In the fast-paced world of Human Resources (HR) and recruitment, Applicant Tracking System (ATS) providers play a vital role in helping companies efficiently organise and manage their candidate pool. As an ATS provider, your primary goal is to deliver exceptional service to your customers by offering cutting-edge technology and superior support. One key component of an ATS is its resume parser, which allows for the storage and analysis of resume data. Resumes are imported into parsing software, some built via optical character recognition (OCR) technology, while others use Artificial Intelligence (AI) to automatically extract and categorise information from resumes. This feature not only saves time and effort for both recruiters and candidates but also ensures a more accurate and consistent evaluation of applicants.
At Affinda, we understand the importance of providing top-notch solutions to meet the evolving needs of your customers. Our AI NextGen Resume Parser sets a new standard in the industry with its unparalleled accuracy, efficiency, and adaptability. By incorporating our advanced technology into your ATS platform, you can optimise your operations, reduce costs, and ultimately deliver a superior experience to your users, just like Minotaur ATS, one of our resume parser customers, has done. In this article, we will delve into the top four benefits of integrating Affinda's NextGen Resume Parser into your ATS service and explore how it can help you stay ahead of the competition.
1. Accuracy
The first benefit of integrating Affinda’s NextGen Resume Parser into your ATS service is seeing a significant increase in the accuracy of data extraction from resumes. With the NextGen Resume Parser up to 50% more accurate than other cloud-based CV parser providers, its enhanced accuracy and superior data extraction capabilities not only saves time for your customers but also ensures a more precise evaluation of candidates' skills, qualifications, projects and more. With effortless data extraction from over 100 different fields, you can ensure that your customers:
- Receive the best AI resume parser for extracting data across all fields, including key fields and unique fields such as work experience and education
- Improve their hiring processes and operational efficiencies through more accurate resume parsing
- Make informed hiring decisions and improve recruitment outcomes through extraction of all fields across many different types of resumes, including those in different languages
By incorporating the most advanced resume parsing technology available on the market, you can establish yourself as a premium ATS provider in the industry, standing out from competitors and showcasing your dedication to providing the best applicant tracking system to HR and recruitment companies.
2. Pricing
As an ATS provider, including a resume parser as part of your service package is standard practice. This means you’re looking for an affordable parser that enables you to maintain profitability without compromising on quality. Affinda understands that being the top choice does not have to come with a hefty price tag, which is why our pricing is the second benefit of integrating our NextGen Resume Parser into your ATS service offering.
With transparent pricing and customisable packages based on the number of resumes you need parsed, the NextGen Resume Parser is priced up to 30% lower than those of our nearest competitors due to our expertise in document AI processing, which includes 10+ years of IP in document reconstruction and the latest advancements in computer vision, natural language processing, and deep learning. With technology that covers a wide range of document types, we excel in accurate data extraction without the need for high prices typically associated with developing a leading resume parser. These development costs are distributed across all our document types, allowing us to offer competitive rates.
Why settle for less when you can have the best of both affordability and excellence with Affinda?
Find out more about our pricing plans.
3. More than just a parser: it’s an entire suite of Recruitment AI tools
At Affinda, we understand that while market-leading data extraction accuracy at competitive rates is essential when customers are deciding to choose an applicant tracking system provider, offering additional value-added services can truly set an ATS provider apart. This is why if you choose Affinda, you can expand your offerings to include innovative solutions such as an AI Resume Redactor, Job Description Parser and Search and Match tool.
Incorporating an AI Resume Redactor into your applicant tracking system can help your customers promote Diversity and Inclusion (D&I) in their hiring practices by:
- Eliminating bias by redacting identifying information such as name, gender, age, and ethnicity, enabling focus on a candidate’s qualifications, skills and experience
- Providing a fair and unbiased recruitment process, enhancing the candidate experience through promotion of fair and equitable hiring decisions
- Increasing the diversity of talent, ensuring attraction of a more diverse pool of candidates resulting in a broader range of perspectives, experiences and backgrounds, driving innovation and performance
Interested in learning more about how one of our big ATS customers effectively used the resume redactor to combat bias in recruitment and enhance accuracy and performance? Read the case study.
In addition, Affinda's proficiency in intelligent document processing carries over to our Job Description Parser, seamlessly connecting with our resume filtering and matching software. This integration results in:
- Offering your customers a comprehensive solution for effectively ranking candidates based on job criteria
- Enabling your customers to drastically improve the time taken to screen candidates and ensure they always find the best candidate for a role
- Allowing ATS providers to transition from a CRM-focused approach to one that actively enhances the hiring process for customers through advanced services
Affinda's NextGen Resume Parser, AI Resume Redactor, Job Description Parser and Search and Match work seamlessly together to create a powerful suite of AI tools that drive automation and efficiency in candidate selection. This integrated approach enables ATS providers to offer a holistic solution to their users, allowing them to not only extract and analyse candidate data accurately, but also hire fairly by redacting biased data and match candidates effectively to job descriptions. By combining these capabilities, you can deliver enhanced value to your customers, improving the overall recruitment experience and driving better hiring outcomes.
4. Simple integration
The final benefit of integrating Affinda's NextGen Resume Parser with your applicant tracking system is our simple integration process. We offer a simple REST API meaning it's easy to integrate our solutions into your platform with comprehensive API documentation and client libraries to make it easy to seamlessly incorporate Affinda into your existing system.
Our API documentation provides detailed information on how to utilise Affinda's powerful features, allowing you to easily access and parse resume data with just a few lines of code. Additionally, our client libraries simplify the integration process even further, reducing the amount of time and effort required to set up and maintain Affinda within your environment.
By leveraging our API documentation and client libraries, you can quickly and efficiently integrate Affinda into your ATS, ensuring a smooth and hassle-free experience for both developers and end-users.
“Affinda’s Resume Parser is accurate, fast, easy to set up and the customer support throughout the migration process was invaluable. We’re extremely happy with the outcome and so are our customers.” James JP Sutton, Founder and CEO at Minotaur ATS
Ready to enhance your applicant tracking system with AI?
In conclusion, integrating Affinda's NextGen Resume Parser into your applicant tracking system offers numerous benefits that can enhance your service offering and set you apart from competitors. From unmatched data extraction accuracy to affordable pricing, from a suite of Recruitment AI tools to a seamless integration process, Affinda's AI technology provides a comprehensive solution for optimising operations and delivering superior results. If you're ready to enhance your applicant tracking system with AI and provide your users with the best ATS on the market, sign up for a free trial or book a demo today.
