What is a Statement of Operations and How to Calculate It?
What is a Statement of Operations? A statement of operations is a financial document that highlights a company’s financial details like overall revenues, operating expenses, cost of goods sold, operating profit, and its net income (loss). Why is a Statement of Operations Important? A statement of operations is important to make smart decisions. It shows […]
What is a Real Estate Offering Memorandum?
[vc_row][vc_column][vc_column_text]An Offering Memorandum, often referred to as a Private Placement Memorandum (PPM), is a comprehensive document that serves as a vital communication tool between sellers and potential buyers, outlining essential information about an investment opportunity, particularly in real estate. What’s the purpose of a Real Estate Offering Memorandum? The purpose of a Real Estate Offering […]
What is Acord 125? How to Complete Acord 125 & Automate its Processing?
Whether you’re involved in commercial insurance, dealing with complex policies, or seeking to streamline your insurance operations, ACORD 125 has a role to play. It can offer several benefits to your business like improving the quality of insurance documentation, reducing risks, and enhancing operational effectiveness. What is ACORD 125? ACORD 125 is a standardized insurance […]
Argus Modeling: All You Need to Know
Do you know? Over 75% of customer real estate (CRE) professionals i.e., investors, brokers, and property managers like you struggle with, a lack of transparency into property data and performance, difficulties evaluating risk, and inefficient processes. Argus Modeling aims to solve these problems. It is a software platform that provides you with details on your […]
What is Acord 126? How to Complete Acord 126 & Automate its Processing?
In the world of insurance, you’ll come across various ACORD forms, each with a specific role. ACORD 126, in particular, stands out as a significant contributor. ACORD 126 helps you communicate your business’s details clearly and accurately to the insurance company. On the flip side, insurance professionals use ACORD 126 to assess risks and determine […]
What is Document Processing and How to Automate It?
We can’t deny the fact that the volume, variety, and complexity of documents that businesses deal with are constantly increasing. Manual document processing methods are struggling to cope with the increasing data influx, leading to inefficiencies, errors, and delays. There’s an immediate need for an automated document processing workflow. But let’s first understand about document […]
What is Invoice Data Capture & How to Automate It?
[vc_row][vc_column][vc_column_text] What is Invoice Data Capture? Invoice data capture refers to the process of extracting relevant information from invoices, such as the vendor details, invoice number, date, and itemized list of products or services, using various technologies like Optical Character Recognition (OCR) and machine learning. With invoice data capture, businesses can easily monitor and analyze […]
Intelligent Document Processing: Benefits, Key Technologies, and Use Cases
[vc_row pix_particles_check=””][vc_column][vc_column_text] Documents are the crux of every business. From bills, emails, invoices, etc., every document is critically essential to keep track of important data. These days, organizations are using Intelligent Document Processing (IDP) to transform the way they deal with data. Manually organizing and maintaining these documents is laborious, time-consuming and tedious. As paperwork […]
Guide to Extract Text from JPEG File
[vc_row pix_particles_check=””][vc_column][vc_column_text]A lot of data is today hidden behind an image. PDFs and scanned images are some of the many forms of images from which important text and data has to be extracted. The biggest challenge to extract text from JPEG file or any image file is the number of errors it has with the […]
Need for Invoice Scanning OCR Software for Your Enterprise
[vc_row pix_particles_check=””][vc_column][vc_column_text]Enterprises are transitioning towards digital documentation quite rapidly. Physical documents at large are being replaced by emails, scanned images, PDFs and documents in other digital formats. This has made the internal workflows lean, efficient and smooth for enterprises as most data can be shared almost instantly. Invoice scanning OCR software has a huge role […]