The success of the insurance business relies heavily on the accurate processing of multiple documents. However, manually entering data from forms is time-consuming, error-prone, and expensive; it also leads to slower turn-around time. In addition, constant changes to insurance forms like ACORD form changes necessitates changes to document processing soluitons. In addition, process modernization efforts have not yielded positive results as expected, owing to legacy in-house technology and complex solutions.

Kanverse Insurance Document Processing solution automates the ingestion, classification, and data extraction of ACORD and Supplemental forms with 99.5% extraction accuracy. Kanverse powered by AI adapts to form changes from time to time without need for fine tuning or compromising extraction accuracy. In addition, it transforms the experience of managing the forms - making it faster, easier, and more accurate than manual data entry, powered by an integrated business rules framework that does validations and lookups and automates filing of these documents in Insurance software systems.

Automate ACORD and Supplemental Forms Processing

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Key Features

Multi-channel ACORD & Supplemental form ingestion

The Kanverse system automatically detects and imports forms from multiple channels (Digital mailroom, FTP, SharePoint, etc.) for processing.

99.5% extraction accuracy while processing ACORD & Supplemental forms

Kanverse combines multiple AI technologies with OCR; it provisions for an industry-leading unmatched high data extraction accuracy score.

Automated classification and data capture with AI

Kanverse vision AI inspects and comprehends every element of the ACORD & Supplemental form seamlessly.

Reject incomplete forms automatically. Validate the forms data with Integrated business rule framework

Kanverse business rules framework applies business logic to the extracted data from forms to verify all necessary information is present in extracted data. Incomplete forms can be rejected right away without burdening insurance staff. It also performs various lookups to validate the extracted data before entering insurance systems of records.

Automated ACORD & Supplemental Forms routing workflow

From the moment the forms arrive in the system till the extracted data is publishing to systems of records – the entire workflow is automated.

ACORD forms keep changing? Kanverse AI can handle that!

Kanverse uses AI to adapt to form changes time to time without need for fine tuning and maintains the same extraction accuracy.

A refreshing new UI with a powerful dashboard

An intuitive and robust interface with a powerful dashboard capable of displaying drilled down analytics through dynamic charts enhances employee experience and productivity.

Seamlessly collaborate to verify and process ACORD & Supplemental forms

Collaborate with team members from within the product in the context of processing ACORD & Supplemental forms.

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Connect with us for a 1:1 product demonstration and understand how Kanverse AI can entirely digitize your document processing workflows.

Kanverse IDP digitizes document processing for enterprises from ingestion, classification, extraction, validation to filing. Extract data from a wide gamut of documents with up to 99.5% accuracy using its multi-stage AI engine. Say goodbye to manual entry, reduce cycle time to seconds, optimize cost by up to 80%, minimize human error, and turbocharge productivity of your team.