Enterprises today have adopted business automation for various purposes. To streamline workflows, automate mundane tasks, adapt lean systems and so on. These processes help businesses to reduce costs, save time and enhance the productivity of the employees of the organization. It also leads to faster timely decisions being taken. One such automation that is gaining momentum is document automation.
Document digitization companies in India have grown rapidly over the years. One study suggests that document digitization companies will witness a growth of nearly 25% in the next year. With rising operational costs and the expansion of businesses, businesses need to maintain or find ways to reduce costs without hampering their day-to-day operations. Document digitization companies are doing exactly that.
But with so many document intelligence solutions in the market, it may become difficult to choose which one will be the best. This blog helps you understand some of the best document digitization companies in India and how they stand out from the rest.
Top Document Digitization Companies in India
1. KlearStack AI
KlearStack AI is one the best document scanning and digitization service providers in the market as of 2023. KlearStack AI uses advanced OCR technology along with artificial intelligence and machine learning to extract data accurately. It interprets data contextually and then extracts data from it. This means that KlearStack AI will extract data from documents as a human would. The additional layer of automation that KlearStack AI has is of Straight-Through Processing (STP), through which data from documents is not only extracted but complete document automation is achieved through it.
Since KlearStack AI can contextually understand the data, it has a very high level of data extraction accuracy from template-less documents. Documents like purchase orders, invoices, and receipts, are some of the many types of documents that do not have a fixed template. Such document types come in various formats from different vendors. Using computer vision, NLP and self-learning capabilities, KlearStack AI has achieved the highest level of accuracy from free-format documents.
Ephesoft is one of the top document digitization companies in India that uses intelligent Document Processing solutions (IDP). This enables automated scanning processes for documents of all types. This solution leverages the IDP platform to be maximum efficiency throughout its operations and boost the overall productivity of document processing. By leveraging AI, Ephesoft can scan texts from documents, meaning that the single dataset does not need to be extracted.
The role of artificial intelligence is quite an important one. It enables the transformation of data from any type of document. The added advantage is that the documents can be scanned in bulk promptly and with accuracy. The Ephesoft solution can pull data from any type of document at scale.
Klippa is one of the best document digitization companies in India that specializes in streamlining the administrative processes of enterprises. Documents like invoices, receipts, passports, identity cards, driving licenses etc. can be processed seamlessly on Klippa. From an operational point of view, it helps to extract data sets from such documents. The main objective of Klippa is to digitize and automate workflows that are highly administrative in nature. By leveraging technologies such as OCR and machine learning, this is achieved.
Klippa has come up with an IDP platform, Klippa DocHorizon. With this IDP platform, the solution goes beyond OCR. It can classify, verify and extract data from documents on a contextual basis. This is a cloud-based solution that can be adopted by any industry type. Finance, marketing, and logistics, irrespective of the industry, the solution can be used by the enterprise and most can be made out of it. Documents can be submitted via a mobile app, the web or even emails. The solution has a proven record of reducing the processing time by 90% and reducing the cost of your business by nearly 60%
Rossum has the simplest UI of all the digitization document companies in India. Its OCR can capture data accurately and therefore, enables your enterprise to obtain data that is relevant to your business.
Structured and unstructured documents, Rossum can extract data from both types of documents with high accuracy, without setting up rules. This means that Rossum can extract data and automate document scanning for purchase orders, invoices, receipts etc.
Businesses want to reduce their workload and therefore, solutions like Rossum are desirable solutions for them. Automated scanning of invoices, purchase orders and other similar unstructured documents brings ease to their everyday operations. Rossum can also extract data from a complex table in a few minutes.
The KlearStack Advantage
KlearStack AI has a unique concept of Day Zero Accuracy wherein data from unseen documents by the platform is extracted with the highest level of accuracy. These are documents that are unstructured and documents of these vendors have never been processed through the platform. It has proven to be 20-30% more accurate than any other solution. To know more about this unique concept, Download the eBook here.