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

interface Powered Digital Assistant Increases Customer Acquisition by 5x for a Texas-Based Credit Union

Texas Dow Employees Credit Union (TDECU), a texas-based credit union with assets over $3 billion, implements interfaces' AI-Powered Digital Assistant, helping drive the... Read more »

MDOTM appoints its Advisory Board

MDOTM, the fintech startup that develops AI-driven investment strategies for institutional investors (Banks, Family Offices, Wealth and Asset Management companies), launches... Read more »

If AI Could Feel, it Would Fear Cyber Attacks from People

Artificial intelligence (AI) is rapidly finding applications in nearly every walk of life. Self-driving cars, social media networks, cyber security companies, and everything in... Read more »

Brighterion and Elavon to Fight Fraud with Artificial Intelligence

While the global implementation of EMV chip technology has reduced fraud activity for card payments, the payment’s ecosystem is still battling the threat of new and emerging... Read more »

YSEOP Recognized as a Representative Vendor in Gartner’s First Ever Market Guide for Natural Language Generation Platforms

YSEOP, world leader in AI software and pioneer of natural language generation technology (NLG), today announced recognition as a Representative Vendor in Gartner’s first Market... Read more »

Deutsche Bank Wealth Management Selects Finantix KYC Solution to Empower KYC Processes with AI Tools

 Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance... 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