Mumbai, January 29, 2020:
Datamatics, a global Technology, Intelligent Automation Products, BPM, and Digital Solutions Company recently launched a new artificial intelligence (AI)-enabled intelligent document processing (IDP)
product, TruCap+, to enable enterprises to realize faster time-to-value and achieve greater straight-through processing (STP) with accuracy in end-to-end processing of documents. The newly released IDP product is a result of significant investment and product development, and is closely integrated with Datamatics robotic process automation (RPA)
Datamatics Intelligent Automation Platform comprises RPA (TruBot), IDP (TruCap+), and AI/machine learning (ML) capabilities
to enable enterprises to automate tasks, unstructured data in documents, and end-to-end processes. The new IDP Product, TruCap+ has several key and differentiating features, including –
· A template-free approach that reduces set up time by 30% -70% and delivers faster time-to-automation. Users do not need to create and maintain multitudes of document templates that escalate total cost of ownership (TCO) and increase time-to-value.
· Pre-built AI/ML capabilities and business rules enable automated verification and validation of data. Continuous learning & improvement based on AI/ML algorithms and user inputs. Cognitive capabilities deliver a greater percentage of straight-through processing (STP) with a higher accuracy, thereby reducing manual effort and saving time. TruCap+ supports multiple optical character recognition (OCR) engines.
· Rapid deployment in the cloud, which ensures infrastructure flexibility and scalability with increasing workloads.
· An easy-to-use Configurator and a compelling user experience (UX) that enables business users to quickly achieve document automation. Browser-based access and an intuitive user interface (UI) ensures faster document processing.
“Enterprises’ reliance on documents has not changed, it has just moved from paper to electronic formats, however, this makes it easier to apply intelligent automation. Datamatics has grasped this opportunity and their AI-enabled IDP solution helps organizations tackle unstructured data in documents, reduce a host of errors in end-to-end processing, thereby making businesses more efficient”, said Michael Azoff, Chief Analyst, Kisaco Research.
IDP software market is growing at a rapid rate, as over 80% of enterprise data is unstructured and enterprises frequently struggle to automate using legacy OCR solutions. Ability to ingest and process unstructured data with greater accuracy, as part of intelligent automation workflows continue to be a pain point for enterprises. Datamatics TruCap+ IDP alleviates this pain and delivers significant reduction in time-to-value and TCO for process and document automation. Datamatics was recently ranked a leading IDP vendor by analysts at Quadrant Knowledge Solutions, the Quadrant SPARK Matrix: Intelligent Document Processing (IDP), 2020 report can be accessed here- https://www.datamatics.com/resources/analyst-reports/quadrant-solutions-spark-matrix-idp-2020
Datamatics (BSE: 532528 | NSE: DATAMATICS) provides intelligent solutions for data-driven businesses to increase productivity and enhance the customer experience. With a complete digital approach, Datamatics portfolio spans across Information Technology Services, Business Process Management, Engineering Services and Big Data & Analytics all powered by Artificial Intelligence. It has established products in Robotic Process Automation, Intelligent Document Processing, Business Intelligence and Automated Fare Collection. Datamatics services global customers across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing. The Company has presence across 4 continents with major delivery centers in the USA, India, and Philippines.
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