Invoice processing cost calculator — compare manual entry vs OCR software costs and find your breakeven point
Free calculator
Invoice processing cost calculator
Adjust the sliders to match your situation — see your annual cost of manual entry vs OCR software, and exactly when OCR pays for itself.
Monthly invoice volume 100
Hourly labour rate (USD) $20
Avg. minutes per invoice (manual) 3 min
Error rate (manual entry) 2%
OCR tool monthly cost (USD) $0 — free tier
Manual entry (annual)
OCR total cost (annual)
Breakeven
Assumptions: OCR review time = 45 seconds/invoice. Error correction cost = $53/error (IOFM benchmark).
Labour costs use your hourly rate above. All figures are estimates — adjust sliders to match your situation.
Ready to pick a tool? See our full invoice OCR software comparison →