On average, 80% of documents entering business processes today are processed manually. Relying on human efforts to process documents can lead to long cycle times, unwanted errors, increased costs, and hampered productivity.

Kanverse Intelligent Document Processing product digitizes document processing workflows for its customers across multiple industries.

Kanverse combines automation with AI, ML, OCR and NLP technologies to deliver impact at scale.

Financial Services

Delivering responsive customer service and frictionless banking is the need of the hour. Reducing manual touchpoints that introduce human errors, omissions, costs and delays is critical to achieve this.

Kanverse IDP solution can help you to:

  • Expedited process automation with AI-driven data capture and extraction.
  • Quickly transforming incoming documents flows into actionable data for decision making.
  • Streamline manual document processing tasks through automation to increase customer experience.
  • Improve response time to customers.
  • Detect suspicious activity even before it becomes a threat.
  • Provide trails for compliance and audit.

Insurance

AI powered automation has gained immense visibility across the insurance sector. Identify and automate manual insurance forms processing workflows - to reduce operational costs, gain a competitive advantage, and deliver a compelling customer experience.

The insurance form submission intake process is inundated with multiple operational challenges – the inconvenient manual-driven process is highly error-prone and brings unprecedented disruptions. PDF documents are now submitted through emails or a digital portal, and often these documents are processed manually.

Underwriters and assistants spend up to 45% of their time on administrative work, consolidating and enriching data, when their core focus should be on evaluating risk. It reduces process cycle time, increased costs, data processing errors, and inefficient collaboration between agents and underwriters, and many more!

Kanverse IDP solution for insurance digitizes forms submission and processing for insurance companies. It intelligently classifies, captures, and extracts all data from forms entering the workflow. It then organizes the information based on business needs. The raw data is sanitized and cleansed by the system during processing.

Once the data has been validated and verified, the system automatically exports it to downstream business applications. The entire process is powered by Artificial Intelligence (AI) and advanced machine learning (ML) algorithms to make business processes more resilient to disruptions and help mitigate risks.

Business Benefits

  • Building effective zero-touch ACORD & Supplemental forms processing workflows across business processes.
  • Reduced operational costs by optimizing business processes and workflows with intelligent automation.
  • Reduced document processing cycle time across business processes.
  • Increased productivity and efficiency.
  • Enhance operator experience.
  • Uninterrupted business process continuity with effective data processing and validation framework
  • Unclutter insurance software systems by ensuring data integrity and quality before publishing.
  • Meeting end-to-end compliance and security requirements with holistic visibility and monitoring

Healthcare

Delivering responsive healthcare and making the health care processes from checkup/admission to care delivery, checkout and home care it is important to identify all bottlenecks in processing of key documents and providing a complete end to end view. Kanverse IDP product streamlines manual document processing actions with AI-powered automation technology. It enables organizations to reduce costs and improve customer service quality.

Kanverse IDP solution can help you to:

  • Streamline patient registration process with AI-powered OCR solution and automation.
  • Safely capture and export all patient information from paper documents and images to the system of records.
  • Automate the processing of claim forms with AI, seamlessly validate the data with existing records.
  • Increase productivity and save costs by automating manual document processing workflows across the finance department.

Logistics

Build resilient and robust business processes that ensure supply chain availability. Advanced visibility and monitoring increases operational efficiency and establishes smooth transactions with an AI-powered automated document processing solution.

Kanverse IDP solution can help you to:

  • Identification and classification of shipping documents - invoices, PO, waybills, receipts, etc.
  • Automated invoice processing powered by AI eliminates unwanted errors, also opens up early discount opportunities.
  • Automatic validation of financial data from documents as it enters the workflows with AI-powered capture.
  • Digital processing of delivery receipts and proof of delivery documents.

Latest Resources

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