Infrrd AI Enabled Intelligent Document Processing for Complex Documents

  Rules-Based Data Transformation with Intelligent Document Processing by  Sujith Parakkunnath , on September 6, 2022 9:00:00 AM PDT Document rules (also known as business rules) are the icing on the cake for an Intelligent Document Processing (IDP) solution. You can enjoy a delicious cake even without the icing but a baker can transform a simple cake into a multi-layered piece of art with the addition of this sweet, adaptable medium. It is his playground to be creative and make the cake unique. Similarly, an IDP solution can offer you good extraction results but if you want to customize or transform the extracted data to your process needs, you need document rules. What is data transformation? Data transformation is the process of transforming raw data into a clean, consumable format. When processing documents, required data is extracted by an IDP solution, pre-processing logic needs to be applied to ensure the output data is in a standard format and ready to be consumed by y...

  Although businesses across various industries have benefited from automation technologies such as robotic process automation (RPA), low-code platforms and chatbots, most are yet to explore the opportunity to automate their end-to-end business processes with powerful AI- and machine learning (ML)-powered tools. RPA, chatbots and low-code platforms are a great start to help cut manual costs, reduce process times and improve customer experience but as business processes get increasingly complex, these technologies fall short of reaping higher efficiencies. They can help you get small wins quickly but when you try increasing the level of automation you can achieve, you hit a wall because of their limitations. The reason these technologies can fall short when handling complex processes is because most businesses need these types of tools to handle unstructured data of some sort. A few examples include: •  A customer uploads an expense receipt to its chatbot but it does not know h...

  Choosing a new technology partner is like making a move in a chess match. A wrong move from your end gives your opponent a competitive edge. While automation is inevitable in today’s world, picking the wrong partner for automating business processes can be a detrimental move for your business. In our recent conversations, we have seen many companies choose Infrrd once they have become frustrated with their vendors after the first year of partnership. This is not about bragging but rather a true statement based on feedback from these new clients. We tried to understand why this happened and assumed it was due to a lack of effort invested in the evaluation of very critical aspects of the platform. This resulted in choosing an IDP partner that could deliver short-term benefits without the vision of how their solution would perform in the long term. How can companies make an informed decision when choosing an Intelligent Document Processing (IDP) partner and avoid wasted efforts whil...