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TruBot Automates Data Capturing Of Import Collection Documents For A European Bank

Client

Norway's largest financial services group

Industry 

Banking and Financial Services

Region

Norway

Challenges

The client was collecting data from the import documents manually which resulted in multiple errors and led to delay in processing the documents which increased the turnaround-time.

The import documents which came from different banks were in an unstructured format needed to be converted into structured format and processed on a timely basis

Solution

Datamatics implemented TruBot for automating data capturing process for import collection documents and TruOCR which did not only read the information on the documents but also checked all the attachments and their order.

NLP function was used where TruBot analysed the payment instructions which were written in paragraph and different formats

 

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50%

Reduction In Operational Expenditure

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100%

Accuracy achieved

 

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800%

Faster than manual process

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90%

Enhancement of Productivity

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