Softomotive and CaptureFast partner to extend the scope of RPA by unlocking valuable data trapped in hard to access physical and digital documents

Softomotive and CaptureFast partner to extend the scope of RPA by unlocking valuable data trapped in hard to access physical and digital documents
25.02.2019 05:37 am

Softomotive and CaptureFast partner to extend the scope of RPA by unlocking valuable data trapped in hard to access physical and digital documents

Artificial Intelligence , Infrastructure

Softomotive, a leading Robotic Process Automation (RPA) vendor, has announced a strategic partnership with CaptureFast, a state-of-the-art Data Capture solution. CaptureFast allows users to unlock valuable information from physical or digital documents via AI using machine print character recognition.   This partnership will provide Softomotive’s clients an all-in-one, ready-to-deploy solution for customers’ automation needs that require an additional method for data capturing from editable or noneditable physical or scanned documents.  

 John Anastasopoulos, Head of Product for Softomotive said “We are excited to extend the capabilities of ProcessRobot, our leading enterprise RPA platform, to include CaptureFast for extracting valuable data from physical and digital document data capturing. This is an important development for our customers because it opens up the range of processes that are potentially suitable candidates to be automated. By doing so, it means they can accelerate process development to achieve better ROI.”

Gurkan Karagoz, founder and CEO of CaptureFast explains, “We believe Softomotive is a great partner for us because we share a similar point of views about how the market is evolving and the needs of clients. In particular, both CaptureFast and Softomotive products are very easy to use, which is a great benefit because there is no learning curve and no need for complicated –and costly- approaches.”  He added, “Data capture is normally the starting point and customers also need to take action or process the data once it is captured. Capture, by itself, solves only part of the problem. In order to achieve broader automation, CaptureFast values partnerships with RPA vendors such as Softomotive because it provides customers with an easy to implement and flexible data capture solution in their RPA deployment.”

From the Forrester Wave™: Robotic Process Automation, Q2 2018 Report:

"Text mining applied to unstructured content lifts RPA’s value. Text analytics enhances the strategic value of RPA. Typical documents in scope include insurance, medical claim forms, invoices, purchase orders, and emails. Unstructured text fields are scattered throughout such documents. Before these text fields can become actionable in RPA, a process must extract structures — simple ones like names, times, and locations, and complex ones like sentiment, effort, and intent. Leading vendors stepped up their game with partnerships or native extensions."

CaptureFast fills this gap in the market offering quick, easy set-up for a very flexible and integrated cloud solution at affordable prices.

Gurkan Karagoz, said, “We believe Softomotive’s RPA and RDA solutions combined with CaptureFast’s capture capabilities creates an all-in-one, ready-to-deploy solution for customers’ automation needs that require AI enabled data capture, especially for unstructured data”.  

CaptureFast is used in multiple verticals such as insurance (application, sales, claim forms between field and HQ), Banking & Finance (account opening, checks, KYC, loan and mortgage documents, bank statements), Non-profits (member forms and files), Construction (insurance documents, work orders), healthcare, legal, logistics and many others.

CaptureFast serves both local and global companies such as Allianz Insurance, INGBank and Ceva Logistics.

Related News

Yooz leverages Artificial Intelligence to help UK businesses tackle invoice fraud

Yooz, an international provider of intelligent P2P software in the Cloud, today announced the... Read more »

Accuity Launches AI-Powered Financial Crime Compliance Screening to Detect and Prioritise Highest Risk Individuals

Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘... Read more »

NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI

NICE Actimize  announces the launch of CDD-X, the next-generation Know Your Customer/Customer Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the... Read more »

Mastercard, Kuok Ventures and SGInnovate invest in AIDA startup

AIDA Technologies, the AI and predictive analytics provider, today announces that Mastercard, Kuok Ventures and SGInnovate have invested in the company in a Series A funding... Read more »

Taulia Announces Partnership with Google Cloud to Solve Invoicing with AI

Taulia, a leading fintech company, partners with Google Cloud to launch AI-powered invoicing solution.

Read more »

FICO Named a leader in AI for Financial Services

FICO, a leading analytics company, today announced that it has been named a category leader in the AI in Financial Services, 2019; Market and Vendor... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel