Intelligent Document Processing

Overview

Intelligent Document Processing (IDP) is a technology that uses Artificial Intelligence (AI) and machine learning algorithms to extract, understand, and process unstructured data from various types of documents such as invoices, forms, contracts, receipts, and more.

It can automate data entry, reduce manual data entry errors, and accelerate business processes. It is used in various industries such as finance, healthcare, insurance, and government for tasks such as invoice processing, claims processing, contract management, and more.

Why we need IDP?

Intelligent Document Processing is needed because a large amount of data is still trapped in unstructured documents, such as PDFs, scanned images, and handwritten forms, making it difficult to extract and process. This leads to inefficiencies and errors in data entry and slows down business processes.

IDP solutions can help organizations overcome these challenges by providing the ability to automatically extract relevant information from unstructured documents, and convert it into a structured format that can be easily analyzed and utilized by other systems and applications.

Solutions Over Industries

IDP can be used in a wide range of industries like

Finance: Automates invoice processing, accounts payable, accounts receivable, and other financial documents.
Healthcare: Automates the processing of medical claims, insurance forms, and patient records.
Insurance: Automates the claims processing, policy management, and underwriting.
Legal: Automates the contract management, document review, and legal research.
Government: Automates the document processing in areas such as tax and revenue, public records, and licensing.
Retail: Automates the order processing, inventory management, and supplier invoices.
Manufacturing: Automates the purchase orders, invoices, and shipping documents.
Transportation & Logistics: Automates the freight bills, purchase orders, and shipping documents.

Why Tech Tammina?

Tech Tammina has a wealth of experience in delivering intelligent document processing (IDP) solutions to diverse clients, resulting in significant business improvements. By utilizing IDP technology, we developed a tailored solution for the accounts payable team to automate the processing of various types of invoices, including purchase orders, commercial, recurring, and standard invoices, among others. In the education sector, we assisted universities in streamlining the admissions and student enrollment process, while in the financial sector, we created a solution for processing customer application forms and bank statements.