Intelligent Document Processing Critical Capabilities
When it comes to tackling business process challenges, intelligent document processing (IDP) holds the key to success for enterprise data.
Implementing a successful IDP solution starts with research — exploring IDP’s critical capabilities is your best way to measure how different vendors can address document intake bottlenecks and improve data extraction processes.
In this series of blogs, we provide a list of critical capabilities that highlight the fundamental building blocks of a robust IDP solution.
These capabilities are built on our extensive experience in the field, and also that of our customers, who have varied sets of needs arising from their evolving processes, as well as from their responsibilities to their own customers.
What can I learn about document intake from critical capabilities?
These critical capabilities extend beyond the best technology, to factors that ensure your solution is able to:
The detective work involved in evaluating vendors is worth it when it leads you to a solution that resolves persistent problems, allowing you to redefine your document intake processes, eliminate inefficiencies, and drive ROI.
A powerful IDP solution can provide much more than previously unimagined speed and accuracy for data extraction.
Over a series of Infrrd blog posts, we will be exploring how IDP has the potential to deliver intelligent automation, driven by AI technology, that empowers you to finally remove onerous process roadblocks generated by manual document intake and OCR limitations.
We’ll also look at why, instead of having to relegate less structured documents to a manual processing loop, IDP’s broad processing capabilities mean that a single solution can automate all of your documents.
What kind of business value can IDP deliver?
When it comes to data extraction from documents, there’s a lot to get right if you want to optimize your outcomes in the most reliable way possible.
You want to build a flexible, agile, scalable system that delivers high-quality data. IDP and true collaboration with your vendor will begin your journey toward accelerated digital transformation.
This blog series will run through how you can position yourself to achieve:
- better-than-human accuracy for your valuable data
- automation levels that enable fully digital operations
- resiliency, flexibility, and adaptability
- minimized manual workloads
- a powerful business case for lower cost, faster processing, better customer experience, and fewer errors
It all starts with 10 IDP critical capabilities, which can help you pick the right for your needs in an increasingly crowded landscape of vendor possibilities.
The 10 critical capabilities for intelligent document processing
Let’s roll up our sleeves and get to work.
Below is the list of 10 critical capabilities and the business benefits each provides. Each capability highlights a key success factor for IDP success.
We’re going to drill down into each of these in the blogs that follow. (This is your intro).
Our action plan
Critical capabilities can help you make smarter decisions, pick solutions and vendors that will deliver value, and ensure the solution is feasible for your use case. This blog provides a summary of intelligent document processing’s 10 critical capabilities and the business impact each can generate.
Here’s our 5-step action plan to get results. Our next steps are:
Keep watching this blog space for the next post, which goes into the details of an AI-native platform. In the blog, we’ll detail the problem, the solution, business benefits, and questions to ask a vendor.
Want to skip ahead? Download The Definitive Guide to the 10 IDP Critical Capabilities
Got questions? Chat with our experts here
Originally published at https://www.infrrd.ai.
