Star Software

What Star Software does

Star Software provides software development and document management services. They reduce the manual data entry work by understanding complex documents through artificial intelligence and further automating it through RPA.

Name

Star Software

Legal name

Star Software

Website

https://starsoftware.co

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Star Software offers software development and document management services.

Ownership category

akta.pro rank

Product category

Intelligent Document Processing Software

NAICS

Software Publishers (513210), Software Publishers (51321), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC)

akta.pro secondary industries

Document Capture, Scanning, OCR/ICR & Intelligent Document Processing (IDP) (HDAEAGAD), OCR, ICR & Intelligent Document Processing (IDP) (BPAAAKAB), iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

Keywords

• Intelligent document processing
• AI-powered OCR automation
• Accounts payable automation
• Material test report automation
• Certificate of analysis processing

Headquarters

HQ city

Bhopal

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Document Automation Software: Star Software generates revenue through licensing its AI-powered document automation platform. The company offers solutions for AP automation, AR automation, MTR automation, COA automation, transcript processing, and other document-intensive workflows. Pricing appears to be based on document volume processed, with the company highlighting cost-per-invoice metrics ($2 per invoice vs $9-12 industry standard). The platform is offered as a cloud-based SaaS solution with API access and ERP integrations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Star Software sells an AI-powered Intelligent Document Processing (IDP) SaaS platform, branded Star Automation and grouped under an Invex suite, that ingests complex documents (invoices, purchase orders, receipts, Material Test Reports, Certificates of Analysis, transcripts, insurance and KYC forms) and uses OCR, machine learning, natural language processing, and RPA to automatically extract, validate, and route data into ERP/QMS/LIMS/MES systems. The platform targets manufacturers, steel and metal service centers, pharmaceutical and chemical firms, higher education institutions, insurance providers, and commercial lenders with document-heavy back-office workflows.

Product overview

Star Software offers a unified Intelligent Document Processing (IDP) platform called Star Automation (with an Invex platform module) that combines multiple specialized automation modules. The core platform provides AI-based OCR and deep learning document processing capabilities, while specialized modules address specific document types: AP Automation and Payment Automation for financial processing, AR Automation for receivables, MTR Automation for material test reports, COA Automation for certificates of analysis, BI for business intelligence, Document Management for storage, RPA for robotic process automation, SO/PO Automation for order processing, STRATIX/eSTELPLAN for ERP integration, Transcript Automation for education, Insurance Automation for insurance documents, KYC/Verification Automation for compliance, Commercial Lending Automation for lending, and Shipping Documents Automation for logistics. The platform processes documents like invoices, receipts, MTRs, COAs, transcripts, and insurance papers through capture, extraction, validation, and integration workflows, delivering 95-99% extraction accuracy and integrating with major ERP systems including SAP, Oracle, Microsoft Dynamics, NetSuite, Epicor, and Infor.

Differentiator

Problem solved

Functional benefit

Brands

• Invex: Payment automation and document processing platform offering AP automation, MTR automation, BI, document management, RPA, and SO/PO automation solutions.

Products and services

• Star Automation Platform AI-based OCR document processing platform that transforms workflows by automatically capturing, extracting, validating, and routing data from complex documents including invoices, receipts, insurance papers, MTRs, and COAs, with 95-99% extraction accuracy and integration with enterprise ERP/QMS/LIMS/MES systems. Built for enterprise back-office automation.
• AP Automation Accounts Payable automation solution that reduces invoice processing cost from $9-12 per invoice to $2 per invoice. Handles invoices from receipt through payment including PO matching, 2-way and 3-way matching, duplicate detection, and ERP integration for touchless processing. Targeted at finance/AP teams in mid-to-large enterprises.
• AR Automation Accounts Receivable automation solution that generates invoices faster after shipment, matches automatically with POs, BOLs, contracts, and quality documents, and validates pricing, freight, and quantity accuracy before dispatch to reduce payment delays and disputes. Targeted at AR and order-to-cash teams in manufacturing and distribution enterprises.
• MTR Automation Material Test Report automation for steel service centers and manufacturers. Automatically extracts chemical composition, mechanical properties, heat numbers, and traceability data from mill test reports, COAs, and inspection certificates with 95-99% accuracy. Supports EN 10204 compliance and integrates with ERP/MES/PLM systems.
• COA Automation Certificate of Analysis automation for pharmaceuticals, chemicals, food & beverage, and manufacturing. Extracts laboratory test results, quality parameters, batch numbers, and compliance information while validating against customer specifications. Supports FDA/GMP compliance and integrates with LIMS and QMS systems.
• Transcript Automation Automated transcript processing solution for higher education institutions that extracts, maps, and validates student transcript data into Student Information Systems like Banner, PeopleSoft, or Colleague, enabling faster transfer credit evaluation and enrollment processing. Targeted at university registrars and admissions offices.
• Insurance Automation Document automation solution for the insurance industry, processing FNOL (First Notice of Loss), driver's license, Accord forms, and other insurance-related documents with automated data extraction and validation. Targeted at claims operations teams at insurance carriers.
• KYC/Verification Automation Customer onboarding and verification automation solution for KYC compliance that processes identity documents, verification reports, and related documentation with automated extraction and validation. Targeted at compliance and onboarding teams in financial services and other regulated industries.
• Commercial Lending Automation Document automation solution for commercial lending operations that streamlines processing of loan applications, financial statements, credit documents, and compliance paperwork. Targeted at lending operations teams at banks and commercial lenders.

Quantifiable outcome

• Cost reduced to US$2 per invoice with Star Automation vs US$9-12 per invoice manual processing
• +6 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability9 records

Feature7 records

Partnerships

One partnership is on record.

• SAPcoreTechnology or IntegrationIntegration partnership enabling Star Software's document automation to populate SAP quality management modules, update batch records automatically, link certificates to material masters, and support supplier quality workflows for SAP customers.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• ABBYY: Global Intelligent Document Processing leader offering OCR, document capture, and AI-based extraction for invoices, forms, and complex enterprise documents. Directly competes with Star Software across AP automation and industrial document use cases.
• Rossum: AI-native IDP platform purpose-built for invoice and B2B document processing, serving AP automation customers with similar cloud-based extraction and ERP integration architecture.
• Hyperscience: AI-driven document processing platform for complex, unstructured enterprise documents including forms, claims, and applications. Shares similar deep-learning architecture and enterprise target customers.
• Infrrd: India-based AI IDP company processing complex industrial documents including invoices, MTRs, and certificates. Highly comparable in technology stack, geographic origin, and vertical focus on manufacturing/invoice automation.
• Nanonets: AI-powered document extraction platform focused on invoices, receipts, and enterprise documents. Shares similar OCR/ML capabilities and target customer profile in finance and operations teams.
• WorkFusion: AI-driven document automation platform with strong presence in financial services, banking, and enterprise document processing. Directly competes on AI document extraction and process automation.

Broad incumbents

• UiPath: Large enterprise RPA platform with embedded Document Understanding and AI-powered IDP capabilities. Overlaps with Star Software's RPA and document automation modules as part of a broader automation suite.
• Tungsten Automation (formerly Kofax): Established document capture and IDP vendor with deep enterprise penetration in AP automation, invoice processing, and similar document-intensive workflows. Competes head-on with Star Software's AP Automation module.
• Automation Anywhere: Major RPA platform with AI-powered document processing capabilities (IQ Bot). Overlaps with Star Software's RPA and document automation offerings in enterprise automation segments.

Emerging players

• Indico Data: IDP platform specializing in unstructured documents with focus on insurance, financial services, and lending workflows. Partially overlaps with Star Software's insurance, KYC, and commercial lending modules.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Star-Software-402505713207029
• LinkedInlinkedin.com/company/starsoftware-official

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Star Software