Increase Productivity by 317% with Machine Learning to Process Loan Approval How many technologies do you use every day to do your job? Three? Five?
Here’s How Machine Learning Predicts Future Risks 5X Faster Than Humans What if you could complete underwriting process for insurance or loan applications at five times the usual speed? Well, believe it or not, it is possible! Yet most people haven’t realized how to do it. And it does not require any coding to set
How to Work Less and Get 2X Worth of ROI with Artificial Intelligence (AI) How much time does a staff actually spend, you know … doing manual tasks? This is a question I often ask myself while managing busy teams. And the answer is somewhat disappointing — the staff spends less time in the field than
3 reasons why Cognitive Automation is better than Rules-based automation When you want to automate parts of your business, you are bound to come across the terms ‘rule-based automation’ and ‘cognitive automation’. However, do you know the difference between them? What is cognitive automation? Cognitive automation is a type of software that brings intelligence to
5 Easy Hacks to Improve OCR Accuracy Today, OCR technology is widely known. Since companies started implementing the technology, current workflows and business processes changed significantly. Increasing the accuracy of OCR is not immediately due or in the process of achieving it, but you can certainly try to develop your own implementation to achieve better
3 Reasons Why Intelligent Document Processing Makes Your Insurance Company Productive The more customers that are going to get upset by inefficiency, the more important productivity becomes. It can seem like there aren’t enough hours in the day, but laying a foundation of best-practice productivity systems is the way forward. Many insurance companies face similar
Banks are struggling to identify the technology that best suits their needs and are keen to get the most out of their investments. KYC automation with Artificial Intelligence (AI) addresses all of the above factors and disrupts the traditional KYC process and the state of the art in the banking industry. AI helps banks automating
Is Robotics Process Automation Better Than Workflow Automation? Here are Some Facts. Today’s businesses are exposed to many possibilities. One of the most exciting topics, automation, has emerged as one of the most talked-about in 2021. Rather than spending 85% of their time solving repetitive tasks, it is time for businesses to realize how close
Finance Managers and Accountants – go home on time without worrying about paperwork Accounting and financial process management are two of the toughest professional areas in terms of job pressure and work-related stress. Keeping up with the ever-flowing stream of data and numbers leaves even the best accountants tired and dreary. Why? This is because
Order booking can be made simpler with automation. Customers are no longer required to follow a particular boring protocol.
Good riddance to paperwork. Remove 80% of eyeballing documents with Intelligent Document Processing Do you love your job, but hate the paperwork in a logistics company? So do we! In this post, we will go into how you can use Gleematic to minimize paperwork while conveniently capturing valuable details for future use with Intelligent Document
Differences Between Structured, Semi-Structured, and Unstructured Data Datasets are exploding at an ever-accelerating rate, so collecting and analyzing data to maximum effect is crucial. Companies and businesses focus a lot on data collection in order to make sure they can get valuable insights out of it. Understanding information structure could be a key to opening
How to Manage Packing List in Less Than 1 Hour Picture this: it’s the end of the month, and some poor soul at your company needs to put together the packing list for each order. He or she embarks on this mind-numbing journey by logging into any management system you use, copying the key data
How to Cut Insurance Claims Processing Time in Half with Cognitive Automation In this fast-paced era, we’re always looking for ways we can save time and gain even just a few minutes back in our day. Am I right, or am I right? A great tool to help us get some time back is automation,
Differences Between Traditional OCR and AI How does it help you recognize letters and convert them into an electronic document? You don’t need to include much advanced computer science in the OCR process, but Gleematic, which allows you to easily convert images into automated data extraction. What is Traditional OCR? In recent years, invoices and documents
The Use of Intelligent Document Extraction for Banks The banking and financial sector archives and stores large volumes of documents, and with the advances of digital technology, companies have opened up ways to make these documents more efficient. Traditionally, companies have edited documents manually, but advances in digital technologies have opened up a new window
AI-based services such as OCR and NLP are found in the IDP software, combined with the ability to automate the processing of PDF documents.
Why Robotics Process Automation (RPA) Projects Often Fail and How to Be Successful Demand and popularity of Robotics Process Automation (RPA) is increasing with time. However, letting armies of robots move into the corporate ecosystems is not so straightforward as many people may think. Why do so many RPA projects fail and what can you
How Intelligent Automation Helps COVID-19 Vaccine Administration It is no surprise that the COVID-19 vaccine distribution is one of the biggest health system challenges in 2021. Health systems will need to efficiently identify and engage eligible patients using state or federal vaccination criteria, route patients to appropriate vaccination sites, manage capacity constraints and ensure effective
Robotics Process Automation (RPA) enables project managers to complete tasks that are usually time consuming.
Sales Automation Using Intelligent Document Extraction Today, companies are aware that traditional approaches to the ordering process have led to a reduction in productivity and return rates for customers. Fortunately, AI brings Intelligent Document Extraction (IDE) software to solve problems in sales departments. Intelligent Document Extraction is not only relevant and trendy but also becomes
Most Frequently Asked Questions about OCR What Is OCR? OCR (Optical Character Recognition) is a technology that allows you to scan text and convert it into an editable document. When you scan a document, you get only one image file, and most computer programs cannot recognize letters. This way you cannot edit the text, browse
How to Use Artificial Intelligence Solutions for Human Resources? Given the potential for innovation that we have in mind, it is easy to see why companies around the world are beginning to take note of AI’s commercial capabilities. AI has proven useful in business operations for a number of reasons, but no more than the
Intelligent Document Extraction for Finance and Accounting Department The most difficult part of data extraction is that documents (e.g. supplier invoices) have different formats. Each department uses different types of documents to process documents in the email inboxes of the Finance and Legal departments. Those of you in the back office who spent hours sifting
OCR and Intelligent Data Extraction Guide for Beginners Have you ever thought about what a robot could do if it had to extract thousands of documents every day? How do you imagine software robots that help people automate operational activities? Let’s see how OCR and intelligent document extraction can increase operational efficiency. What is OCR?
Facilitating a Safe Workplace During COVID-19 with Cognitive Automation Welcome to the year 2021, where we embark with new hopes that this year would be a much better year than the previous – especially after what we have gone through in 2020. The Coronavirus Disease 2019 (COVID-19) arose in late 2019 and its presence has
Testing software? Automate and Predict to Make Things 3X Faster When it comes to streamlining the testing software processes, speed is everything. With so many great tools in the marketplace, it’s important that you find the software that integrates with your existing tech stack. That’s why automation and predictive analysis exist to help you automate software testing without
Automation in Finance: Extracting Data From Invoices With AI (No Coding!) Processing documents, especially invoices, is the most common task to perform in the finance department. Digitizing the documents by moving the data from physical papers to the system has been mostly done manually, which is so time-consuming and error-prone. The question is to do
Removing Watermark + Extract Data From Documents Easily With AI! (No Coding) Extracting data will be difficult and close to impossible if there is a watermark on the document. Watermarks make it difficult for machines to read or see the data. It is time-consuming to extract the data manually, and might be prone to errors.
Extracting Data From Receipts With A.I (No Coding!) Do you receive receipts often and have to manually extract and key in the data from them? Find it too time consuming? Easy to make mistakes? Try Gleematic! It can help you extract data 3-5 times faster with almost no errors! By using OCR, Gleematic can ‘read’ the
Extract Contract Terms With A.I (No Coding) Does your job require you to extract terms from contract manually often? This process can be time consuming and sometimes prone to human errors. Gleematic can recognize key-terms on a contract document and extract them all into a spreadsheet or even enter into a system. This case will
Extracting Data From Passports With A.I (No Coding!) Do you need to extract data manually from passports for your work processes? This is time consuming and prone to human errors. Imagine being able to do it 3-5 times faster while also saving costs. Try using Gleematic! Gleematic is an cognitive automation software that combines artificial
Extract Data From ID Card With A.I (No Coding!) Do you need to manually extract data from ID cards for your job? It is time consuming, imagine doing that almost instantly, allowing you to focus on more value added tasks! Try Gleematic. Gleematic is a cognitive automation software that combines artificial intelligence with robotic process
2 Examples of Automation in Finance Are you spending plenty of time on finance processes? Consolidating the cash book balance monthly and never seems to match with the bank balance? Having to manually check every single invoice your company receives? Did you know that you can make use of automation in finance? Try using our
Accounts Payable Automation Using Intelligent Document Extraction Financial documents are crucial for business processes, as they play an important role in tracking transactions and accounts. Documents pile up to be processed, and manual work is not an option as it has drawbacks due to staff fatigue that can lead to data errors. Companies would need
Will Robots Replace Humans in Civil Service? According to research, about 40% of 4.2 million people employed in Civil Service mainly rely on manual processes to perform administrative tasks. These administrative tasks involve documentation activities such as storing and organizing files, proofreading legal documents, generating official letter of issuance for governmental tasks, and many other
Automating Processes in Education With education being so fundamental, schools are filled with students eager to learn. But with such a large number of students, there is bound to be loads of administrative work to be done. From admission to lessons to graduation, every step of a student’s journey requires some form of administrative work.
Automation of Tasks in Shipping When it comes to shipping, plenty of processes have been automated with machines to help with business operations. But what about other tasks like administration that is still being done by human staff? As a cognitive automation software, Gleematic can help you easily. This is how Gleematic can help you
Using Automation in Retail Retail requires many processes, from front end to back end, including administration tasks. Administration tasks are repetitive tasks, which can take up a lot of time. When using automation in retail, these tasks can be done quickly, allowing your employees to focus on more important processes like front end and back
Using Automation in HR With so many different type of functions in Human Resource, manual data entry is no exception. These administrative tasks takes up your employees’ time everyday, leaving them with no time for other tasks. You can cut down the time spent on these processes by using automation in HR. Gleematic can work
How Can RPA Help You? What is RPA? Robotics Process Automation (RPA) refers to software applications (often called robots or bots) that replicate actions or tasks like humans, making them the ideal application for automating repetitive manual tasks. RPA is a game changer for businesses, as they can minimize the need for human labor in
Using Automation in Finance Do you find yourself spending a lot of time on finance processes? Consolidating the cash book balance every month just to find out that it does not match with the bank balance? Having to check every single invoice your company receives? Do you know that you can make use of automation
Making Use of Automation in Healthcare With the ongoing COVID-19 pandemic, I am sure that healthcare providers/services are dealing with an overwhelming amount of workload. With the need to conduct so many COVID-19 tests everyday and generating reports for updating the numbers, there will sure be a lack of manpower. You and your staff will
Want your RPA Automation project to be successful? Ask these 10 Questions to your vendor. There’s nothing more frustrating than deciding the right AI/RPA vendor you wanna deal with — before realizing you also need approvals from the decision-makers. It’s going to take much longer to get the deal done than you’d anticipated. Unfortunately, this
Pros of Robotic Process Automation We often use the term Robotic process automation (RPA) in the information technology industry as it guarantees a better way to do business. Companies that cannot streamline their processes need to invest time and resources to complete repetitive and basic tasks. This leads to additional total expenses and reduces the
Using Text Classification for Internal Auditing When doing internal auditing, the most important thing is to ensure that accounting entries are classified to the right chart of accounts. However, when you have different accountants, they all will have different interpretations when doing auditing. Not all of your accountants may have the same way of interpreting
Using Image Recognition To Do Due Diligence On Documents Whenever we receive documents, we will always carry out due diligence to make sure that the document is authentic. We will check the logos and contents of the documents in order to verify it. However, this manual process may take up time and be prone to
Using Natural Language Processing to Match Invoice Lines 3-way matching is a essential and important step for every business when they are doing accounting. The process can be tedious. However, you can use natural language processing to help you match your invoice lines. What is Natural Language Processing? Natural language processing (NLP) is a branch
Using Text Classification in Accounting? Ever wonder how you can apply text classification in accounting? Recently, when I was doing accounting for my company, I realised that I have to do judgement in order to classify the accounting entries. I will have to classify them to the right chart of accounts based on their description.
How Technology In HR Helps You To Save Time According to a new study, human resources professionals like you need more time for their staff than ever before. There is a big difference between human resources (HR) and human capital management (HCM) in today’s world. Perhaps your aim should not be to do everything, but
Making Use of Automation in Insurance Being in the insurance industry, I am sure that you are spending significant time on repetitive tasks. When integrating insurance with automation, you could complete these low-value tasks 5 times faster than usual, magically having more time to complete those important tasks on your to-do list that you have
Impact of Automation on White-Collar Jobs Technology is ever-changing and Artificial Intelligence (AI) is booming now. This could be seen as a threat to white-collar workers’ jobs as computers can mimic abilities of human brain such as learning and analysing. Therefore, jobs that require high education and highly skilled work are at risk, due to
How to overcome challenges in implementing Cognitive Automation Understanding the possible challenges from implementing Cognitive Automation, and how to overcome them is important to make projects a success. We’d like to discuss a few areas of concern below: 1. Employee Resistance Employees are the core of any organisation, and thus, employee resistance is a very
Progressing to Automation with Artificial Intelligence Just as industrial robots in factories have helped to triggered periods of high efficiency, Robot Process Automation (RPA) has changed the landscape of work. RPA started to gain traction with Finance sector in the past few years it has become more popular in other industry sectors. It was a
What You Need To Know About AI Software Artificial Intelligence (AI) has steadily entered enterprise applications and will continue to do so in the near future. Artificial Intelligence or A.I. software is in many processes to save time and money for the customer, simplifies their job, and helps workers to function more effectively and productively.
Things You’re Doing Every Day that Can Be Automated The main payoff for automation is that it will free us from repetitive task. This way, we can devote our time to activities that are more important. We will be making useful connections, coming up with new ideas rather than wasting time inputting data. Automating repetitive
How Automation Will Help Us Solve Payroll Problems Payroll is probably the foremost ubiquitous business function — everyone has to be be paid! It is also one of the largest business expenses, with wages equating to an average of more than 60 percent of total business costs. The function of a payroll system is simple:
Curious About How Artificial Intelligence Started? Here’s A Brief History. Remember the first time you saw an automatic door? Or, have you ever seen factory-line robots and business process automation on TV? With time, we have become more dependent on automated technology. Considering the drawbacks of manual processing and the increasing demands, finding a solution
What Makes Cognitive Document Automation So Intelligent? Compared to the past decade, the speed at which technology advances is relatively fast today. If the move from large-scale enterprise-based mainframe applications to flexible cloud-based applications took decades to stabilize, it hardly takes months to develop to bring on-board new technologies to improve the technological capabilities of
Challenges faced during Coronavirus situation The Coronavirus pandemic has positioned itself in history as the most devastating global crisis. The Sars-CoV-2 novel and COVID-19 related lung diseases will change our business, risk/crisis management strategies, and subsequent digitization and automation strategies. Companies today face their biggest challenges that are fueling future cost and investment pressures. Many
How Automation Is Changing the Function of Finance Advanced Artificial Intelligence (AI) innovations are changing the financial services industry. In particular, the financial sector has acknowledged AI’s economic benefits over the past few years. These include extracting new insights from existing data. For example, to automate credit decisions and enhance financial risk management, automating business
Work From Home With Automation During A Pandemic Many companies deploy their employees to work from home after the government limited the number of people in the office. This is consistent with the measures of social distancing in city-states as the government is increasing efforts to further curb the spread of COVID-19. We realize how
Maximizing Your Business with Automation The automation technology can deliver a great deal of value, like the intelligent devices used in our homes, to automate items like register control and food storage thermostats in your local business. There are four specific fields, in particular, in which small businesses can improve cost efficiency through automation: Remote
How Cognitive Automation Changed The World Intelligent Automation transforms the way people communicate, profit from innovation, and how businesses work. It helps companies build innovative products and services. Sophisticated machines learn cyclical changes from other connected computers, combined with a wider Internet of Things (IoT) ecosystem. The findings of our survey show that smart automation
Why Should Your Enterprise Use Cognitive Automation Cognitive automation is artificial intelligence (AI) capable of simulating human actions. Cognitive technology can automate continuous business activities and judgment-based activities. Specific AI systems are used to imitate the way the human brain works and can help complete tasks, make choices or accomplish goals through cognitive process automation.
Development of Automation In the Future Automation is enabled by a multi-pronged approach to technological advancement, including artificial intelligence development, robotics, sensors and cloud computing systems. In this area, views are deeply divided, with supporters and opponents across the spectrum. Many workers are fearful of the consequences of workplace automation. Employers fear that computers will
How Companies Can Survive From The Covid-19 Pandemic The ongoing global economic downturn is inevitable. Not all businesses, as has shown in the past, experience the same recession in the same way. For example, after the global financial crisis, luxury brands are growing more rapidly than mass appeal brands and has continued rising since 2010.
Gleematic can help to Prepare Training Data for Machine Learning Today, businesses are often searching for solutions that allow machine learning (ML) to prepare the data more quickly and accurately. So it is important to ensure that the data are clean, consistent and reliable before you venture into a machine learning model or any other
3X Faster Bill of Lading Processing with Automation The Bill of Lading (BL) is a document to show where goods came from, should be sent to, conditions under which the shipment will be transported to its final destination. Land, sea, and air are the means of transport to be stated in BLs. Incorrect bills of
Why do you need a control tower to monitor robots? For any software robot user, why do you need to look into a robot monitoring center? If you run data entry automation or check company data, you will definitely be notified if any of your robots stop functioning. You can send exception handling to the
Improve Work Efficiency With Automation Software We spend only 20 percent of the working day on essential tasks, while 80 percent is spent on low-value assignments. The art of productivity is hard to achieve, especially with so many distractions: junk mail, noise, meetings. There are many ways to boost the work’s quality. Automating activities frees
Impact of Automation in Human Resource Automation is rapidly shaping labour-force policies for human resource, increasing the scope for human resource research. Technology is changing conventional human resource roles such as recruiting, training, and profit management, and all these improvements need a strong human resource position to be implemented. Understanding and using the power of
How Automation Can Keep Your Business Growing According to data from DJS Research, the global services sector spends more than $5 trillion a year on repetitive activities, spending 69 days on administrative tasks annually. Constructing a productive organization needs resources, time, and energy. However, several routine activities can be automated with technical advances. For example,
Development of an Automation Technology Platform IT automation uses guidelines for the creation of an iterative process to replace the manual work in data and cloud implementations. Providing minimal administrative tasks to computers, systems, and applications. The application of IT automation involves individual actions, sequential sequences and the use of adaptive IT activities that are
Technological Innovations In The Hospitality Industry With people living side by side along with rapid technological advances, technology and digitalization growth have also entered the hospitality industry. Internet of Things (IoT), Artificial Intelligence (Artificial Intelligence), Machine Learning, and Automation are technological innovations that have not only revolutionized consumer experience but can also provide comfort from
How do you sort documents using image recognition or logo? In document recording, there are many times when you receive pdf documents from many different types of documents in pdf documents. And for humans, what they do is they will review page by page and then use a pdf editor to break pages and files
Using Cognitive Bots for the F&B (Food and Beverage) industry Recent news articles indicate that the ongoing COVID-19 outbreak has impacted Food and Beverage (F&B) industry, especially those operating restaurants in Singapore significantly. At the same time, popularity of online food and deliveries seems to be on the rise, as experienced by providers such as
Why is Gleematic Useful for Chinese companies? We are amid a digital revolution that is rapidly changing our society and economy. The impact will be wider than the Industrial Revolution. Automation, supported by artificial intelligence (AI) and machine learning (ML), has had a profound impact on our lives every day. Gleematic is one of the
Best Practices for Cognitive Automation Security Cognitive Automation is a sophisticated technology that streamlines and standardizes many process-oriented tasks. It has gained traction throughout the world and is now seen as a core component of digital transformation initiatives. When applied to the right process, these robots can significantly improve productivity, quality, accuracy of data and
Why is Gleematic important for banking Industry ? Automation is not new in the banking industry. We first saw automation using the first automatic teller machine (ATM) in 1969. Since then the ATM has opened the way for the banking industry to focus more on customer service and other banking needs. With the invention of
How Gleematic helps in monthly bank reconciliation Finance/ Accounting professionals typically do end-of-month bank reconciliation. It is a repeated scope which will also time consuming. Some companies transact with more than 1 bank and may have many (e.g. 10 or 15) bank accounts per bank. Finance staff will need to login into the online banking
Did you spend lots of time to classify your accounting entries? From our interactions with customers, we have realised that accountants spend a lot of time to classify accounting entries and assign them to the right accounting codes. Besides these, they also need to classify some of these entries to the right projects for reporting
Do you spend lots of time to do invoices entry and How can OCR and intelligence document extraction assist you? A common scene in Finance Departments: tables overflowing with paper, corridors filled with boxes of documents, and there is hardly any space to walk. Some of the staff may be busy looking at the paper sand
COVID – Traits for surviving the Novel Corona-Virus Outbreak The infamous Novel Corona-Virus (now officially named by W.H.O. as “COVID-19”) has been grabbing headlines the past few weeks. There is a lot of uncertainty as we don’t know the exact nature of the virus yet. We don’t know how long it will take for a
Artificial Intelligence and Rules-Based Automation for Vetting Resumes One of the biggest challenges that HR practitioners face today is finding suitable people to recruit. In the past, this task has proven to be challenging, in part because of inefficient manual tasks that hamper the recruitment process and the lack of access to the right details.
How cognitive automation works in extracting tables from PDF files Cognitive document automation uses a variety of functions such as natural language processing (NLP) and machine learning for clustering, classification, isolation, OCR, extraction, and (human language) interpretation of any kind of documents. Read About: 5 Easy Hacks to Improve OCR Accuracy Machine learning is a
How to use “Named Entity Recognition” to read unstructured emails and extract relevant data? According to Wikipedia, The term “named entity recognition” (NER) is a sub-field of Data Science / Natural Language Processing (which is a category of Artificial Intelligence), to locate and classify named entity mentioned in unstructured text into pre-defined categories such as
How to use intelligence document extraction to streamlines processes If you are services companies like banks or insurances, you will need to extract information from pdf files. This process is very common for Know your customer. Some of the pdf files are in the image, so you need to run an optical character recognition. Even
How to generate reports in a rush? As senior management, there are many demands on you. As you are the one with access to all the data. Some times, you are the one to review all the main reports. As a startup, senior management will need to generate the reports. However, reports, take up valuable
Difference between Attended and Unattended Robots There are two types of RPA robots: attended and unattended. Attended robots are those that must be triggered by a human in order to perform their task. Once triggered, they are then able to complete tasks up to a certain stage before human intervention is needed. Unattended bots, on
How to calculate pricing Robotic Process automation project For any Robotic process automation projects, there are a few components: Hardware, Software, Project Implementation, and Training For Project implementation, generally there the following areas: Business process analysis – to understand the process of the organization Business process redesign to enable automation The architecture of the modules
How to Choose the Best Automation Software for your Business We carry out technological developments in various fields, supporting industrial progress. In meeting market needs and demands, we need production effectiveness. To answer these needs, RPA (Robotic Process Automation) has been implemented lately by several large companies. We consider the concept of RPA a significant
Understanding What is Cognitive Automation We expect the global RPA market to reach USD 3.11 billion by 2025, according to a new study by Grand View Research, Inc. The artificial intelligence (AI) market which is a core part of cognitive automation is expected to exceed USD 191 Billion by 2024 at a CAGR of 37%.
Benefits of Robotic Process Automation (RPA) Robotic Process Automation (RPA) is increasing traction in recent years and has proved to improve the efficiency and productivity of companies significantly. Through our experience of implementing Gleematic RPA and talking to our users, we have distilled the benefits of using robotic process automation to meet the challenges of