Business Reporter: Taking Intelligent Document Processing (IDP) Software to the Next Level

September 22, 2023 10:00 PM AEST | By EIN Presswire
 Business Reporter: Taking Intelligent Document Processing (IDP) Software to the Next Level
Image source: EIN Presswire

How AI can improve the customer experience by simplifying data onboarding

LONDON, UNITED KINGDOM, September 22, 2023 /EINPresswire.com/ -- In an article published on Business Reporter, Jim Forger, Vice President of Business Solutions at Kodak Alaris, explores how the right Intelligent Document Processing (IDP) software integrates with the latest AI tools to revolutionise data onboarding and information management.

Data onboarding involves the collection, organisation, and processing of new data from various sources. Most businesses have constant inflows of data from multiple sources in a variety of formats. Therefore, it’s critical to have a system that can consistently onboard data of all kinds, automatically validate it for accuracy and completeness, and then deliver it to business systems such as CRM, ERP, and EHR applications. This is what IDP software achieves, and the most effective IDP solutions today are ones that can integrate with the top document AI platforms to stay up to date with the latest machine learning capabilities.

Most IDP solutions already have optical and intelligent character recognition (OCR and ICR) capabilities built in to extract information from documents, as well as data validation and classification algorithms. However, the ability to leverage the latest AI tools takes these capabilities to an even higher level of accuracy and intelligent automation.

The ability to automate document processing tasks--while enabling continuous data quality improvements via machine learning--significantly expands the breadth of IDP use cases. Common applications of this technology include the optimisation of financial reporting, claims processing, order and inventory management, customer and patient onboarding, accounts payable processes, and legal documentation.

By integrating IDP solutions with leading AI platforms, businesses can amplify their data processing systems to evolve at the speed of Google, Microsoft, and Amazon, ensuring reliable high-quality data and faster data processing to improve response times and better customer outcomes.

To learn more about the opportunities IDP solutions present, read the article on Business Reporter.

About Business Reporter

Business Reporter is an award-winning company producing supplements published in The Guardian and City AM, as well as content published on Business Reporter online hubs on Bloomberg.com, Independent.com, Business Insider Germany and Le Figaro, delivering news and analysis on issues affecting the international business community. It also hosts conferences, debates, breakfast meetings and exclusive summits.

www.business-reporter.co.uk

About Kodak Alaris

Kodak Alaris is a leading provider of enterprise data capture and intelligent document processing solutions that simplify business processes. Powered by decades of image science innovation, our award-winning software, document scanners, and professional services are available worldwide and through our network of channel partners.

www.alarisworld.com

© 2023 Kodak Alaris Inc. TM/MC/MR: Alaris
All trademarks and trade names used are the property of their respective holders. The Kodak trademark and trade dress are used under license from Eastman Kodak Company.

Business Reporter
Press
+44 20 8349 6488
email us here


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.