Odoo OCR: Exploring Features, Pricing, and the Best Alternative

When you try to manage bills and invoices, it might take up a lot of time and increase errors, especially when proceeding manually. This is where OCR tools offer a seamless way to convert scanned paper documents into editable and searchable format. The text recognition technology extracts key details and organizes them into a structured format.

One of the most innovative tools in this space is Odoo OCR, which simplifies document processing with AI to scan invoices effortlessly. This article will explore why it might be a game-changer for businesses since many users have questions regarding its AI invoice scanning capabilities. Meanwhile, we will also introduce a reliable AI OCR tool - UPDF, interested users can click the button below to give it a try for free, or read Part 4 to learn more. So, stay with us till the end to unlock actionable insights to optimize your workflow!

Part 1. What is Odoo OCR?

Odoo is a comprehensive business management platform that integrates various applications to streamline business operations. Among its advanced tools, the OCR feature stands out when it comes to document processing. OCR Odoo uses advanced AI to scan and extract data from documents such as bills or invoices. Its user-friendly interface also makes it a reliable tool for non-technical users.

This text recognition tool seamlessly integrates with its accounting and inventory modules, enabling users to process scanned documents directly into editable formats. It supports multiple languages and is designed to handle complex document layouts to ensure accurate data extraction. Users in different industries can opt for this tool to enhance their workflow by managing invoices in a digitized manner.

Part 2. Is Odoo OCR Accurate and Good to Use?

Now that we have investigated this tool's features, we conducted an Odoo OCR review to understand its overall performance. By analyzing its features, we were able to assess how well this tool addresses the needs of modern businesses and where it could improve. This section will help you decide if it's the right OCR tool for a smooth workflow.

On accessing "Accounting" tool, we chose "Invoices" in the respective tab and opened the "Create Via OCR" pop-up box. On the next screen, you will be able to upload the desired invoices on to this platform.

After the results are generated, we went through the "Response Preview" and "File Preview" tabs and pressed the "Create Record" button. This shifted us to a new window where we were able to make further edits. However, this tool only supports 2MB of file while converting them to OCR, which is a big limitation for users working with large documents or invoices.

Moving forward, we moved to the main invoice interface, where we had the option to "Delete" or Add "Notes" to our file for an enhanced invoice result. Other than that, we were given the choice to tap the "Cloud" icon to upload the file to drive. Like UPDF Cloud, this tool also have a cloud storage services to help you store OCR-converted files.

Odoo OCR has a complex interface, so users with technical knowledge will be able to create a new invoice. However, its integrated text recognition technology is excellent for recognizing complex files. As discussed, its noticeable drawbacks include its inability to process files larger than 2MB. Whenever you create a record, the AI invoice from OCR generates an entirely different result, making it unreliable.

As far as the digitization result is concerned, this tool was not able to recognize the correct currency while applying the OCR effect. Its lack of accuracy is also shown by its inability to extract all the invoice details while digitizing them. Thus, business professionals looking to make detailed digital copies of their paper receipts will find this tool in-effective.

While handling multiple invoices at a time, it will not be able to extract any information as we can see from the following results.

On the other hand, the Odoo OCR alternative, UPDF, gives you the ability to merge more than 100+ invoices in a single document and ask AI to extract data from them simultaneously - give it a try for free now.

Using UPDF AI's invoice extraction feature, users get to extract specific values or details from any invoice. As far as speed is concerned, the responses of UPDF AI are much quicker than those of Odoo OCR. All in all, we can say that Odoo's all-in-one business management platform lacks the convenience and accuracy offered by UPDF's dedicated AI-powered extraction capabilities.

User Reviews

In addition to the above discussion, we decided to look into the Odoo OCR review of their users after we had used the tool on our own. Their experiences will give us deeper insights into both the strengths and limitations of this tool.

Positive Reviews

1. Fletcher Thompson: "We've been using Odoo for a year and a half now with a small team principally for ERP/stock management and accounting. The tools are comprehensive and well-integrated. Easier initial setup and better integration than competitors like Zoho."
2. Catriona Mackenzie: "We're pretty happy with the service we have received from the ODOO team so far. We are about to get more help setting up PM, Planning and Accounting links so we are keeping our fingers crossed that this goes well."

Negative Reviews

1. Beat Roelli: "First I have to whitelist my wallet to send my tokens, then I was blocked for security reasons for 1 hour and now they say I cannot transfer more tokens, but I have to install mobile version to do so."
2. Balram: The Odoo platform is full of bugs, and the team seems unable to fix them. Support tickets go unanswered for days, and emails to the sales team after paying for the app are ignored.

Part 3. Is Odoo Free to Use?

Yes, Odoo does offer users unlimited access to its free apps plan, where you get to choose one apps from many options like eCommerce and Invoicing.. However, it comes with 2 pricing plans tailored to different user needs. The "Standard Plan" is priced at $9.10/user/ month, providing access to its core features, including OCR.

For more advanced requirements, the "Custom Plan" is available at $13.60/user/month, offering greater flexibility and enhanced functionality. These pricing options make this tool an attractive choice for businesses seeking an all-in-one solution at a competitive price. However, while it provides affordable access to multiple tools, its image-to-text recognition accuracy may not meet expectations. So, a better alternative solution is the UPDF AI OCR feature, which is more reliable.

Part 4. A More Advanced OCR Tool for Invoices, Bills, and Contracts Than Odoo

As we have seen, Odoo OCR lacks accuracy when it comes extracting details from an invoice. So, to improve the OCR-recognition process, we recommend you use UPDF, as it provides accurate OCR results and powerful document editing tools. With this PDF editor, users can perform text recognition in 38 languages with greater precision. It also ensures that your scanned documents are converted into flawless editable formats without losing formatting.

Discover how UPDF's OCR feature works and the benefits it brings to your document management workflow by watching this video. It will give you a detailed overview of UPDF's capabilities and show you how to get the most out of its OCR tools.

Apart from that, you can make use of its AI capabilities to extract specific details from the OCR-converted invoices and bills. With abilities like text modification, annotation, and management, this tool stands out as one-stop shop PDF editor. Surprisingly, it AI harnesses the power to summarize lengthy invoices and even translate them for better accessibility. This sets UPDF apart from Odoo OCR as it clearly outperforms it in multiple aspects.

Also Read: Invoice Parser >>

Conclusion

In essence, OCR Odoo is an effective solution for automating document processing, especially for business settings. However, those who seek greater accuracy can choose UPDF as a superior alternative. With advanced OCR technology and an intuitive interface, UPDF offers more than just text recognition; it's a complete document management tool. Thus, you should try UPDF today and experience a smarter way to manage your documents.