Ephesoft
AI and ML-based Intelligent Document Processing
Ike Kavas, CEO and FounderEphesoft is a provider of industry-leading patented ML technologies that help enterprises to maximize their productivity. The solutions run in on-premise, cloud, or hybrid environments and support various use cases. The platforms offer invoice and claims processing, mailroom automation, record digitization, customer onboarding, HR, and procure-to-pay services. Irrespective of the complexity of the document, the IDP platforms convert unstructured and semi-structured data into structured, usable, and organized ones. The platforms are also capable of extracting data from handwritten documents and converting them into operable data.
After organizing and extracting critical information from documents, these platforms deliver the data to any ERP, BPM, RPA, workflow tools, or business systems. Since manual data entry is a monotonous activity that reduces staff productivity and morale and increases errors, the solutions are an efficient alternative to employees who can then focus their attention on other vital operations. The platforms also flag low-confidence levels for system operators to review and validate. Ephesoft’s IDP platforms work in tandem with existing solutions and streamline the document processing operations, improving their accuracy and reliability.
Data privacy today is one of the most important concerns for many businesses. An information breach can cause customer dissatisfaction and reduce sales. To address this, Ephesoft’s IDP platforms are adorned with data privacy and security protocols that prevent misuse or manipulation of data. Users can also configure the solutions to have different access levels according to an employee’s job role. Since a growing business means a growing amount of paperwork, the document processing system must be scalable. Ephesoft’s platforms house scalability properties and allow organizations to file and organize as much paper and digital data as required. Given that the covid-19 pandemic brought about massive digitalization, the IDP platforms enable businesses to digitize their document-centric operations into digital ones. Ephesoft’s solutions are employed by several businesses in the education, banking, insurance, mortgage, healthcare sectors, and local governments. These clients speak highly of its customer-centric approach while implementing the systems and the benefits they bring to the table. Alliance Bank Malaysia Berhad was struggling to manage SME loan applications documents and bank statements. It was looking for a solution to transform its business processes and deliver a simpler and swift customer experience, and helping the bank achieve its digitization objectives was Ephesoft.
Ephesoft implemented its IDP platforms where the bank employees were using the loan origination system’s optical character recognition (OCR) to digitize the documents and upload them into Ephesoft’s Transact solution. The data were automatically categorized and exported into different formats and forwarded to concerned departments. Alliance Bank Malaysia Berhad was able to execute easy data extraction and analysis, improve employee productivity, enable fraud detection, and minimize risks of errors. As an industry leader in document processing automation and data enrichment, Ephesoft consistently evaluates and utilizes contemporary technology to improve its solutions and customer services. The company recently partnered with Speridian Technologies, a global IT consulting firm, to help mutual clients across industries automate their data-centric operations and improve the efficiency of their workforce. Considering how Ephesoft has consolidated its position as an expert, it is evident that it is en route to redefining the status quo of the global business ecosystem and inspiring innovation towards hyper automation.
Data privacy today is one of the most important concerns for many businesses. An information breach can cause customer dissatisfaction and reduce sales. To address this, Ephesoft’s IDP platforms are adorned with data privacy and security protocols that prevent misuse or manipulation of data. Users can also configure the solutions to have different access levels according to an employee’s job role. Since a growing business means a growing amount of paperwork, the document processing system must be scalable. Ephesoft’s platforms house scalability properties and allow organizations to file and organize as much paper and digital data as required. Given that the covid-19 pandemic brought about massive digitalization, the IDP platforms enable businesses to digitize their document-centric operations into digital ones. Ephesoft’s solutions are employed by several businesses in the education, banking, insurance, mortgage, healthcare sectors, and local governments. These clients speak highly of its customer-centric approach while implementing the systems and the benefits they bring to the table. Alliance Bank Malaysia Berhad was struggling to manage SME loan applications documents and bank statements. It was looking for a solution to transform its business processes and deliver a simpler and swift customer experience, and helping the bank achieve its digitization objectives was Ephesoft.
Ephesoft implemented its IDP platforms where the bank employees were using the loan origination system’s optical character recognition (OCR) to digitize the documents and upload them into Ephesoft’s Transact solution. The data were automatically categorized and exported into different formats and forwarded to concerned departments. Alliance Bank Malaysia Berhad was able to execute easy data extraction and analysis, improve employee productivity, enable fraud detection, and minimize risks of errors. As an industry leader in document processing automation and data enrichment, Ephesoft consistently evaluates and utilizes contemporary technology to improve its solutions and customer services. The company recently partnered with Speridian Technologies, a global IT consulting firm, to help mutual clients across industries automate their data-centric operations and improve the efficiency of their workforce. Considering how Ephesoft has consolidated its position as an expert, it is evident that it is en route to redefining the status quo of the global business ecosystem and inspiring innovation towards hyper automation.
