyond data extraction?

Yes, Lido can automate multi-step document workflows, including validating extracted data against internal systems, uploading to ERPs, populating forms, and triggering downstream processes based on extracted data.