Document Understanding and e2e Intelligent Document Processing capabilities
We are often asked by our potential Clients what Document Understanding and e2e Intelligent Document Processing capabilities are in scope of digital transformation projects and why these capabilities are so crucial.
Before answering these questions, let's try to understand greater key definitions for Document Understanding and e2e Intelligent Document Processing, what the key automation capabilities included into each of the definition are, its applicability and automation benefits.
Document Understanding:
Document Understanding is an advanced automated algorithms that are built leveraging Artificial Intelligence (AI) models that are capable to classify the document by its type, locate, capture and recognize the required data from scanned or digitally generated documents, transform the captured data into the required and structured format for the further data processing with data verification / validation where appropriate.
Document Understanding is a very powerful capability under the scenario when Document Understanding functionality is incorporated into Integrated Intelligent Automated Platforms / Hyper-automation Solutions.
Using Document Understanding capability as a standalone module / engine in scope of digital transformation project does not create much automation value as many critical sub-processes which are related to the document processing are not covered by Document Understanding capabilities such as but not limited to: document uploading, parallel document processing, document workflow set up and management, document management capabilities, document on-line collaboration, document archive, document search, granular document access rights management capabilities, audit trail, reporting & analytics, etc.
e2e Intelligent Document Processing:
When we are talking about e2e Intelligent Document Processing it is rather more complete and holistic advanced automated algorithms that include Document Understanding capabilities as well as functionalities that are enabling to automate document processing from e2e perspective such as: document workflow set up and management, document management capabilities, document on-line collaboration, document archive, document search, granular document access rights management capabilities, audit trail, reporting & analytics.
Applicability for Document Understanding and e2e Intelligent Document Processing is very wide. Document Understanding and e2e Intelligent Document Processing capabilities are truly industry, function and process-agnostic and could be applied across different industries:
- Finance & Banking;
- Logistics & Supply Chain;
- Retail & Manufacturing;
- Healthcare & Pharmacy;
- Telecom & Technology;
- Energy & Utilities.
The scope of documents that could be covered by Document Understanding and e2e Intelligent Document Processing capabilities is relatively unlimited as well what enables to automate large number of document workflow related processes within the organization by deploying digital transformation across different functions.
Consequently, the value from leveraging Document Understanding and e2e Intelligent Document Processing capabilities in scope of digital transformation project is very substantial and automation benefits are inevitable that would come in form of tangible results such as but not limited to:
- >200% of operational efficiency gain;
- achieving 80-90% of human efforts automation;
- e2e processing time 2xFaster;
- >40% of operational cost reduction;
- 99% of errors and omission reduction;
- achieving automation from anywhere;
Willing to know more about e2e Intelligent Document Processing, please visit the following link - elDoc
Willing to download Brochure on Intelligent Integrated Platform for Document Understanding and e2e Document Workflow Automation, please click here - elDoc Brochure
About «elDoc»
«elDoc» - Intelligent Integrated Platform for Document Processing and Document Workflow Automation. «elDoc» - enterprise level solution for end-to-end document workflow automation and intelligent document processing. «elDoc» is powered with cognitive technologies to be capable to process intelligently documents (scanned and digitally generated) to capture the required data by converting semi-structured and unstructured data to structured format for further processing and end-to-end automation.
About «DMS Solutions»
DMS Solutions» is a technology company, a professional service provider delivering Intelligent Automation Solutions and is an authorized implementation partner of “elDoc” - Integrated Automated Platform for Intelligent Document Processing, Document Workflow Automation and File Management.
We leverage Computer Vision, Machine Learning, Artificial Intelligence to build a powerful digital workforce for your business to win on the market. We focus on exploring new ways to apply disruptive technologies and recent inventions to bring innovative automation solutions in. We break boundaries and help clients to achieve their strategic goals through delivering next-generation solutions.
Our Clients are high-performing enterprises coming from different industries: banking & financial services, insurance, logistics, healthcare, manufacturing & retail, government, real estate, transportation, oil & gas, energy, etc. We operate globally having HQ in Hong Kong.