Enhance business process efficiency with Intelligent document processing
Businesses generate and process an unprecedented volume of documents every day. From invoices, and receipts to contracts and legal documents, the sheer amount of paperwork can be overwhelming for even the most organized of businesses. The time and resources required to manually process these documents can be a significant drain on a company’s productivity and […]
Cognitive AI to Advance IDP in the P&C Industry
Did you know that 80% of all business data is embedded in unstructured formats such as business documents, emails, images and PDF documents? Today, data has become a valuable commodity in the modern business world, but the sheer amount of unstructured information which is difficult to process, makes it challenging for this data to turn […]
How IDP in P&C industry can improve customer experience
Automation has been playing a disruptive role in every industry. Among these cutting-edge technologies, Intelligent Document Processing (IDP) has emerged as a trend for the insurance industry, which is one of the largest adopters with a presence of approximately 13% of the IDP market. Subsequently, thoroughly understanding IDP becomes crucial for companies to explore its […]
Minimize Risks and Maximize Returns with Automation.
‘A Dream Home’, one’s lifetime ambition is most often fueled by mortgage companies. Lenders ensure all checks and balances are done when processing documents, enabling the home seekers to inch closer to their dream. The US mortgage industry is under the constant influence of macroeconomic parameters viz. interest rates, inflation, economic policies, and geopolitical stability. […]
Democratized Automation- the key to mortgage efficiency.
“Things get done only if the data we gather can inform and inspire those in a position to make [a] difference.” – Mike Schmoker, Education Writer, Speaker. Data is the fuel that powers businesses to make informed decisions, but the critical question remains, “Is the data relevant?” For Data to be relevant, enterprises need solutions […]
Template-free Document Processing to Streamline Operations.
“Liberty, when it begins to take root, is a plant of rapid growth.” – George Washington. The same can be said about data these days. Today businesses have to transform with changes in the market dynamically and thus cannot afford to spend time extracting data and insights from unstructured bulk documents. Freedom from manual and […]
DocVu.AI features in Everest Group Intelligent Document Processing Products PEAK Matrix® 2022
DocVu.AI has achieved a notable accomplishment of featuring in the Everest Group’s IDP PEAK Matrix® Assessment as 1 of 5 Aspirants for 2022. Challenging the industry standards for speed and accuracy in data extraction and indexing by leveraging the power of true AI/ML, DocVu.AI’s vision and capabilities have set it to move further in the […]
DocVu.AI efficiently reduces fraudulent insurance claims losses
Insurance we have a problem – Fraud detection 18 percent of all claims in insurance are fraud. 40 percent of insurers polled said their technology budgets for 2019 will be larger, with predictive modeling and link or social network analysis the two most likely types of programs considered for investment. About 90 percent of respondents […]
Optimize costs through Noise elimination
According to a recent McKinsey report, automating document processing with IDP has the potential to save organizations up to 90% in operational costs. IDP solutions provide greater accuracy through advanced machine technologies built over deep human expertise. With consistently better accuracies through an IDP solution, a mortgage lender can utilize the manpower for more important […]
Scale up your mortgage processing with higher quality checks through digital post close QC
Post-closing quality control process needs to be elaborate to ensure that the hundreds of pages of information contained in the mortgage closing file are highly accurate. It has even grown in importance to overcome the record number of foreclosures in recent years. The post close QC checklist should meet CFPB and TRID, Fannie Mae, Freddie […]