The major problem most business firms face is the inflow of large-volume data. There exists a great deal of unwanted data and there is also a high chance for misplacement of important documents. The major solution for this crisis is the use of Intelligent Document Processing. It helps the business firms to filter wanted data from bulk data and process it into structured data. Majority of the firms choose data conversion outsourcing over in-house processing in order to create error-free data that is required for making intelligent business decisions.

2. Intelligent Document Processing or IDP helps business
firms gain easy access to important data. It extracts
important information from different data sources like
business documents, images, PDF documents and mails,
and converts it into useable data. It utilizes AI (Artificial
Intelligence) technologies such as Natural Learning
Process (NLP), deep learning, computer vision, and
machine language for this purpose. It helps businesses
to maintain vital data with high quality and accuracy.

3. Step 1: Classification
In this primary step, it classifies the given data according
to its format using OCR technology. It helps to recognize
characters and symbols. It also scans images and
photographs. ICR technology is suitable for classification
as it has the ability to scan bar codes.
Step 2: Data Extraction
In this process, the important data is extracted from the
available data and entered into the appropriate
database. The application tool suitable for this
procedure is REGEX.
Step 3: Data Validation
Here, inaccuracies are identified using validation rules,
and corrected. This is a crucial step when it comes to
ensuring actionable data.

4. Step 4: Human Review
Human intervention to cross check the processed data if
the document is flagged as red. It helps to improve
accuracy and reliability.
Step 5: Release
In this step, the data is exported to the business
processes automatically

5. Fully automated
Improves quality
Improves security and compliance
Improves efficiency
Budget-friendly
Speedy data processing
Customer satisfaction
Ability to read barcodes

6. Lending
Insurance
Logistics
Real estate
Accounts

7. C o n t a c t
(800) 670 2809
www.managedoutsource.com