TextMine
TextMine is an End-to-End (E2E) AI-powered tool primarily designed to analyze and organize business critical documents such as invoices, payslips, tender docume...
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What is TextMine?
TextMine is an AI-powered enterprise document data extraction platform that transforms unstructured textual data from business-critical documents into organized, actionable information. The platform automates data extraction, document categorization, and information retrieval, enabling organizations to process thousands of documents efficiently with unrivaled accuracy, transparency, and security.
The platform comprises three core components: Vault for extracting and verifying data from critical documents with audit trails, Legislate for searching, filtering, and exporting structured views as CSV or marked-up PDFs, and Agents for automating routine checks, pulling documents from third-party sources, and triggering workflows. TextMine supports PDF, Word, PowerPoint, Excel, and scanned documents, with explainable AI outputs traceable to specific document sections.
TextMine is designed for business users managing thousands of critical documents such as invoices, payslips, tender agreements, and contracts. It serves risk professionals in financial services, advisory, and procurement, as well as law firms, in-house legal teams, tech leaders embedding document extraction in products, and procurement/operations/finance teams. Industries include financial services (client onboarding, trade finance, lending), technology, financial crime, risk advisory, procurement, KYC operations, and contract intelligence.
Key features include enterprise-grade security with ISO27001:2022 certification, SAML Single Sign-On, role-based access controls, exportable audit logs, and availability as SaaS or in private AWS VPC. The platform reduces document review time by 85% (from hours to minutes), delivers 100% audit-ready outputs, and has zero third-party AI model dependencies. TextMine enables natural language question-asking about documents, contract summaries, and automated evidence collection from SEC filings and corporate documents.
TextMine pricing
Pricing model: Free
TextMine uses enterprise pricing with no free tier. Pricing is based on contract duration (12-month, 24-month, or 36-month) with upfront or installment payments. User-based pricing: $100,000 for 10 users. Page-based pricing: $100,000 for 500,000 pages. Additional users cost $10,000 each. Additional 500,000 pages cost $100,000. Enterprise pricing requires customized quote via [email protected]. Available as SaaS or in private AWS VPC. No activation fees or minimum time commitment beyond contract terms.
TextMine pros
- Reduces document review time by 85% from hours to minutes
- 100% audit-ready outputs with full traceability
- Zero third-party AI model dependencies - proprietary in-house models
- Explainable AI with outputs traceable to specific document sections
- ISO27001:2022 certified enterprise-grade security
- SAML Single Sign-On integration for enterprise access
- Role-based access controls with granular permissions
- Exportable audit logs for compliance requirements
- Available as SaaS or in private AWS VPC for data control
- Human-in-the-loop review capability for model outputs
- Supports PDF, Word, PowerPoint, Excel, and scanned documents
- Natural language question-asking about documents
- Automated document categorization and type detection
- Bulk export extracted data as CSV or marked-up PDFs
- Agents automate routine checks and trigger workflows
- Model confidence scores for output validation
- Model and data governance with evaluation metrics shared
- Connects to cloud storage: Dropbox, Google Drive, SharePoint, OneDrive
- Automates evidence collection from live SEC filings
- Empowers non-billable team members for metadata extraction
TextMine cons
- No free tier available - enterprise pricing only
- High cost: $100,000 for 10 users or 500,000 pages
- Additional users cost $10,000 each
- Additional 500,000 pages cost $100,000
- No public API integration mentioned
- No offline functionality - web browser required
- Limited multi-language support
- Pricing structure not clear to all users
- Minimum contract terms: 12, 24, or 36 months
- Only suitable for enterprises, not small businesses
Frequently asked questions about TextMine
Who is TextMine for?
TextMine is for business users who manage thousands of business-critical documents such as invoices, payslips, tender agreements, and contracts. It serves risk professionals in financial services, advisory, and procurement, law firms and in-house legal teams, tech leaders embedding document extraction capabilities, and procurement/operations/finance teams.
Does TextMine work on mobile?
TextMine is mobile-friendly and can be accessed from a web browser on any device, including smartphones and tablets.
Does TextMine have insurance?
TextMine is insured. Customers should get in touch with [email protected] if they have specific insurance questions or requirements.
What document types does TextMine support?
TextMine supports PDF, Word, PowerPoint, Excel files, and scanned documents. It handles contracts, invoices, NDAs, agreements, loan agreements, bills of lading, insurance documents, SEC filings, corporate documents, policies, and payslips.
Is TextMine's AI explainable?
Yes, TextMine's AI models are developed in-house, meaning outputs are explainable and traceable to specific parts of the document used to answer questions. The platform provides model confidence scores and supports human-in-the-loop review of model outputs.
What security certifications does TextMine have?
TextMine is ISO27001:2022 Certified and offers enterprise-grade security including SAML Single Sign-On, role-based access controls, and exportable audit logs.
Can TextMine be deployed in my private cloud?
Yes, TextMine is available as SaaS or can be deployed in your private AWS VPC for enterprises requiring the highest level of data control and security.
How much does TextMine reduce document review time?
TextMine is trusted to reduce document review time by 85%, transforming processes from hours to minutes. A Tier 1 Global Bank reduced 2-hour KYC reviews to 15 minutes using Vault and Agents.
Does TextMine use third-party AI models?
No, TextMine has zero third-party AI model dependencies. All AI models are developed in-house, which means the company can explain outputs and share evaluation metrics with Model Risk teams and AI Committees.
What cloud storage integrations does TextMine offer?
TextMine connects with Dropbox, Google Drive, SharePoint, and OneDrive for cloud storage integration, allowing users to connect to data sources or upload documents directly.