Data integration plays a crucial part for a lot of work process in all companies, a lot of the times companies would need to deal with a large quantity and variations of documents to process. Therefore Intelligent Document Processing (IDP) can provide significant help in terms of improving work productivity and efficiency during data integration.
What is Intelligent Document Extraction?
Intelligent document extraction is a part of IDP. It helps companies process documents with technologies such as Machine Learning (ML), Robotic Process Automation (RPA) and Natural Language Processing (NLP) in extracting or storing data data as efficiently as possible.
However, a lot of times these data comes from documents that are unstructured or semi-structured, making it very difficult to manually collect data. With Intelligent document extraction, companies can easily read, extract and organise data from these kinds of documents.
Read more on Intelligent Document Processing: 3 Reasons Why Intelligent Document Processing Makes Your Insurance Company Productive
What are the benefits of Intelligent document extraction in data integration?
There are a few benefits when it comes to utilising Intelligent document extraction:
- Save time: Using Intelligent document extraction and other IDP procedure can help workers automate large volume of workload, resulting improvement in efficiency, more man-power hour saved.
- Save cost: Due to the decrease in required time and man-power to process such task, this will result in the reduction of labour costs and operational costs.
- Scalability: Intelligent Document Extraction can easily by implemented in multiple applications and systems, this can further improve work efficiency across companies.
- Ensure accuracy and quality: By incorporating Intelligent Document Extraction, this can eliminate human-made-errors while improving data quality and high accuracy.
How can Gleematic help with automated data extraction?
Gleematic AI Cognitive Automation have helped many companies across various industries with data extraction. Using our software, user can easily implement Intelligent Document Extraction without needed any coding knowledge. Our Gleematic bot already have the technologies such as OCR, multi-language NLP, Machine Learning etc. in order to intelligently extract data.
Datas can be automatically organised into designated file formats such as PDF or Excel Sheet. When there are inaccurate/inconsistent data, it will be flagged and human would be alerted to complete the final validation of the data. This means that Gleematic bot will not replace office workers but to help and empower them.
This demo video shows how Gleematic can extract data from 10 invoices with different templates. Each invoice has different positioning and formatting, it may be hard to extract data from using an extraction tool. But with Gleematic, everything is possible!
Check out more of our Gleematic AI use cases with Intelligent Document Processing:
Cognitive Automation for Purchase Order Reporting in Manufacturing
Cognitive Automation for Container Booking in Logistics
Written by: Reiko Anjani