Modern businesses have already realized that template-based OCR is outdated and requires too much time to set up and even maintain. Because they want to keep their business as efficient as possible, they have started looking into alternatives to this method of data capture.
The most advanced technology for data capture today is artificial intelligence. An AI-powered solution solves the issue of high costs and set up times. It is flexible, easily trainable, and customizable.
Many companies, including BPOs and SSCs, are adopting intelligent document processing (IDP) to increase operational efficiencies, savings, and customer satisfaction. Intelligent Document Processing enables companies to transfer document processing from a cost centre to a profit centre.
Rossum’s AI experts have come up with their own unique approach - cognitive data capture. Rossum mimics the way a human would approach extracting data from a document - Rossum sees documents the way a human brain does.
Because we understand that some companies might still be hesitant to transfer to another data capture method, we let a Data Entry Specialist doing manual data entry compete against an AI Associate who uses an AI-powered data entry solution. The results are huge!
Because of the pandemic, many companies had to change the way they do business. Even though most already made some adjustments, there are still challenges they have to face. Automated data capture gives an opportunity to improve efficiency for teams like accounts payable, procurement, and logistics.