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Data Capturing Of Import Collection Documents For A European Bank using Intelligent Document Processing Case Study
Case Study


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TruCap+ Automates Data Capturing Of Import Collection Documents For A European Bank

Client

Norway's largest financial services group

Industry

Banking & Financial Services

Challenges

The bank received the import collection documents like letter of credit, covering letter, invoices, certificate of origin, etc. from the exporting banks in multiple formats which was unstructured and the client wanted to capture data from various unstructured documents related to each Trade Finance case in the ERP system and sanction payment.

Solution

Datamatics analyzed the bank’s IT environment vis-avis their current business requirement and deployed Intelligent Document Processing (IDP) solution, TruCap+ powered by Artificial Intelligence and Natural Language Processing (NLP).

The integrated AI in TruCap+ helps to scan the content in an unstructured format (text and paragraph form), read, decipher, and capture information fields, such as currency, amount, LC number, etc.

Impacts
800% Faster than manual process - Intelligent Document Processing (IDP) Solutions Case Study

800%

Faster than manual process
90% Enhancement of Productivity - Intelligent Document Processing (IDP) Solutions Case Study

90%

Enhancement of Productivity
50% Reduction in operational expenditure - Intelligent Document Processing (IDP) Solutions Case Study

50%

Reduction in operational expenditure
100% Accuracy achieved - Intelligent Document Processing (IDP) Solutions Case Study

100%

Accuracy achieved

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