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Trade Finance – Create Letters of Credit
by UiPath
0
Accelerator
<100
Benefits
264
hours
Reduced development time*
75%
Optimized productivity
85%
Enhanced accuracy
Summary
Summary
Automate the Trade Finance process of creating Letters of Credit based on information a client provides to the Bank.
Overview
Overview
This Solution Accelerator extracts the required data points from the following document types:
- Application Form
- Invoice
- Contract
It automates the extraction of the required data from the documents clients provide to have the bank create a Letter of Credit. The Solution Accelerator allows for rapid human in the loop review and input where necessary. This can accelerate the extraction of data / reduce manual effort required for data extraction / reduce turnaround time by up to 75%.
It offers the automation of retrieving documents from various endpoints (email, network drives) and collect, classify, and support your reviewing process.
It uses GenAI pre-trained models, for efficient data extraction, however it is also adaptable to other various models. With support for a variety of trading documents in terms of processing and data extraction such as: Application Forms, Invoices and Contracts, it generates the confidence that the document digitization process is compliant and efficient.
If it is desired to refine the already provided models to resonate more closely with a particular document variant in their unique operational context, the models can be further trained. With the groundwork firmly in place, the implementation time can be reduced by weeks.
The use of UiPath Document Understanding Models requires UiPath AI Units.
Features
Features
- Extract, classify, and process Trading Finance Documents such as: Application Forms, Invoices, and Contracts.
- Use of UiPath Solution Accelerator Document Understanding Framework.
- Assessment of Trading Finance Documents against specific reviewing and validation rules.
- Modular approach to processes for easy changes and easy configurations.
- Reusable components architecture allowing development and usage across multiple automation solutions.
- Configurable and scalable reporting options, through Data Service.
Additional Information
Additional Information
Dependencies
• UiPath.Excel.Activities: 2.22.2 • UiPath.SolutionAccelerators.Reusables.Generic: 1.1.15 • UiPath.System.Activities: 23.10.3 • UiPath.UIAutomation.Activities: 23.10.3 • UiPath.DocumentUnderstanding.ML.Activities: 1.24.0 • UiPath.Form.Activities: 23.10.5 • UiPath.FormActivityLibrary: 2.0.7 • UiPath.IntelligentOCR.Activities: 6.14.1 • UiPath.Persistence.Activities: 1.4.8
Code Language
Visual Basic
Runtime
Windows (.Net 5.0 or higher)
* Learn more about how the benefits are calculated. Click here.
Technical
Version
1.0.2Updated
May 15, 2024Works with
Studio: 22.4+
Certification
Gold Certified
Tags
Application
Collections
Support
Email: solution-accelerators-support@uipath.com
Link: https://marketplace.uipath.com/contact-usSupport on Demand is available only to UiPath Enterprise customers. To access this type of support, you need to have an active UiPath license. More details are available here: https://docs.uipath.com/marketplace/automation-cloud/latest/user-guide/support-on-demand. Note: Marketplace Support On Demand is not subject to a response SLA, but one should expect a response within two business days.
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