How Document AI Helped Process Documents at 90% Accuracy
Is your enterprise dealing with a lot of documents and unable to extract any Insights?
Is your team spending considerable time and effort in processing documents manually?
If yes, then read on.
One of our clients, a large US Bank and Financial Institution had to review and approve 25K+ loan application folders in a week. As they were available in varied formats:
Manual processing was challenging, time consuming and error-prone.
They were not able to capture any Insights
The bank decided to use an Intelligent Document Processing software. An AI Document Processing platform, like XtractEdge Platform, accelerated the banks capability to process loans at high accuracy.
One of the best AI document processing software, XtractEdge Platform leveraged Computer Vision, to extract Information, process a variety of documents in varied formats, validate and automate the loan approval process.
With XtractEdge Platform, the bank processed 100,000 loan application documents