XtractEdge 4.0, our Intelligent Document Processing platform, is a game changer when it comes to transforming data into insights.
Powered by Generative AI, the platform takes document processing to a whole new level of speed, accuracy, and efficiency.
XtractEdge 4.0 processes structured, unstructured and semi-structured data, from all kinds of documents, converting it into usable information. Its modular components facilitate fast deployment and empower both business and IT users to transform any document into data.
How does XtractEdge 4.0 work?
XtractEdge 4.0 is a modular platform. Its three different modules democratize document digitization and enable accelerated processing for faster value realization. Powered by Generative AI technology, the platform takes document processing to a whole new level of speed, accuracy, and efficiency.
Design Studio
This module provides a unified workbench where business users can configure AI models for document extraction. A generative AI-powered conversational interface provides the ability, to search and summarize information.
Document Processor
This easy to set up module offers an end-to-end document extraction pipeline. It can automate high volumes of documents, from ingestion to completion, catering to varied business use cases.
Operations Studio
This module streamlines operations for straight-through processing. Business users get a single pane view of document, third-party and internal data. The Studio’s case management capability provides a contextualized review experience, with documents being reviewed on a case-by-case basis.
Generative AI engine
The Generative AI engine enhances the data extraction model and expands use cases by increasing dataset diversity. With Generative AI, the platform can adapt to new or unseen document types more easily, and provide contextual and precise insights.
Capabilities that contextualize the experience
Third-party data integration
Conversational interface powered by generative AI
Single pane view of documents, third-party and internal data
Case management for case-by-case review
Low-code enabled customized interfaces
Human-in-the-loop capability for validation and updates
Performance monitoring dashboard to monitor key metrics
Auditability and traceability of all actions and updates
Why XtractEdge 4.0?
Solving any document problem
Highly accurate and effective extractions even while managing multiple and diverse variations
Contextualized experience
A contextualized review experience that enables comprehensive decision-making
Customized user interfaces
User centric interfaces make it easy to adapt and simple to use
Improved compliance
Auditability and traceability provide enhanced compliance and reduce errors
One platform for various needs
Caters to document-intensive processes across multiple industries
Cloud agnostic
It can be deployed on the public or private cloud making it easy to scale
Leading US financial services firm speeds up underwriting
Leading US financial services firm speeds up underwriting
Our client is a financial services company that provides clearing and settlement services. The company regularly determines eligibility and assesses risk for newly issued corporate debt securities before they can be traded in the marketplace. The client’s underwriting process involves reviewing multiple parameters in the issuer prospectus, which spans up to 600 pages, and supplemental documents that usually contain complex operational, financial, legal, and regulatory aspects represented in semi-structured and unstructured formats. It is imperative for our client to have a quick turnaround on determining eligibility and to ensure these securities and offerings meet the legal, regulatory, and operational requirements.
We implemented XtractEdge, our modular intelligent document processing platform, and developed a model to extract key attributes and elements in determining the eligibility of such offering documents. The platform streamlined the eligibility review process, improved operational efficiency, and significantly reduced underwriting turnaround time.
A leading US bank reduced KYC turnaround time from weeks to days
A leading US bank reduced KYC turnaround time from weeks to days
Our client, a leading global bank, wanted to standardize the Know Your Customer (KYC) process to handle growing volumes and bring speed and scale. The client faced many challenges, from a historic load of 25 million KYC documents to 70% of existing customers being due for a periodic refresh.
XtractEdge helped extract, process, and validate data hidden in KYC documents. The platform integrated seamlessly with the client KYC application, helping establish a data pipeline with supervised and unsupervised learning capabilities for document discovery.
Industry Recognition
Its intuitive user interface, advanced unstructured document processing capabilities including intelligent search and document comparison, domain specific pre-built models, and analytics and dashboarding capabilities have played a big role in establishing EdgeVerve as a market leader.
Vaibhav Bansal, Vice President, Everest Group
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