MarketplaceListingsSolutionAcord Form & Unique Document Data Extraction

Acord Form & Unique Document Data Extraction

by ValueMomentum Inc.

1

31

Acord Form & Unique Document Data Extraction

by ValueMomentum Inc.

1

Solution

31

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Summary

Summary


Overview

Overview

Acord Form & other unique document types data extraction by using Intelligent Document Understanding functionality.

Extracting varied data from different types of documents is a key challenge and a monotonous time-consuming activity for insurers, as the pattern and format of such documents appear unique, which is a cumbersome task of not being able to extract the data from these documents quickly. The documents that need to be processed are either structured, unstructured, and semi-structured Acord forms, schedules, loss runs and so on.

Since the amount of data to be extracted from these set of documents is varied, it becomes a difficult task to understand the importance of data to be extracted as well as to process multiple documents in a single go that are typically received as email attachments during a new business submission or claims intake process.

This solution is useful for extracting these unique data from multiple document types and formats that may be printed, scanned images or hand-written. By using the intelligent document understanding functionality, it becomes simpler to identify and understand the data elements and data types that need to be extracted from different intake document types.

Features

Features

1. Reduce submission intake processing time by 30 – 40% and respond to brokers/agents faster.
2. Enhance operations teams productivity by enabling to increase the daily transaction processing count by 20%.
3. Reducing the new submission and claims intake processing cost by 25 – 30%.
4. Improve processing accuracy and eliminate process leakages, re-work/errors.

Additional Information

Additional Information

Dependencies


Code Language

Visual Basic

Publisher

ValueMomentum Inc.

Visit Publisher's Page

Trusted Source

License & Privacy

Apache

Privacy Terms

Technical

Version

1.0.1

Updated

14 Dec 2021

Certification

Silver Certified

Tags

scanned images
FormExtracting

Application

UiPath Document Understanding

Support

Phone: +

Email: uipath@valuemomentum.com

3 business days

Resources

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