Intelligent Document Processing (IDP) is an advanced technology that uses artificial intelligence (AI) and machine learning (Machine Learning) to automatically identify, analyze, and extract data from unstructured documents such as contracts, invoices, documents,…
Intelligent Document Processing (IDP) is an advanced technology that uses artificial intelligence (AI) and machine learning (Machine Learning) to automatically identify, analyze, and extract data from unstructured documents such as contracts, invoices, documents,…

IDP technology helps businesses eliminate time-consuming and error-prone manual document processing tasks.

It can automatically collect and analyze data with speed and accuracy far superior to human capabilities. This not only helps businesses reduce costs but also minimizes risks from errors while allowingemployees to focus on higher-value tasks.

Notably, IDP offers flexible scalability, handling everything from a small daily volume of documents to hundreds of documents per minute.

Although OCR (Optical Character Recognition) and IDP (Intelligent Document Processing) both utilize character recognition technology, they differ significantly in their level of analysis and content comprehension.

• OCR simply recognizes and converts characters from images into digital data without analyzing their meaning.

• IDP, on the other hand, goes beyond OCR by integrating artificial intelligence (AI) to understand and analyze semantics, enabling the extraction of structured information from complex documents in various formats.

No, although IDP and RPA can be combined to optimize workflows, they are two distinct technologies.

• IDP focuses on processing unstructured data from documents.

• RPA (Robotic Process Automation) automates repetitive workflows, such as data entry into systems.

• When integrated, IDP and RPA enable businesses to fully automate document processing workflows, from extracting information to entering data into management systems.

IDP has been successfully applied across various industries such as Finance, Insurance, Transportation & Logistics, Supply Chain, and Healthcare to optimize document processing workflows. To implement BnK IDP effectively, the first crucial step is analyzing business processes to identify the tasks that need automation.

Here are some practical application examples:

1. Integration into banking and credit assessment processes: IDP can automatically recognize and extract information from documents such as land title deeds, insurance policies, and loan agreements, reducing manual effort in the assessment process.

2. Integration into order or contract processing: Businesses can use IDP to automatically extract information from contracts and orders, minimizing manual data entry in ERP or CRM systems.

3.Integration into insurance claims processing: IDP can recognize and extract data from claim requests, accident reports, inspection reports, and expense statements, streamlining the claims’ settlement process.

4.Integration into document management systems: IDP helps automatically classify and extract data from documents, seamlessly integrating with existing document management systems like SharePoint or Google Drive.

5.Integration into HR contract management: IDP can automatically extract information from employment contracts, policies, and agreements with employees and enter them into HRMS for more efficient workforce management.

Additionally, businesses can refer to [https://hoqbnk.wixsite.com/idpbnk].

BnK IDP offers a comprehensive solution that enhances business efficiency, saving time and costs:

1.Powerful AI capabilities: BnK IDP eliminates the need for complex template creation or AI model training, allowing businesses to leverage AI technology with a simple command.

2.Intelligent document understanding: IDP can read and comprehend almost any type of document, optimizing workflows and improving productivity.

3.No-code platform: Designed for business users with no programming skills, BnK IDP enables users to design and deploy solutions within hours.

4.Flexible deployment: The solution supports both On-Premise and Cloud deployment, catering to various security and scalability needs.

5.Diverse template library: BnK IDP provides a rich collection of pre-built templates, enabling quick and easy implementation for projects of different scales and requirements.

6.Cost-effective solution: BnK IDP delivers high efficiency at a reasonable cost, helping businesses optimize budgets while achieving superior results.

BnK IDP is designed with robust security measures, including data encryption and strict access controls, ensuring the protection of sensitive business information.

Additionally, the On-Premise deployment option meets stringent information security standards, making it ideal for large enterprises with high-security requirements.

To get started, businesses should identify the document processes that need automation and contact BnK Solution for a trial before full deployment.

You can also sign up for an online demo at [https://hoqbnk.wixsite.com/idpbnk/book-a-demo]