Automated Data Extraction From Annual Reports
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).
Empowering Intelligent Work through Infrrd’s Improved IDP Platform
In keeping with our spirit of continuous learning and improvement, we made some great upgrades to our IDP platform over the summer. As you know, Infrrd empowers our clients with solutions for intelligent work that take advantage of end-to-end process automation, a critical part of which is automated data extraction. Our intelligent document processing (IDP) platform leverages a machine learning (ML) model that any user can use to create a powerful data extraction solution delivering efficiencies and cost savings far beyond the reach of standard optical character recognition (OCR) systems. Data extraction can get extremely messy and necessitates human-in-the-loop intervention to improve the efficiency of the algorithm, although ensuring 100% accuracy can be a challenge. Our improved Audit feature addresses this aspect by making it easier for users to extract and review corrected data. Read the complete article
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