Written by AI-based document processing platforms are software applications that use artificial intelligence (AI) algorithms to automate the processing of various types of documents, including invoices, contracts, legal documents, medical records, and more. These platforms can extract information from unstructured or semi-structured documents, recognize patterns, and analyze data to help organizations optimize their document-based workflows.
These platforms typically use a combination of machine learning, natural language processing, computer vision, and other AI techniques to extract relevant data from documents, classify and categorize documents, and automate data entry and processing tasks. They can help organizations reduce manual data entry errors, improve data accuracy and consistency, and speed up document processing times.
Some examples of AI-based document processing platforms include ABBYY FlexiCapture, DocuSign Analyzer, Kofax TotalAgility, and UiPath Document Understanding.
Top 5 AI-Based Document Processing Platforms
There are several AI-based document processing platforms available in the market, each with its own strengths and capabilities. Here are some of the best AI-based document processing platforms:
1. Docparser
Docparser is an AI-based document processing platform that specializes in extracting data from PDF, JPG, PNG, and TIFF documents. The platform uses machine learning algorithms to analyze the layout and content of documents and automatically extract the relevant data.
With Docparser, users can create custom parsing rules and templates to extract data from different types of documents, such as invoices, receipts, purchase orders, and more. The platform also offers advanced features, such as automatic field validation, data normalization, and integration with third-party software applications like Zapier, Salesforce, and Hubspot.
Some of the key benefits of using Docparser include:
- Improved data accuracy and consistency
- Reduced manual data entry errors and processing times
- Increased productivity and efficiency
- Better visibility and control over document-based workflows
- Integration with other software applications and workflows.
Overall, Docparser is a powerful tool for businesses that need to extract and process large volumes of data from different types of documents.
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2. Abbyy FlexiCapture
Abbyy FlexiCapture is an AI-based document-processing platform that enables businesses to automate their document-driven processes. The platform uses advanced machine learning algorithms and artificial intelligence techniques to extract data from various types of documents, including invoices, contracts, forms, and receipts.
ABBYY FlexiCapture offers a range of features, including data capture and extraction, document classification, data validation, and data export to third-party software applications. The platform can recognize and extract data from documents that contain both structured and unstructured data, including handwritten text and barcodes.
With ABBYY FlexiCapture, businesses can improve their document processing accuracy, increase productivity, and reduce operational costs. The platform enables users to automate repetitive tasks, such as data entry and manual document processing, freeing up staff to focus on more strategic tasks.
Some of the key benefits of using ABBYY FlexiCapture include:
- Improved data accuracy and quality
- Increased productivity and efficiency
- Reduced operational costs
- Improved compliance and audibility
- Faster processing times and improved customer service.
3. Rossum
Rossum is an AI-based document processing platform that specializes in extracting data from invoices. The platform uses advanced deep learning algorithms to analyze the layout and content of invoices and automatically extract the relevant data.
Rossum’s unique technology is based on “cognitive data capture,” which enables the platform to learn from human input and adapt to new invoice formats and languages. This means that Rossum can handle a wide range of invoice formats, including those that contain complex tables, images, and other elements.
With Rossum, users can create custom parsing rules and templates to extract data from invoices and export the data to third-party software applications. The platform also offers advanced features, such as automatic field validation, data normalization, and integration with robotic process automation (RPA) tools.
Some of the key benefits of using Rossum include:
- Improved data accuracy and quality
- Increased productivity and efficiency
- Reduced manual data entry errors and processing times
- Improved compliance and audibility
- Faster processing times and improved customer service.
Overall, Rossum is a powerful tool for businesses that need to extract and process large volumes of data from invoices. Its unique cognitive data capture technology sets it apart from other document processing platforms and makes it a popular choice for organizations looking to streamline their invoice processing workflows.
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4. Kofax TotalAgility
Kofax TotalAgility is an AI-based platform that helps businesses automate their document-driven processes. The platform uses advanced machine learning algorithms and artificial intelligence techniques to capture and extract data from various types of documents, including invoices, contracts, forms, and more.
Kofax TotalAgility offers a range of features, including data capture and extraction, document classification, data validation, and data export to third-party software applications. The platform can recognize and extract data from documents that contain both structured and unstructured data, including handwritten text and barcodes.
Kofax TotalAgility also offers advanced automation capabilities, including robotic process automation (RPA), which can automate repetitive tasks and streamline workflows. The platform enables users to automate complex business processes, reducing manual labor and improving operational efficiency.
Some of the key benefits of using Kofax TotalAgility include:
- Improved data accuracy and quality
- Increased productivity and efficiency
- Reduced manual data entry errors and processing times
- Improved compliance and audibility
- Advanced automation capabilities, including RPA.
Overall, Kofax TotalAgility is a powerful platform that can help businesses streamline their document-driven processes and improve their bottom line. Its advanced automation capabilities and ability to extract data from a wide range of documents make it a popular choice for organizations looking to optimize their workflows.
5. Parascript
Parascript Parascript is an AI-based document processing platform that offers advanced recognition and data extraction capabilities. The platform uses machine learning algorithms and artificial intelligence techniques to recognize and extract data from various types of documents, including invoices, checks, forms, and more.
Parascript’s unique technology is based on “adaptive learning,” which enables the platform to learn from human input and adapt to new document formats and languages. This means that Parascript can handle a wide range of document formats, including those that contain complex tables, images, and other elements.
With Parascript, users can create custom parsing rules and templates to extract data from different types of documents and export the data to third-party software applications. The platform also offers advanced features, such as automatic field validation, data normalization, and integration with robotic process automation (RPA) tools.
Some of the key benefits of using Parascript include:
- Improved data accuracy and quality
- Increased productivity and efficiency
- Reduced manual data entry errors and processing times
- Improved compliance and audibility
- Advanced automation capabilities, including RPA.
Parascript is a powerful tool for businesses that need to extract and process large volumes of data from documents. Its unique adaptive learning technology sets it apart from other document processing platforms and makes it a popular choice for organizations looking to optimize their workflows.
These are just a few examples of the best AI-based document processing platforms available in the market. When choosing a platform, it’s important to consider factors such as the specific document types you need to process, the level of customization required, and the pricing model.
Conclusion On AI-Based Document Processing Platforms
AI-based document processing platforms are powerful tools that enable businesses to automate their document-driven processes, improve accuracy and efficiency, and reduce operational costs. These platforms use advanced machine learning algorithms and artificial intelligence techniques to extract data from various types of documents, including invoices, contracts, forms, and receipts.
The key benefits of using AI-based document processing platforms include improved data accuracy and quality, increased productivity and efficiency, reduced manual data entry errors and processing times, improved compliance and audibility, and advanced automation capabilities, including RPA.
Some popular AI-based document processing platforms include Docparser, ABBYY FlexiCapture, Rossum, Kofax TotalAgility, and Parascript, among others. Each platform has unique features and capabilities, so businesses should choose the platform that best meets their specific needs and requirements.
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