FormX Invoice OCR API vs Invofox
FormX Invoice OCR API
formx.ai
Invofox
invofox.comSide by side
| Figure | FormX Invoice OCR API | Invofox |
|---|---|---|
| Price from | $299/mo | $500/mo |
| Free plan | — | Yes |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 3 | 4 |
| Spec score · Invoice Processing Software | 8.0 (#13) | 8.8 (#4) |
| Headquarters | Stockport, United Kingdom | Madrid, Spain |
| Integrations | The product page names SAP S/4HANA, SAP Business One, Oracle NetSuite, QuickBooks Online and Desktop, Microsoft Dynamics 365, and other ERP systems as integration options. | The Zapier integration can route extracted data to more than 9,000 apps, including workflows with Google Drive and Google Sheets. |
| Intended users | The product page describes the API as an enterprise integration product for automating invoice processing into finance, accounting, and ERP systems. | The site describes use across fintechs, marketplaces, logistics operations, accounting platforms, and enterprises. |
| Plan limit | The pricing page says the Starter plan includes 3,000 pages per month per extractor, with additional pages priced at $0.1 each. | The pricing page describes Enterprise for workflows beyond 250,000 pages per month and says its SLA tier is available on plans processing 1M+ pages per year. |
| Support | The pricing page lists Community Forum Support for Starter and onboarding support plus a dedicated account manager for Enterprise. | The Free plan includes community support, Starter includes email support, and Scale includes priority support and a dedicated account manager. |
| What it does | FormX extracts structured invoice data through a REST API and returns JSON or Excel output for use in business systems. | Invofox is a B2B SaaS service that digitizes documents and returns extracted structured data. |
Plans
FormX Invoice OCR API
- Pay-as-you-go$0.30, paid once
- Starter$299 a month
- EnterprisePriced on request
Invofox
- FreeFree
- Starter$500 a month
- EnterprisePriced on request
- ScalePriced on request
In their own words
FormX Invoice OCR API
FormX Invoice OCR API extracts structured invoice information through a REST API for finance, accounting, and ERP systems. It can return vendor details, invoice numbers, dates, line items, subtotals, tax, grand totals, currencies, and payment terms. FormX says it combines OCR, machine learning, and large language models, and handles varied invoice layouts without templates. ZUGFeRD and Factur-X support covers visible PDF data and embedded XML. Results can be downloaded as Excel, CSV, or JSON, or delivered through API responses, webhooks, and batch processing. SDKs are listed for Python, Node.js, Java, and.NET. Named integrations include SAP S/4HANA, SAP Business One, Oracle NetSuite, QuickBooks, and Microsoft Dynamics 365. Customers can customize or train extractors, with training from one sample image. FormX says API uploads are held in memory and discarded after extraction, encrypted with HTTPS, and not used to optimize models unless requested. Plans include pay-as-you-go at $0.30, paid once, Starter at $299 a month, and custom-priced Enterprise.
Invofox
Invofox extracts structured information from PDFs, images, and scanned files, returning JSON through an API. Its pipeline handles OCR, document splitting and classification, field extraction, schema mapping, validation, and webhook delivery. Custom schemas let teams map extracted fields to their own data models. Invofox reports 99.2% document extraction accuracy and says reported mistakes are automatically credited back. Zapier can route extracted data to more than 9,000 apps, including Google Drive and Google Sheets. Invofox states that it complies with SOC 2 Type II, ISO 27001, GDPR, and HIPAA, and encrypts data in transit with TLS 1.3 and at rest with AES-256. Cloud is the default deployment. Zero retention is an opt-in for Scale and Enterprise, while on-premise deployment is reserved for Enterprise. The Free plan covers 500 pages and includes pre-trained models for invoices, receipts, utility bills, tickets, and payslips. Starter costs $500 a month, billed annually, for up to 5,000 pages per month. Scale and Enterprise have custom pricing.