Accura XV
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    Accura XV Accura XV Document Transcript

    • OrboCAR Accura XV™ Leveraging Next Generation Recognition (NGR) Technology for check processing workflows Underutilized Technology Teller image capture (TIC), branch image capture (BIC) and remote deposit capture (RDC) performance requirements have changed significantly over the past several years. During this time, check recognition technologies have evolved to support the goals of straight-throughprocessing. Unfortunately, many financial institutions (FI’s) have not taken advantage of these recognition developments due to prioritization of enterprise projects, leaving check processing environments “under-optimized”. Market Overview The adoption of TIC is now gaining steam in a wider range of financial institutions, but is not yet close to being the defacto standard. There is no consensus for large FI’s regarding optimal capture methodology. Blended environments with BIC, regional and remote branch locations (referred to as popcorn sites by some) are popular. Community and regional financial institutions invested heavily in check processing three to ten years ago. There are many highly efficient operations in place, where cross training and high employee utilization has improved the efficiency ratios for these organizations. Unfortunately, many in this segment experience high levels of inefficiency due to peaks and valleys in volume. This causes over staffing and management challenges. One constant remains in all of these environments: the business case is dependent on automation/recognition rates. Unfortunately, many FI’s are still in the 70% range or do not even investigate CAR/LAR performance. The potential for significant efficiency gains remains. Solution Set Since 1996, Orbograph has been the leader in solution-oriented check recognition systems. Our value-based approach combines a unique blend of multi-engine technologies. Our business partnership activities and client services focus on superior field performance. As the Orbograph suite has evolved, 20+ recognition-centric solutions have been delivered. OrboCAR XV, our 15th anniversary recognition solution, is field proven delivering hundreds of clients over 90% read rate with 99% accuracy across a wide range of scanners and diverse bank document mix. Check read rates in version 1.2 have climbed to as high as 95% depending on the mix. Additionally, Accura XV-based image quality/usability (IQUA) tests improve detection rates of image defects. Now with Orbograph’s new NGR Technology, Accura XV’s V100 mode attains virtually 100% read rates on small transactions in TIC. Meanwhile, large transaction misread levels can be tuned to as low as 2 per 1000 items. Packaging Accura XV is the foundation for all Orbograph Solutions including: • Centralized High-Speed Recognition • Centralized IQUA (Reco and NonReco Users) • Distributed Recognition for installation on remote desktops • Amount Verification • Automation Services and Automation for RDC/Check Cashers/POS For financial institutions who choose not to purchase Accura XV via capital investment with ongoing maintenance, Accura XV can be obtained within the Orbograph Automation options. New 2.0 Capabilities Breakthrough capabilities in 2.0 include: • V100: Virtually 100% recognition on small transactions • Dynamic Thresholding: Updates scoring thresholds real-time as varying deposit sizes are encountered​ “Next Generation Technology from Orbograph provides virtually 100% performance at the teller”
    • • Balancing Optimizer: Separate API call that scores items for accuracy and offers a new transaction order. Also applicable for commercial RDC Robust Feature Set • Item Verification: Identifies misread and miskeyed items for streamlined balancing in large deposits • Accura XV Portal: Interactive charts and graphs calculate read rate and misread rates at a document, branch and teller level • OrboTool: ICR (Intelligent Character Recognition) tool creates definition templates: Document types, multiple fields, TEXT ID for non-MICR or similar MICR items and front/back of image • ALR: Automatic Layout Recognition identifies item type and field location without document templates, assigns deposit tickets as credits • MICR Recognition: Streamlines reject repair • Full Page Documents: Field recognition on letter, legal and A4 sized documents now supported • OCR Recognition: Reads many OCR formats as well as teller validations, front or back of image Field Performance Field performance optimization is accomplished initially through Orbograph’s I-Care service (See Client Services brochure). Managed Recognition is a Client Services program to guarantee performance over time. Both are available for the following environments: • Centralized POD operations include deposit and cash tickets, general ledger items, loan coupons, and many more. Each requires a specific item definition and management of read rate and misread. • Distributed environments are chal- lenging due to many scanners deployed. OrboTool definitions are pushed to each location. • Remittance sites perform exceptionally due to high percentages of checks. OrboTool reads remittance coupons and OCR lines. Tangible Benefits • Data entry labor est. 2.2¢ per item keyed (large bank benchmark number) • $.1862 per recognition error • Average savings per 10% read rate per 100,000 items/day: $55,000 • Average savings per .5% misread rate per 100,000 items/day: $23,250 (Global Concepts Benchmark Data) Intangible Benefits • Highly reliable technology • Streamlined processes and FTE utilization • Reliable and robust architecture allowing full redundancy of all its components positioned for growth • The last recognition technology you will ever need • The Accura XV solution has a wide range of interfaces available for technical consideration including C++, C#, Java, and .NET • See the Next Generation Check Recognition Technologies white paper for additional details at www.orbograph.com/white-papers.htm About Orbograph Orbograph, a subsidiary of Orbotech, is a premier provider of recognition services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,500 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post and Orbograph E2Post utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality. 44 Manning Road, Billerica, MA 01821 • (978) 667-6037 • www.orbograph.com