"The Infrrd Guarantee is the industry's first and only 100% accuracy guarantee for Intelligent Document Processing
Automated Data Extraction From Annual Reports
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Does your firm run on data insights? Find out how an investment advisory firm automated data extraction from complex, unstructured financial reports using Intelligent Document Processing (IDP).
Infrrd’s IDC is a single platform that meets all the organizational needs of data capture from structured and unstructured sources to achieve business process automation to increase productivity and reduce costs. Infrrd saw an opportunity to use AI to improve existing data extraction processes and developed our advanced I ntelligent Data Capture (IDC) technology . IDC combines five AI technologies to deliver automation that can sense and synthesize vast amounts of information necessary to automate entire processes or workflows. The IDC platform not only eases data extraction but also addresses challenges of accuracy, time-management, and performance. The platform uses Machine Learning capabilities to identify and extract critical fields and line items such as date, vendor name, payment type, city, state, tax, and total, irrespective of any templates with high precision. Machine Learning also enables the platform to learn, adapt, and improve as you acquire more dat...
There’s tremendous value trapped in your unstructured data, complex documents, and images. Extracting it manually is slow, expensive, and doesn’t scale well. OCR has its performance limits and eventually hits a wall. How can you remove this bottleneck? This ebook is an executive guide to Intelligent Data Processing , a new AI-driven solution that can unlock the data you need to drive intelligent automation and improve business processes. Get an overview of IDP , explained in simple terms. Learn what it is, why it’s fundamentally different from OCR , and how it can be applied to remove bottlenecks in your business. Includes three examples of typical use cases . Get Your Free Copy here to know more : https://hubs.ly/H0n1Qfs0
The reality is that Banks exchange a lot of information with other companies that they have no control over. They get annual reports from customers, they need to validate payslips for processing loans and there is no global standard for that. A lot of time they need to process collateral documents which comes in thousands of variations from a growing list of hundreds of providers. This can be possibly due to the unprecedented challenges faced by banks: from in-branch applications for accounts to cheques, loans, monthly statements, and other services, much of their daily activities remains mired in paper and manual processes. Also, Most banks have switched to online applications where they control the entry of the data. The challenge is for the documents that come from other companies that they do not control But, what’s the problem with papers? In today’s fast-paced consumer culture, delays become a liability to any industry that provides customer service. Cheques and forms have ...
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