Using next-gen IDP technology to achieve autonomous data extraction

Organizations have been automating document processing for decades. However, due to the rule-based approach of legacy systems, the vast majority of documents are still manually processed and at considerable costs. For example, while companies spend an average of €6-€8 to manually process simple documents, more complex ones cost upwards of €50.

Despite this, the business case for automating the processing of small volume and/or complex documents remains weak.

However, Document Swarm Learning technology™, which underlies the Parashift Intelligent Document Processing (IDP) platform, changes the game! As it uses artificial intelligence to continuously learn from all the documents it processes, Parashift's IDP platform can automate any document from any process 15x faster than legacy solutions. But don't take our word for it. 

In this webinar, Abraham Grigaitis, Head of Strategy & Growth (former Head Product) at Architrave, and Stefan Fust, CRO at Parashift, will discuss: 

• How the leading document management system (DMS) provider uses IDP to accelerate and optimize document processing
• Real-world approaches to building a business case for IDP and measuring success post-implementation
• The benefits of leveraging AI to extract, transform and analyze unstructured data across use cases
• Marrying best-of-breed document management technology with IDP to deliver transformational results
• Insights into how an industry-leading document standard is set
• Leveraging IDP to drive cost reduction, process efficiency, and improve the customer experience 

Speakers

Stefan Fust
CRO
Parashift

Abraham Grigaitis
Head Strategy & Growth
Architrave

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