Intelligent Document Processing
Maximize the value of RPA with intelligent process automation
What Is Intelligent Document Processing?
Intelligent document processing (IDP) leverages unassisted machine learning and AI to extract data across all types of documents as they enter your organization—making that data usable across your business. IDP streamlines manual processes and eliminates costly steps like document classification, manual data entry, and document analysis.
A critical part of intelligent process automation, IDP enhances robotic process automation (RPA) capabilities, helping you maintain control of information with more speed and accuracy, especially in mortgage processing, sales order processing, or invoice processing.
How Does Intelligent Document Processing Work?
Intelligent Data Capture
An intelligent document processing solution helps eliminate labor intensive, error prone, and time-consuming forms processing. By capturing forms as they arrive in your organization from a scanner, email or monitored folder, forms are automatically sorted based on patterns, appearances, and text into specific document classes for extraction.
Artificial Intelligence & Unassisted Machine Learning
An IDP solution relies on machine learning for fast setup of previously unseen forms as the system learns which document information to capture, getting smarter and better over time. And artificial intelligence is leveraged for data classification and categorization to ensure fast document processing across your organization.
Automatic Data Extraction and Routing
An IDP solution can reduce manual data entry between 60 to 90 percent by automatically extracting relevant data fields based on form type. Data can be extracted from machine printed forms or even barcodes. Route forms electronically with the ability to easily output images and data to the correct applications for processing.
Solve Critical Challenges with Intelligent Document Processing
Capture Documents as Soon as They Arrive
Automatically capture documents and data in an instant, no matter the source—scanner, PDF, email, watched folder, and more.
Quickly Identify and Organize Documents
Intelligent document classification mimics the way a human would identify documents to automatically separate invoices from supporting documents like POs, packing slips, and more.
Avoid Manual Data Entry Into Systems
Eliminate manual processing into your ECM, ERP, mortgage application, and loan origination system (LOS), including Mortgagebot® and Encompass®.
Faster Processing and Approval
Speed up approval times on invoices and other documents with electronic routing that gets the information needed to stakeholders in a timely manner.
Decrease Errors and Streamline Access
Reduce delays and errors in processing documents and ensure accuracy even with multiple locations accessing documents.
Meet Regulatory Compliance
Adhere to ongoing regulatory requirements and create greater transparency in storing and managing documents with compliance controls.
What Business Processes Benefit Most from Intelligent Document Processing?
Sales Order Processing
Intelligent Automation Makes Sense of All Data Types
Delivering on the promise of digital transformation with an intelligent automation platform requires the ability to harness both structured and unstructured data. But not all data is created the same. Together, RPA and IDP empower organizations with intelligent process automation that solves some of their biggest document processing challenges.
Structured data is organized, clearly defined, and searchable, but represents only about 20 percent of the data in each company. Robotic process automation (RPA) excels at structured or quantitative data automation.
More than 80 percent of all data within organizations is unstructured. Unstructured data is typically qualitative. It is difficult to interpret and analyze because it has no pre-defined structure.