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How does our document AI platform help optimise contract management & forms processing?
An Artificial Intelligence (AI) Optical Character Recognition (OCR) data extractor can transform contract management and form processing for businesses. OCR technology reads text from paper documents or digital images, effectively interpreting printed characters. When paired with Artificial Intelligence, this technology can recognise and understand contexts and patterns, making data extraction more precise. Implementing AI OCR technology provides multiple benefits. Firstly, it enhances data accuracy, reducing the risk of manual errors. Secondly, it significantly lessens processing time, improving productivity. Lastly, it facilitates data management as businesses can search, review, and analyse digital data more comfortably.
For example, organisations in the finance & banking industry often deal with complex contracts like loan and credit agreements, insurance policy paperwork, or financial reports. Some of them contain hundreds of pages with crucial information buried within them. Reading and extracting this information manually is a laborious, time-consuming, and error-prone process. By using Affinda's AI-powered OCR data extractor, businesses can automate this process, dramatically improving efficiency and accuracy. Similarly, OCR technology can help in processing forms such as medical claim forms, customer application forms, bills, receipts, and invoices. The technology can scan and interpret these documents, extract the necessary information, and input it into a system for further processing.
Step 1
Upload your documents to Affinda directly to our app, or by integrating with email or document management platforms
Step 2
Our AI-powered OCR data extractor will automatically scan, extract, label and categorise the data on the documents in seconds.
Step 3
Export the data in a structured and usable format. Integrate our AI-powered OCR data extractor with any downstream system or platform to use your data where you need it most.
Step 4
Need an AI data parser customised to your specific business needs? Our expert team can build a model tailored to your business workflows that integrates seamlessly with existing processes.
Michael Zhao
AI Product Manager | SEEK
De-clutter your business processes with a solution that seamlessly consolidates a diverse range of data, reducing complexity in business workflows and promoting effortless, streamlined operations.
Leave the repetitive, menial tasks to the AI, and do what you do best - talk to real people. Resume parser, job description parser, and candidate search and match can free up hours in your work week.
Our solution delivers speed and accuracy, handling data processes in seconds and freeing your team from tiresome data input. This not only saves time, allowing focus on vital tasks, but also significantly cuts business costs.
Our solution streamlines data parsing, analysis and management, quickly transforming unstructured data into actionable insights. This boosts productivity and accelerates decision-making, driving business growth.
Innovative features that set us apart from the rest.
Superior accuracy
Over 20+ fields extracted
Supports multiple file formats: PDF, JPG, PNG
Highly flexible and customisable
Supports over 56 languages
Upload and extract in bulk
Self-learning models improve over time
Seamless upstream and downstream integration
Case Studies
Learn how other businesses are using our parsing solutions.
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Accounts Payable: Acume improve AP and AR workflows with AI
