izDOX AI platform transforms unstructured, semi-structured and structured PDFs, images with printed, handwritten data to meaningful information for quicker decision making using verification, analysis and predictions. Higher accuracy, template free solution and multi-lingual capabilities are the product USPs.
Problem Statement
In various domains like banking and finance, insurance, healthcare, manufacturing, logistics and across the departments like business operations, finance, sales and legal; there is large volume of multi-lingual documents being processed daily. Manual / semi-automated processing (verification, analysis etc.) of printed and handwritten digital documents in unstructured, semi-structured and structured formats through folders and emails is a high-touch, monotonous, repetitive and hence error prone task. Sample document types are forms, supporting documents including financial, healthcare and KYC documents.
Following are the challenges faced by operational teams of our clients who process variety of document types with large variations in formats in large volumes:
- Higher document processing cost
- Rework costs
- Stringent document processing SLAs
izDOX AI Platform: Solution Flow
Solution :
Cognitive Document Processing using Artificial Intelligence (AI)
Document processing cannot be done alone by use of Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR). izDOX AI platform uses machine learning (ML), neural networks, natural language processing (NLP) technologies and their combinations for handling (a) auto classification of documents (b) auto extraction of meaningful information (c) hundreds and thousands of variations in the formats (d) handwritten documents (e) multi-lingual documents and at the same time provide higher accuracy. Data verification or data analysis is also done to help quick business decision making.
izDOX AI Platform discovers document information for business insights with increased accuracy (80-98%), productivity (60+ %) and user experience (30+ % error reduction) for our global clients.
Information verification and analysis through izDOX AI platform
Human like intelligence
- 24×7 auto doc processing
- Handles format variations with high accuracy
- Auto learning to improve accuracy further
- Complements with RPA
Streamline Document Processing
- Auto start: Job Processing Engine
- Integration with Rules Engine, Internal & Third Party systems
- Downstream integration with systems like ERP, CRM, Workflow, RPA, Core System
Data Security
- Security and Compliance
- Role based access
- On-premise / private cloud deployment
- Protection of PII even if verification is to be outsourced
Benefits
izDOX Benefits
1
Minimize human intervation
Minimize human intervention through AI document automation to improve productivity (60-200%)
1
Covid-19 Struck World
In a Covid-19 struck world “Contact-less” becomes an indispensable part of our processes
1
Saving On Operational Costs
Saving on operational costs, especially when manual skilled labour is in short supply
1
Business Efficiency
Speed up your processes to improve business efficiency. Vast volumes of variety of information processed
1
Customer Experience
Make secured information searchable real time thereby enhancing customer experience
1
Simplify Verification
Simplify verification, compliance and process audits. Analysed data is used for quick business decisions
Are you ready for the next steps in your digital transformation journey?
Ask for Demo