Microtask-based document and forms processing

Generally, there are two ways to extract and process business data from unstructured paper sources (documents, forms, invoices, etc ) The old, fully manual approach and the more modern, automated recognition Both have their strengths, but also both have their weaknesses Meet MPS IntelliVector – a document and forms processing solution, that combines benefits of both approaches, but gets rid of their weaknesses! The adaptable workflow and the microtasking approach to data validation of MPS IntelliVector enables companies to achieve the highest possible percentage of automation (including straight through processing), improve data accuracy and data confidentiality, yet reduce processing costs by up to 60-80%

Automation with STP, minimized human interaction

MPS InteliVector streamlines document and forms processing by automating classification, data location, extraction and validation, and direct export to the relevant business system or workflow, with minimal to no human intervention

• Advanced Document Classification MPS IntelliVector simplifies and automates document type identification
• Scanned forms and documents are automatically classified and sorted, based on visual characteristics or predefined business rules
• No human interaction is needed

*MPS IntelliVector is an award winning data extraction and process automation solution, especially tailored for the financial, insurance and government sector. No matter if its digital or paper-based MPS IntelliVector transforms traditional document and forms processing by utilizing multi-level automation, microtask-based processing and secure enterprise crowdsourcing, to radically improve all majo.

MPS IntelliVector simplifies and automates document type identification Scanned forms and documents are automatically classified and sorted, based on visual characteristics or predefined business rules No human interaction is needed

• Automated Recognition and Processing Once the document type is identified the located business data is extracted and recognized using market leading recognition engines
• These engines recognize machine print (OCR), handwriting (ICR), read check boxes (OMR) and extract barcodes from any structured or semi-structured form
• The results are auto-validated against business rules and existing databases or record systems producing a significant ratio of fully automated straight-through-processing

Automated Recognition and Processing

Once the document type is identified the located business data is extracted and recognized using market leading recognition engines These engines recognize machine print (OCR), handwriting (ICR), read check boxes (OMR) and extract barcodes from any structured or semi-structured form The results are auto-validated against business rules and existing databases or record systems producing a significant ratio of fully automated straight-through-processing

• Minimized Human Interaction There are cases – especially in case of handwriting – when, to guarantee high data accuracy, some sort of manual data validation is unavoidable
• MPS IntelliVector uses a microtask-based (or field-based) approach, that reduces the usual amount of data entry to a fraction and minimizes traditional quality control to a mere 1-2%
• This reduction in human processing results in increased productivity, improved data confidentiality and huge cost savings

There are cases – especially in case of handwriting – when, to guarantee high data accuracy, some sort of manual data validation is unavoidable MPS IntelliVector uses a microtask-based (or field-based) approach, that reduces the usual amount of data entry to a fraction and minimizes traditional quality control to a mere 1-2% This reduction in human processing results in increased productivity, improved data confidentiality and huge cost savings

Any Data or Document Type, Easy template addition

Achieve greater levels of automated processing wfor the wide variety of documents and forms with MPS! Automatically extract and process business data from forms or documents, no matter if they are:

• Machine printed or handwritten (or contain optical mark or barcodes)

• Contain any language (the engines we use support over 190 languages)

• One page or multi-page Adding new document and form templates will be done on-the-fly in a matter of minutes, while the system is in production No need for IT involvement or expensive and time-consuming vendor customization

• Payment slips and checks

• Change of address forms

• Transportation and logistics forms

• Travel and expense reports

• Census and election forms

• Customs and VAT forms

Enterprise Crowdsourcing with Guaranteed Data Confidentiality

Microtask-based or field-centric data validation, used during the processing, means that users have access only to small, anonymized pieces of information, taken out of their original context, ensuring the privacy of sensitive information This approach reduces security risks and also allows to securely outsource or crowdsource the occasional manual part of the processing to any part of the world, freeing up internal resources to focus on more important tasks

Cost saving at the core of the solution

All features in IntelliVector – the improved automation with minimized human involvement (both in data entry and validation), the faster processing and the microtasking approach to processing, that allows secure outsourcing or crowdsourcing, all add up to 60-80% savings on data processing and operational costs

FIND OUT HOW YOU CAN SAVE UP TO 60-80% ON PROCESSING COSTS!

MPS IntelliVector is optimized to meet the throughput requirements of large enterprises The advanced automation, the faster processing, the option of secure enterprise crowdsourcing and the low hardware requirements, all enable easy scalability and adoption volumes of up to millions of pages per month

The microtask-based processing (that is 50-60% faster than the traditional full page processing), the improved process automation, the minimized quality control and the on-the-fly form template addition, all point toward an enterprise grade solution tuned for speed and productivity

Using built-in system connectors IntelliVector can be deployed and integrated in any heterogeneous IT environment, allowing the processed data to be exported into the necessary business system or workflow

The built-in market leading recognition engines combined with microtasking enable special character processing, both machine printed and handwritten, such as Arabic, Hindi, simplified Chinese, Japanese, Thai, Tamil, Cyrillic, and so on