The success of the insurance business relies heavily on the accurate processing of multiple documents. However, manually entering data from forms and documents is time-consuming, error-prone, and expensive; it also leads to slower turn-around time. Despite, constant process modernization efforts have not yielded as expected, owing to legacy in-house technology and complex solutions.
Kanverse Insurance Document Processing solution automates the ingestion, classification, and data extraction from insurance submission intake and claims documents with 99.5% extraction accuracy. Kanverse powered by AI adapts to document 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.