Let’s get real – most of us HATE paperwork. But documents are also the foundation of how our business gets done, from contracts to records to paper applications. Extracting and processing information from these documents involves operationally intensive processes. Or to put it simply, it’s a pain. Let’s get to the numbers involved:
And the results? Unplanned delays, errors, wasted time and even financial implications when documents are processed poorly.
Introducing: Intelligent Document Processing
Intelligent Document Processing by Blox.ai leverages AI with programmable automation. And what can you do with it?
How It Works
The Blox.ai Intelligent Document Processing solution uses Natural Language Processing (NLP), Computer Vision (CV), Optical Character Recognition (OCR) and machine learning tools to identify, label, and extract relevant data from any input document.
The extracted information is mapped into a structured format while the AI configures a model which can be applied to all similar document types.
The structured data is then matched, qualified, and reconciled against specified guidelines, thresholds, or other documents based on business needs.
The output is pushed to downstream systems automatically.
Blox.ai’s AI-on-AI layer enables real-time selection of the most relevant algorithm for a particular use case from the model library, leading to a more robust solution that is capable of handling diverse scenarios and edge cases.
Where You Can Use Intelligent Document Processing
According to IDC, 43% of knowledge workers say that paper-based workflows make their daily tasks less efficient, costlier, and less productive. With Blox.ai, enterprises have seen:
Maximize human potential in your business with Blox.ai