Commercial Document Parsing APIs Compared: Specialized Parsers, General VLMs, and the Big Three Clouds
Three routes to commercial document parsing: specialized parsers (Cohere Parse at $1.50/k pages, LlamaParse Agentic Plus at 90.2% on ParseBench), Big Three cloud prebuilts (Azure/Google/AWS for structured field extraction), and general-purpose VLMs (Fable 5.1 scores 78.92 on ParseBench and crushes specialized parsers on charts, but costs 3–16× more and hallucinates). At 100K pages/month, plain OCR runs ~$150 across providers; add tables and AWS jumps to $1,500, Claude Sonnet 5 to $900. The first question isn't 'which is most accurate' — it's 'do you need transcription or comprehension?'